Developers Wanted: City Unveils Cyber Monday Opportunities

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Developers Wanted: City Unveils Cyber Monday Opportunities

29 November 2016 - 12:00:00 AM
CINCINNATI – Today the City of Cincinnati Department of Community and Economic Development (DCED) announced three development opportunities, in an effort to activate underutilized publicly owned sites and create more quality homeownership and rental projects. These three opportunities range from the adaptive reuse of vacant buildings, development on an existing surface parking lot and the announcement of the 2016 Notice of Funding Availability (NOFA).
 
The projects were announced as part of Cyber Monday, the beginning of the online holiday shopping season.
 
The department looks forward to facilitating these development opportunities to promote vibrancy and spur additional investment in the City. A key goal is to solicit development proposals that balance the needs of the community with business interests to develop meaningful and sustainable projects.
 
DCED will host a pre-solicitation event on Dec. 9, 2016 from 9:30 to 10:30 a.m. to discuss with interested parties more details on the three upcoming development projects. Below, you will find more information about those projects to be presented, two of which are requests for proposals (RFPs) and the third being a Notice of Funding Availability:
 
Shillito’s West RFP [Adaptive reuse/development]: The former John Shillito & Company department store is located at 137 West Seventh Street in the City’s Central Business District. The City aims to secure a signature urban real estate development to enhance the street level vibrancy and catalyze on existing momentum of the surrounding area. The 400,000-square-foot building consists of an adjoining ten-story and a six-story vacant structure on approximately 0.946 acres.
 
Ninth and Plum Street Redevelopment Site RFP [New construction/adaptive reuse]: The redevelopment site at the northwest corner of Ninth and Plum streets in the Central Business District is poised for the next phase of Central Business District and Over-the-Rhine growth. The property represents one of the few available large development site opportunities in the neighborhood. The site is approximately 0.768 acres and consists of a 98-space public surface parking lot and a 17,920-square-foot building.
 
The RFP process for these opportunities consists of two phases. Phase 1 calls for the submission of qualifications and preliminary concept plans for the site, which will allow DCED to select finalist to submit more detailed plans associated with Phase 2 of the solicitation. The RFP process will require the developer to engage residents prior to finalizing their solicitation, and this will not replace the public engagement process.
 
NOFA [Residential]: The City will also announce the 2016 Notice of Funding Availability (NOFA), a process to provide stimulus for housing development. The City’s NOFA seeks exceptional homeownership, rental and infrastructure projects that make positive and visible impacts throughout Cincinnati’s 52 neighborhoods. Applications are currently available, and a pre-submission meeting is scheduled for Jan. 13, 2017. Applications are due March 17, 2017.
Approximately $6.5 million in funds will be allocated for the 2016 NOFA, and the following CoreFour neighborhoods will be targeted:
 
-       Avondale
-       Evanston
-       Walnut Hills
-       West Price Hill

Projects in any of Cincinnati’s 52 neighborhoods qualify for NOFA funding; however, the CoreFour targeted neighborhoods do receive scoring priority. CoreFour seeks to strategically align City funds with ongoing neighborhood development plans and efforts from public and private partners.
 
Project descriptions and more information can be found at http://bit.ly/DCEDCincinnatiCyberMonday


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