Cincinnati Entrepreneur Signs Lease With 3CDC for Second Downtown Space
Posted on December 19, 2022 by aatkinson
New Sports and Entertainment Concept Coming to The Foundry
CINCINNATI (Dec. 19, 2022) –Further Concepts and Investors is partnering with the Cincinnati Center City Development Corp. (3CDC) once again to bring a new concept to Downtown Cincinnati – this time, one that revolves around sports and entertainment. The hospitality management company, owned by Tyler Wogenstahl, recently signed a lease for an 8,000-square-foot street-level space located at 500 Race Street in 3CDC’s mixed-use Foundry development.
Wogenstahl’s newest endeavor will be a social gathering space for any occasion from grabbing a drink after work to catching a game with some friends. He wants it to be known as a place that’s relaxing, welcoming and fun – a place for large groups to hang out, watch a game, celebrate an important event or simply unwind after a long day. The new, casual concept promises an approachable menu with affordable prices. Its chef-driven American cuisine will include Cincinnati favorites and a little southern flare with brunch, lunch, dinner and late-night options when it opens in late 2023.
“The new space is surrounded by fine dining establishments – but this will be something different. This will be a place you can show up in a suit or a sweatshirt and fit right in – a place that gets people excited to go out, socialize and have fun again,” Wogenstahl said. “Further Concepts and Investors also owns the Voices of America Country Music Festival, so entertainment is in our DNA. We will definitely be incorporating lots of entertainment into this new concept.”
Wogenstahl’s company is currently working with Durham, a Covington-based branding firm, to determine a name for the new concept. He hopes to incorporate some of the history of the space and surrounding area into the name. Additionally, the company is working with GBBN to design the space to fit Wogenstahl’s vision.
In September, Further Concepts and Investors and 3CDC also announced plans for an elevated sushi concept, Baru, which is scheduled to open in a street-level space at 84.51° in early 2023. Wogenstahl’s work on Baru, and combined success with other concepts like Lori’s Roadhouse in West Chester, made 3CDC’s decision to partner with the company on a second downtown business an easy one.
“Tyler is a proven operator with a lot of experience under his belt. We’re confident that he will bring the space to life in a great way,” said Lindzie Gunnels, senior commercial leasing officer at 3CDC. “We’ve really been working to create a connection between Fountain Square and the Convention Center District, and the addition of this new concept will help fill that void with more activated commercial space.”
Spending so much time at 84.51° during the buildout of Baru, Wogenstahl continued to pass by the open commercial space at The Foundry that formerly housed Macy’s department store. Having grown up in Cincinnati, he recognized and admired the round storefront and large windows at the corner of 5th and Race streets and ultimately decided it was the perfect place for his new concept, which is estimated to open during the second half of 2023.
“The old Macy’s storefront is an iconic piece of Downtown Cincinnati,” said Wogenstahl. “So many people walk by on a daily basis because of The Foundry’s central location. I think it’s going to be a great gathering space for everything from sporting events to live music that will grow and develop into a downtown staple.”
Adding Wogenstahl’s new concept to the mix, the street-level space at The Foundry will be roughly 81% leased, including tenants Royce and Jeff Ruby’s Steakhouse, both of which opened their doors earlier this year. Five Iron Golf will also open to the public in early 2023. The 150,000 square feet of office space on the upper floors of The Foundry has been fully leased, already housing Deloitte and Turner Construction. A third office tenant, Divisions Maintenance Group, will move into its new space in the second quarter of 2023.