The Ohio Development Services Agency
recently awarded $37.7 million in Ohio Historic Preservation Tax Credits
to rehabilitate 35 historic buildings in 13 communities across the state. Eleven of those projects are in Cincinnati, for a total of $6.2 million in tax credits.
A three-story building at 412-414 E. 13th St. received $150,000 in tax credits. Model Group
plans to rehab the structure into five residential apartments. The project’s total cost is $831,314.
433 E. 13th St. received $245,000 in tax credits. The building was rehabbed several decades ago, but has decayed over time. It will house eight apartments and 1,200 square feet of retail space, and will feature a bike storage space for each tenant. The project’s total cost is $1,495,029.
The four-story building at 501 E. 13th St. in Over-the-Rhine
is across the street from 433 E. 13th St. It received $136,500 in tax credits, and will house four apartments and first floor commercial space. The total cost will be $834,055.
Two buildings across from Findlay Market
at 1818 and 1826 Race St. received $1,650,500 in tax credits. In a partnership between Model Group and the Corporation for Findlay Market
, the buildings will become 15 apartments and more than 28,000 square feet of commercial office space and first floor retail space. The project’s total cost is $8,503,167.
Emanuel Community Center
at 1308 Race St. received $248,017 in tax credits. The former gym will become squash courts for a new squash-based youth enrichment program, and office space at the front of the building will be used for tech and startup firms
. Grandin Properties
will use the tax credits to rehab the building’s fourth floor. The total cost is $5,101,146.
The Globe Building, located at 1801-1805 Elm St., will be home to People’s Liberty, an initiative of The Carol Ann and Ralph V. Haile, Jr./U.S. Bank Foundation
, and first floor retail space. The $4,886,992 project received $540,000 in tax credits.
The Landman Building
, located at 3929 Spring Grove Ave., received $223,650 in tax credits. It was built in 1926, was stabilized by the Northside Business Association
and sold to South Block Properties, Ltd. It will be rehabbed as a mixed-use facility for an arcade bar on the first floor and four one-bedroom apartments on the second floor. The total cost is $1,140,681.
Sorg Mansion in Middletown received $212,500 in tax credits. The 27-room mansion will be fully rehabbed to become an owner-occupied bed and breakfast. It’s the first Middletown project to receive state historic tax credits. The total project cost is $1,319,000.
St. John’s Church, located at 1205 Elm St., will be redeveloped into a bar and event space in the former sanctuary and balcony. It received $490,000 in tax credits, and the project’s total cost is $4.5 million.
Buildings at 703-707 Race St., 22-24, 26-30 and 106 W. Seventh St. will be jointly rehabbed to create 75 market-rate apartments and first floor retail space. The project received $1.45 million in tax credits, and will cost $14,656,862.
Windsor School, located at 937 Windsor St., received $900,578 in tax credits. Cincinnati Public Schools operated the building until 2004, and it was later sold at auction. Core Redevelopment
plans to redevelop it into 44 market-rate apartments, and the now-empty southern portion of the property will become 48 new-build units. The project’s total cost is $9,139,567.