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.

641 WALNUT STREET

COMPLETED

http://www.therighteousroom.com/

ESSENTIAL FACTS:

Developer: Four Entertainment Group

Location: 641 Walnut St.

Project Cost: $2.28 million

Units: 3

Average Unit Size: 1,000 SF

Commercial Space: 2,025 SF


PROJECT FUNDING

  • City — City Grant
  • Private — Private Investment
  • CNMF — Cincinnati New Markets Fund

PROJECT SUMMARY

This building at 641 Walnut Street was once home to the Phoenix Café, a troubled liquor establishment. It has been redeveloped as a mixed use project including three apartments and an upscale, 2,025 square-foot street level bar called The Righteous Room. The building is a great enhancement to the Backstage entertainment district.

641 WALNUT STREET Tenants

RIGHTEOUS ROOM

Located across from the Aronoff Center for the Arts, this bar and lounge caters to a young professional crowd including patrons of the arts, the after dinner crowd and the service industry workers from neighboring restaurants. The intimate, cool setting is brought to life with the artwork of local artists Shawna Guip and Paul Coors, as well as David Ellis of New York.

Hours: Mon-Sat 4pm-2:30am, Sun 8p-2:30a

Address: 641 Walnut Street

SF: 2,025

Phone: (513) 381-4408

 

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.