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.

WASHINGTON PARK

COMPLETED

http://www.washingtonpark.org

ESSENTIAL FACTS:

Developer: City of Cincinnati, Cincinnati Park Board, 3CDC

Design Team: BHDP Architecture, Human Nature, THP Limited, KLH Engineers, M-E Companies, inc.

Location: 1230 Elm Street

Project Cost Estimate: $48 million

Uses: Public green space, parking garage

Size: 8 acres


PROJECT FUNDING

  • Grants — Philanthropic Grants
  • JobsOH — Jobs Ohio Loan
  • Loan — Commercial Mortgage
  • City — City Grant
  • CEF — Cincinnati Equity Fund
  • NMTC — New Markets Tax Credit Equity

PROJECT SUMMARY

The $48 million 2012 renovation and expansion of Washington Park was a public /private partnership among 3CDC, the City of Cincinnati, the Cincinnati Park Board, and the Cincinnati corporate and philanthropic community. This partnership resulted in the transformation of Washington Park from six acres to an 8-acre urban sanctuary. In addition to becoming a stand-alone destination, the restoration and expansion of Washington Park compliments its surrounding amenities, including Music Hall, the new School for Creative & Performing Arts and on-going residential and commercial development around its edges. The Washington Park restoration included a 450-space underground parking garage, a performance stage, civic lawn, event plaza, interactive water feature with lights and sound, children’s playground, dog park, restored historic bandstand, seasonal planting beds, and a half-acre of meandering pathways through beautiful, mature landscaping. The Park will continue to attract more home owners, business owners and visitors to Over-the-Rhine from throughout the City, the region and the nation.

 

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.