Cincinnati, OH

67-unit mixed-use renovation up for review — 530 Walnut St

Reviewed Oct 14 · outcome not yet confirmed

Every project links to the city packet it came from.

City Council passed an emergency ordinance authorizing a Funding Agreement with 530 Walnut LLC, an affiliate of Urban Sites Capital Advisors, LLC, to facilitate the renovation of an existing building into a mixed-use development with approximately 63,117 square feet of residential space containing 67 rental units and 3,150 square feet of commercial space, backed by $2,900,000 in TIF funding.

Budget: $2.9M

What happened

Council approved a funding agreement and $2,900,000 appropriation for Urban Sites to renovate 530 Walnut Street into 67 residential units and commercial space.

Why it matters

The multi-unit residential and commercial renovation will require extensive interior buildout, structural reinforcement, and comprehensive MEP upgrades.

Timing

With the funding agreement and TIF allocation approved by council, construction planning and subcontractor selection are set to proceed.

Source: cincinnatioh.legistar.com