The State of Ohio’s Department of Development has officially awarded the new convention headquarters hotel a $40 million Transformational Mixed-Use Development (TMUD) Tax Credit. This is an essential piece of funding for the $480 million project, without which construction of the new hotel would likely not be possible. The tax credit will generate approximately $35 million in equity to the project, providing critical gap financing. Meanwhile, the hotel remains in the design phase.
The reimagined Duke Energy Convention Center continues to progress through the design phase, with final renderings of the building’s façade having recently been shared with the public. Separately, a cooperative agreement between 3CDC, Hamilton County, the City of Cincinnati, and PORT authority is being finalized as the project’s design team continues to work on design development.
Design Development drawings for the Findlay Community Center and Grant Park are nearing completion. Once finalized, the contractor will update the construction estimate. To receive ongoing project updates, please email FindlayRec@3CDC.org.
At The Annie, the first eight apartment units at 218 W 12th Street are now complete. The remaining nine units are on track for completion in the coming weeks. At 216 W 12th Street, the installation of flooring is nearly complete, cabinetry has been installed, and tilework and painting are complete. Apartments in both buildings will be available for lease this Spring.