Our semi-regular roundup of all that’s going on in development around town and Cincinnati real estate.
Cincinnati is out of the running for Amazon’s next HQ.
Amazon announced the top 20 cities still in consideration for its $5 billion second headquarters. The project promises to deliver 50,000 new jobs and take over up to 8 million square feet of prime Cincinnati real estate.
Cincinnati didn’t make the cut. Some major cities didn’t disappoint by remaining on the list (Boston, D.C., New York, L.A., Toronto) but some cities most consider our peers (I think we’re wayy better) surprisingly did make the list (Columbus, Nashville, Indianapolis).
There are plenty of reasons why Cincinnati was not in the running, but can probably be boiled down to this:
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BOOMSHAKALAKA – East Court Street
Platte just applied to the Historic Conservation Board to give some major love to 33 and 40 East Court Street. Both look to receive a total renovation. The proposal includes rear and rooftop decks, so residential looks likely. We’ll be on the lookout for apartments or condos coming soon.
North South Properties bought these buildings (and a few more) over the past 3 years for a total of about $3M.
With a new 18-story tower being built just down the street for Kroger’s downtown flagship store + 139 apartments, Court Street is heating up.
Walnut Hills Continues Momentum
As we wrote last month, a ton of development is happening in Walnut Hills, focused around the Paramount Building. To add to this, Paramount Redevelopment Group LLC plans to redevelop 727-737 E. McMillan St. into 12 residential apartments and three commercial storefronts.
We got started in the neighborhood a year ago with the redevelopment of Klinge Flats and look for the area to continue to redevelop.
I’m in the Pursuit of Happiness
Co-living promises to bring people together IRL and fight social isolation. There’s not much human connection as we binge on Netflix and creep on ex-girlfriends on Facebook.
We launched Kunsthous a year ago to lead co-living in Cincinnati, and we wrote about the origins of the hippie idea last month.
Some recent news supports that the co-living has legs:
- Co-Living startup snags $40M investment
- Major real estate developers experimenting with co-living
- Co-living project coming to LA
We’ve got a few co-living projects coming up. Check ’em here.
People search Google for lots of stuff every month. In a bit of disturbing (or maybe encouraging?) news, at least 1,000 people per month search the following: