3CDC to begin renovating three buildings in Central Business District

More cosmetic changes will be coming to Cincinnati’s Central Business District in the opening months of 2013.
3CDC was awarded $1.8 million in Ohio Historic Preservation Tax Credits to redevelop three buildings at the intersection of Third and Main streets. The Heister Building (308 Main), the Brockman Building (312 Main) and the Clark Machine Company Building (316 Main) have been vacant for quite some time. They were once planned for demolition for new-build office space, but those plans fell through.
Early in 2012, 3CDC acquired the three buildings and began to draw up plans for their future. The new project will include 10 to 15 condos and 5,000 to 10,000-square-feet of street-level commercial space, says Anastasia Mileham, VP of communications for 3CDC.
“The tax credit program is a wonderful program that allows us to do projects that we wouldn’t be able to do otherwise,” Mileham says.
The 3CDC development is one of seven preservation projects in the Cincinnati area. The projects were awarded a total of $9 million in tax credits from the Ohio Development Services Agency through the state’s historic preservation program. The Cincinnati projects received about 25 percent of the total $35.9 million of tax credit money that was distributed to projects throughout the state in the program’s ninth round of funding.
The other Cincinnati projects include Losantiville Apartments, Abington Flats and Pendleton Apartments in OTR; the conversion of Eden Park’s pump station into a tap room and brewery; the redevelopment of three historic buildings in Walnut Hills; and the renovation of Hamilton’s, old newspaper building, which will become a multi-use education center.
By Caitlin Koenig
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