Port Authority Starts Demolition at Bond Hill Site to Make Way for $75M Redevelopment
By Adrian Maties, Associate Editor
The Port of Greater Cincinnati Development started work on Thursday, March 28, on a project that will redevelop the site of Cincinnati’s first multi-store open-air mall. Cincinnati Mayor Mark Mallory, Vice Mayor Roxanne Qualls, City Manager Milton Dohoney, Jr., Laura Brunner, President, CEO, Port of Greater Cincinnati Development Authority, and Hamilton County Commission President Chris Monzel were in attendance as construction crews started tearing down a vacant restaurant and the 32-foot billboard-style Swifton Commons shopping center sign.
The 400,000-square-foot Swifton Shopping Center opened in 1956, just six miles north of downtown in the center of the Greater Cincinnati region. It was acquired by the Allen Temple Real Estate in the late 1990s and renamed Jordan Crossing. At that time the property had less than a dozen commercial tenants.
The Port of Greater Cincinnati Development Authority acquired the 25 acres in Cincinnati’s Bond Hill neighborhood from the Allen Temple Real Estate Foundation on Feb. 19. Now the economic development agency will prepare and market the site for private development of office, residential, retail and a future hotel. It will do so with the help of a $6.2 million commitment from the city of Cincinnati and its Focus 52 program.
The massive redevelopment project is expected to cost $75 million. It will be one of the city’s largest redevelopment efforts outside of the Central Business District and Over-the-Rhine in recent years. Construction at the site is expected to begin next year.
Mayor Mark Mallory called it an important day for the Bond Hill neighborhood. “This redevelopment represents the city’s first investment injection from our new Focus 52 program fund, created just for transformational projects such as this one,” he said in a statement for the press.
“Today represents the first step in a several-year process to convert this key intersection back into a vibrant place to work, shop and live,” Laura Brunner said. “The Port Authority is prepared to be creative in how we work with the community to achieve a development that creates jobs and a sense of place.”
Photo credits: Google Maps.Tags: Allen Temple Real Estate Foundation, bond hill, Cincinnati, Cincinnati Lead Story, construction, Developers, Development, economy, Finance/Investment, Financiers, Hospitality, Local, mark mallory, mixed-use, multi-family, National, Office, Regional, retail, Swifton Shopping Center, The Port of Greater Cincinnati Development