While much economic development and private investment has been anticipated for Over-the-Rhine, Main Street through the Central Business District also poses a huge opportunity for growth along the phase one route of the Cincinnati Streetcar.
The $400,000 redevelopment will create 20 apartments on the building’s upper floors, and will renovate the 92-year-old structure’s 6,705 square feet of street-level retail. The project will also be built to LEED certification standards.
On Monday, August 5, City Council approved an ordinance authorizing a 12-year tax exemption for 100% of the value of the improvements made to the property as part of this agreement.
Sitting at the northeast corner of 9th and Main Streets, the building has long housed B/G Diner, which is a staple among those working at the Hamilton County Courthouse. There is no word as to what will happen with the B/G Diner itself, but rumors indicate that the owners may be interested in moving on.
Main Street is one of the few streets through the Central Business District that still boasts its historic character, while also being the home of many long-time family businesses. It will be interesting to see what happens with all the structures along this stretch, as many have upper floors that are not utilized at the moment and could become residences or office space.
More growth. More progress.