Project Leaders Celebrate Completion of Mixed-Use Development at 15th & Vine
Posted on April 12, 2018 by aatkinson
Building Brings 45,000-square-feet of Office Space to OTR
CINCINNATI (April 12, 2017) – Leaders from the City of Cincinnati, Cincinnati Center City Development Corp. (3CDC), TriVersity Construction, First Financial Bank and City Studios Architecture gathered this morning to celebrate the completion of the brand new, 55,000-square-foot mixed-use commercial development located at 15th & Vine streets in Over-the-Rhine. The ceremony was held on the rooftop terrace of the new five-story structure. The building’s first street-level retail tenant, a restaurant called Sacred Beast, also celebrated its official grand opening.
The building, which has 11,500-square foot floorplates on three floors, along with a top floor with more than 7,900-square feet of space plus a rooftop terrace, and 10,000-square-feet of street-level retail space, is owned by 3CDC. It boasts open, exposed ceilings, polished concrete floors, floor-to-ceiling windows and an open three-story atrium.
Unique in its design, the structure spans from 1425-1437 Vine Street, and also includes 5 W. 15th Street. Prior to the renovation and construction of the 15th & Vine development, the buildings and lots at this corner had become run down and dilapidated after sitting vacant for nearly 10 years. The existing buildings were redeveloped into a five-story property that integrates the facades of four historic buildings, combined with modern new construction. While large floorplate offices like these are rare in Over-the-Rhine, building into and around these facades allowed 3CDC to create large floorplates while still preserving the historic characteristics of the building.
Construction on the $19.5 million project, which was financed by First Financial Bank, US Bank and Cincinnati Equity Fund (CEF) II, and utilized New Markets Tax Credits, began in 2016.
3CDC served as the developer on the project, and placed a significant emphasis on making it an inclusive effort. TriVersity Construction Co., a minority-owned business, served as the construction manager. Interior and exterior design work was done by City Studios Architecture, a woman-owned business. Many of the major subcontractors on the project are also minority- or women-owned businesses.
Sacred Beast, a modern diner serving classic fare with a refined spin, officially opened its doors to the public at 11 AM today. From Matzo Ball Soup to Deviled Eggs and Burgers, the menu has something for everyone. Located in one of the 15th & Vine project’s street-level retail spaces, co-founders and spouses Jeremy & Bridget Lieb were excited to introduce the neighborhood to the new eatery.
The restaurant will be open from 11 AM to 1 AM Monday through Thursday, 11 AM to 2:30 AM on Friday and Saturday, and from 10:30 AM to 1 AM on Sunday.
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