Ohio announces recipients of state historic tax credits, including six Cincinnati projects


Six Cincinnati projects recently received $7.1 million in Ohio Historic Preservation Tax Credits. Statewide, 19 projects were chosen to receive funding, totaling more than $27.5 million. The projects range from new apartments to commercial space and are expected to leverage about $280 million in private investment.
 
512 E. 12th St.
Total cost: $700,000; tax credit funds: $76,800
Two Over-the-Rhine residents acquired the building from OTR A.D.O.P.T. and plan to renovate it into seven one-bedroom market-rate apartments.
 
Abington Flats, 33 Green St.
Total cost: $4,855,059; tax credit funds: $482,999
The four-story, 105-year-old building near Findlay Market will be converted into 18 fully accessible apartments and one commercial storefront. Cornerstone Corporation for Shared Equity, Model Group and 3CDC are partnering on the project.
 
Baldwin Piano Company, 655 Eden Park Dr.
Total cost: $39,233,265; tax credit funds: $4,840,000
The eight-story building served as the home of the Baldwin Piano Company until it was converted into offices in 1987. Neyer Properties plans to rehab it into 176 market-rate apartments.
 
Market Square A, 1808-10 Race St.
Total cost: $2,585,377; tax credit funds: $249,999
As part of the larger Market Square development near Findlay Market, the two buildings are over 11,000 square feet. Model Group plans to rehab the space into nine apartments and about 1,500 square feet of commercial space.
 
Market Square B, 101 W. Elder St. and 1812 Race St.
Total cost: $2,568,088; tax credit funds: $249,999
Another part of the Market Square development, the building at 1812 Race and the John and Henry Kruse Dry Goods and Notions Building at 101 W. Elder will become nine apartments and just over 1,500 square feet of commercial space.
 
Merchants Building, 34 W. Sixth St.
Total cost: $9,921,186; tax credit funds: $982,295
Ashley Commercial Group plans to turn the 103-year-old building into 62 market-rate apartments with first-floor commercial space.
 
Warner Brothers Pictures Building, 1600 Central Parkway
Total cost: $1,310,665; tax credit funds: $184,000
Built in 1940, the building has been vacant for a number of years. Grandin Properties has acquired the property and plans to convert it into office space.
 

Read more articles by Caitlin Koenig.

Caitlin Koenig is a Cincinnati transplant and 2012 grad of the School of Journalism at the University of Missouri. She's the department editor for Soapbox Media and currently lives in Northside with her husband, Andrew, and their three furry children. Follow Caitlin on Twitter at @caite_13.  
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