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.
BELMAIN
COMPLETED
http://www.3cdc.org/rent-an-apartment/ESSENTIAL FACTS:
Developer: Urban Sites
Location: 1202 Main St.
Project Cost: $2.3 million
Units: 16
Average Unit Size: 680 SF
Average Unit Rental Price: $800
Commercial Space: 2,811 SF
PROJECT FUNDING
- CNMF — Cincinnati New Markets Fund
- City Grant — City of Cincinnati Grant
PROJECT SUMMARY
The Belmain, at 1202 Main St., is a LEED certified ‘green’ building in Over-the-Rhine. LEED certification is a nationally recognized benchmark for high-performance, environmentally-friendly buildings, allowing the projects to qualify for a 10 year tax abatement. Each of the 16 lofts has one bedroom and one bath, access to one dedicated parking spot, and an indoor community bicycle room. The Belmain is tobacco free; no smoking is permitted in or around the building. The project was financed with $2.7 million from the Cincinnati New Markets Fund.
Park + Vine currently operates within the 2,800 SF street-level commercial space, although 3CDC sold the commercial space and owns the apartment building only.
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.
