In January, Indianapolis-based Core Redevelopment proposed a 155- to 170-unit apartment conversion of the building at 1310 Sycamore Street that would preserve most of the building's architectural features.
But in late February, it was announced that Cincinnati-based Remark Hospitality Development Co. had approached the developer with a proposal for a mixed-use project that would feature a 100-unit Hilton branded hotel, 36 apartments, restaurants and entertainment – plus a 250-space parking garage.
The tax credit application will be submitted as a residential project, but could be amended if the hotel plan moves forward.
The other resolutions were approved for:
- Cincinnati Center City Development Corp (3CDC), for the redevelopment of properties at 1205, 1225, 1405-1407, and 1801-1805 Elm Street; 1315 Vine Street; and 1201 Walnut Street; and
- Barbaurora LLC for the redevelopment of 1500 Race Street.
Previous reading on BC:
City supports tax credits for Emanuel; Startups, squash planned (3/27/13)
Ohio preservation tax credit application period open (3/13/13)
Tax credits sought for Bartlett Building hotel (3/6/13)
County, 3CDC to explore feasibility of Memorial Hall renovation (3/5/13)
Around and atop the (old) SCPA (6/2/08)