3CDC is a non-profit, real estate development and finance organization focused on strategically revitalizing Cincinnati’s downtown urban core in partnership with the City of Cincinnati and the Cincinnati corporate community.  Our work is specifically focused on the central business district and in Over-the-Rhine.

21C MUSEUM HOTEL

COMPLETED

http://www.21cmuseumhotels.com/cincinnati/

ESSENTIAL FACTS:

Visit 21c Museum Hotel Cincinnati

Developer: 21c Cincinnati

Location: 609 Walnut St.

Project Cost: $57.8 million

Uses: 156-room hotel, art museum, public exhibition space and restaurant

 

CLICK HERE for a video from the Finance Fund about the Ohio New Markets Tax Credit program which made this project possible.


PROJECT FUNDING

  • CNMF — Cincinnati New Markets Fund
  • TIF — City Project-Based TIF
  • Private — Private Investment
  • Historic Equity — Historic Tax Credits
  • NMTC — New Markets Tax Credits
  • City Grant — City Grant

PROJECT SUMMARY

In November 2009, 3CDC purchased the Metropole Hotel on Walnut Street. This historic building, adjacent to the Dick and Lois Rosenthal Center for Contemporary Art, was restored to its original purpose as a hotel by 21c Museum Hotel LLC.

Cincinnati was the second 21c location to open. 21c Museum Hotel Louisville was named the number one hotel in the U.S. and top 10 in the world by Conde Nast Traveler magazine. 21c Museum Hotel Cincinnati includes 156 rooms, a contemporary art museum with more than 8,000 SF of public exhibition space, Metropole restaurant and multiple meeting spaces. The hotel and restaurant opened in November 2012.

 

3CDC is a non-profit, real estate development and finance organization focused on strategically revitalizing Cincinnati’s downtown urban core in partnership with the City of Cincinnati and the Cincinnati corporate community.  Our work is specifically focused on the central business district and in Over-the-Rhine.