Location: 625 Eden Park Drive, Cincinnati, Ohio 45202
Neighborhood: Walnut Hills
Developer: Neyer Properties Inc.
Project Type: Real Estate Development
Description: The redevelopment of the Baldwin complex, which consists of the 180,000-square-foot historic Grand Baldwin office building, the 200,000-square-foot Baldwin 200 office building, a 1,250-space parking garage and vacant land to the south of the parking garage. The redevelopment of the complex will consist of the renovation of the Grand Baldwin into 189 market rate apartments and the repair of the parking garage.
Total Investment: Approximately $40 million
Type of City Assistance: The City provided a Project-Based Urban Redevelopment TIF Rebate and a Project TIF.
Innovations: Use of Project-Based Urban Redevelopment TIF Rebate for financing. This allows developers to attract additional capital for high-impact projects while adjusting the amount of City incentive based on project performance.