Real Estate and Economic Development Update 11/17

Lincoln & Gilbert Acquisition

With help from our partners at the Cincinnati Development Fund and the Carol Ann and Ralph V. Haile Jr./U.S. Bank Foundation, the WHRF has acquired about 1.7 acres of property along Gilbert Avenue and Lincoln Avenue! Per the Reinvestment Plan developed in 2016, this area is being redeveloped because of its proximity to Peebles' Corner and the MLK Interchange. Right now the 15 properties that are included in this project are under control of the Hamilton County Land Reutilization Corporation, while development logistics are worked out. Our hope for this area is focused on rehabbing the historically black business district that once occupied Lincoln Avenue. No businesses or development partners have been identified since this project is still in its early stages. Keep an eye out for more updates in the next couple of months! See the full Business Courier article here (subscription only). 

Kroger Site Purchase

We've purchased the land lease of the old Walnut Hills Kroger, which means we're one step closer to something awesome at the old Kroger site! There's been no determination yet for a future use of the property. Do you have hopes for this site that you want to share? Thanks to Duke Energy, we have the funding to explore options and ideas in 2018, so keep an eye out for engagement opportunities! Take a look at some local footage from WCPO concerning this project or this Business Courier article (subscription only).

Paramount Groundbreaking Ceremony

A big thank you to everyone who came out to the Paramount Groundbreaking Ceremony last month! It was great to share that moment with so many wonderful partners and supporters. It was incredibly exciting to hear from Esoteric Brewery, Cincinnati's first black-owned brewery, about their future in Walnut Hills. Take a look at the Business Courier article here (subscription only), Local 12's video and article here, and the full Facebook album here.