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.

MERCER COMMONS

COMPLETED

ESSENTIAL FACTS:

CONSTRUCTION PHOTOS: PHASE I

CONSTRUCTION PHOTOS: PHASE II

DEVELOPER: 3CDC & McCormack Baron Salazar (MBS)

LOCATION: Between East 13th & 14th streets bordered by Vine and Walnut streets

PROJECT COST: $49 million

UNITS: 95 (67 rental, 23 condos, 5 townhomes)

AVERAGE UNIT SIZE: 1,100 SF

 

All condominiums are sold, but for information on both affordable and market rate rental apartments at Mercer Commons, please send a message directly to MercerCommons@McCormackBaron.com.

 

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


PROJECT FUNDING

  • HTC — Historic Tax Credit Equity
  • NMTC — New Markets Tax Credit Equity
  • State — Jobs Ohio Loan
  • Loan — Conventional Loan
  • LIHTC — Low Income Housing Tax Credit Equity
  • City — City Grant
  • CEF — Cincinnati Equity Fund
  • CNMF — Cincinnati New Markets Fund

PROJECT SUMMARY

Mercer Commons is a mixed-use development including both the renovation of historic buildings and new construction on vacant parcels. The project yielded in total 67 apartments (30 of which are affordable units), 23 condominiums, 5 townhomes, 14,500 SF of commercial space, and a 340-space parking garage. It has helped to bridge the gap of development on Vine from the 1200 block to the 1400 block as well as create a connection to Walnut Street.

 

The project was divided into two phases of development. The first phase included the parking garage called “Mercer Garage,” 11 condos in 4 historic rehabs called “Mercer Historic,” 12 condos in a new-construction mixed-use building on Vine with 3,900 SF of commercial space called “One Mercer,” and 5 new construction townhomes on Mercer called “Mercer Townhomes.” The garage opened in May 2013, Mercer Historic in August 2013, Mercer Townhomes in October 2013, and One Mercer in May 2014.

 

The second phase included 13 historic rehabs and new construction yielding 67 mixed-income apartments and 10,600 SF of commercial space called “Mercer Commons.” Construction was completed in June 2014.

 

MERCER COMMONS Tenants

16-BIT BAR+ARCADE

16-Bit Bar + Arcade redefines how a night out is best played. With a name coined from the computer architecture that several of our 50+ vintage arcade games were built on, 16-Bit appeals to those looking for an alternative to the monotonous. From bar-going veterans to young open-minded, beer-centric types, to arcade game novices and enthusiasts, the nostalgic and playful vibe is for players of all types. The time has come to relive your childhood and party like it’s 1999, or 1989 for that matter.

Hours: Mon-Fri 4p-2:30a, Sat-Sun 12p-2:30a

Address: 1331 Walnut Street

SF: 4,595

Open Date: June 2015

Phone: (513) 381-1616

BIG MEDIA

Big Media is a digital solutions company for video production, editing, post production, motion graphics, interactive, web development and creative brand consulting. This “Go To” creative solutions digital production shop for agencies, brands and businesses was founded in Cincinnati but also has offices in LA and NYC.

Hours: Mon-Fri 8a-6p

Address: 1315 Walnut Street

SF: 798 + basement

Phone: (513) 315-1505

HOLTMAN’S DONUTS HEADQUARTERS

Needing some extra space to hold meetings and carry out other administrative tasks, Holtman’s Donuts moved into one of the office spaces in the newly completed Mercer Commons phase II, right around the corner from its OTR shop on Vine Street.

Address: 1345 Walnut Street

SF: 567

THE MERCER

This Italian-European restaurant from Jon Zipperstein, owner of Kaze, features a 60-seat dining room and a bar/lounge area with another 40 seats, giving off the vibe of a European bistro from its location in the One Mercer building.

Hours: Tue-Thu 4p-10p, Fri-Sat 4p-11p, Sun 4p-10p

Address: 1324 Vine Street

SF: 3,200

Open Date: November 2014

Phone: (513) 421-5111

WE HAVE BECOME VIKINGS

We Have Become Vikings is a group of rebels, rockers, thinkers and makers combining strategy and design to help clients tell stories through any means possible. Moving across all media channels that best serve the problem, they combine ideation with design thinking to create a unique story that exceeds expectations.

Hours:Mon-Fri 8a-5p

Address: 1349-55 Walnut Street

SF: 1,847 + basement

 

Phone: (513) 246-4264

 

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.