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Teespring Picks Hebron for $22M Production Facility

19 Sep 2014, 9:46 pm

By Adrian Maties, Associate Editor

Teespring Inc., a San Francisco-based custom T-shirt manufacturer, plans to invest $22 million in a new production facility in Hebron. The project will create nearly 300 new jobs in the area.

Located on Aviation Boulevard, Teespring’s 105,000-square-foot plant scheduled to come on line next year, said Governor Steve Beshear in announcing the project. Teespring will also buy 60 presses and other equipment.

Since its launch in 2011, Teespring has used a network of suppliers to fulfill orders for custom T-shirts used in fundraising campaigns. The Hebron facility will allow the company to bring more of that production in-house.

“Teespring is very excited to launch our first production and fulfillment facility in northern Kentucky,” said Teespring CEO Walker Williams in a statement. “We believe the talent in this area in the fields of technology, maintenance, production and fulfillment, combined with the cultural alignment of Teespring and the community, lends itself to the perfect opportunity of creating a world-class facility.”

Noting that Kentucky edged Texas in the competition for the project, Governor Beshear credited the win to the Commonwealth’s tax structure, skilled labor and strong shipping hubs. Teespring’s project also received preliminary approval from the Kentucky Economic Development Finance Authority for up to $2.5 million in tax incentives through the Kentucky Business Investment program.



M/I Homes, David Sehlhorst Plan Almost 300 New Homes

13 Sep 2014, 12:58 am

By Adrian Maties, Associate Editor

More homes are coming to Cincinnati. Two developers plan to star work in the coming months on almost 300 new homes.

M/I Homes of Cincinnati L.L.C., one of the largest home builders in the region, plans to build a, 140-acre single-family community on the east side of the intersection of Princeton and Butler-Warren roads, in Deerfield Township. Called Roberts Park, the community will feature 189 ranch and two-story homes, each with its own basement, as well as other amenities.

The Cincinnati Business Courier reports that M/I Homes plans to invest $80 million in the project. Greg Williams, president of the firm, told the newspaper that infrastructure improvements at the site are scheduled to start this month, with the construction of the first home expected to begin in December or January. Roberts Park will be developed in four phases.

M/I Homes will first start work on the 95-foot-wide lots, as it believes that larger homes are more in demand at the moment. These homes will range in price from $400,000 to $600,000. Phase II , scheduled to start next summer, also includes 72 feet wide lots. Prices for those smaller homes will range between the mid-$300,000s to about $500,000.

The Business Courier also reported that developer David Sehlhorst is working on creating a $30 million community in Sayler Park. Called Winding Walks of Sayler Park, the community will occupy 26 acres on Hillside Avenue and will feature 100 homes. The cost of the project is $30 million.

Winding Walks of Sayler Park broke ground last month. It will be developed in four phases, over the next three years. According to the Business Courier, David Sehlhorst has invited Roell Building and Remodeling and CW Custom Homes to build at the site. The first lots are expected to be ready for construction early next year.

Homes will be a minimum of 1,500 square feet in size, with no upper limit. They will feature two-car garages, LEED certtification and prices averaging $300,000. Winding Walks will also include more than 3.5 acres of green space.

Photo credits: www.windingwalks.com



After $50M Renovation, Historic Bartlett Building is Reborn as a Renaissance Hotel

7 Sep 2014, 6:01 pm

By Adrian Maties, Associate Editor

Following the $50 million renovation of an historic office building, Renaissance Hotels officially unveiled the Renaissance Cincinnati Downtown Hotel in late August.

Located at 36 East Fourth St., the new full-service hotel is housed in an 18-story building designed by the noted Chicago architect Daniel Burnham and completed in 1901. Since then it has been known variously as the Union Trust Building and the Bartlett Building.

For three years, the building reigned as the tallest in Ohio and was the city’s tallest for 12 years. It is listed on the National Register of Historic Places. Prior to its reopening as a full-service hotel, the building had sat vacant since 2010.

The Renaissance Cincinnati Downtown offers 284 guest rooms, 40 executive suites, 14,380 square feet of meeting and event space and a destination restaurant named after Daniel Burnham, among other amenities.

“We want to create an experience that invites our guests to discover the very best of Cincinnati, from its vibrant arts scene to the very best in local entertainment and culinary adventures,” said Keoni Christensen, the hotel’s general manager, in a statement.

Photo credits: www.marriott.com



SpiceFire Plans January Move to Saengerhalle in Over-the-Rhine

17 Aug 2014, 5:04 pm

 By Adrian Maties, Associate Editor

After outgrowing its quarters in downtown Cincinnati, SpiceFire, a brand innovation consultant, will relocate next January to the booming Over-the-Rhine neighborhood.

Currently located at 30 Garfield Place, SpiceFire will move into a 7,500-square-foot space in Saengerhalle, an historic 29,000-square-foot building located on Race Street near Washington Park. SpiceFire’s future headquarters is currently occupied by the Cincinnati Center City Development Corp. 3CDC collaborated with NorthPointe Group on a redevelopment of Saengerhalle that was completed in 2010.

For its part, 3CDC will depart Saengerhalle for the Pabst Bedding Warehouse building at 12th and Walnut Streets following a $7.8 million renovation.

At Saengerhalle, SpiceFire’s new neighbors will include Northpointe Group, Bayer & Becker, 4EG, Necco, Munoz Agency, Kurt Platte, KMK and JYS Productions, as well as Zula Restaurant and Wine Bar. Most have long-term leases. In a statement, 3CDC said that it is completing a lease with a restaurant and bar for first-floor space and two tenants for second-floor office space.

“We are excited to join the Over-the-Rhine creative community and become a part of the innovation hub that has been built by such companies as Centrifuse, the Brandery and others,” said Tammy Cahill, a SpiceFire partner, in a statement. “I can’t think of a better location to fuel our momentum and advance our vision of inspiring and igniting brand growth.”

According to CBRE Group Inc., the office vacancy rate in the Cincinnati metro area has declined from 23.1 percent in the second quarter of 2013 to 21.5 percent in the second quarter this year. During the first half of 2014, prices ticked up from $18.80 in the first quarter to $18.88 in the second quarter.

Charts courtesy of CBRE.

 



AVANA Capital, Middletown Hotel Management Team on Hotel/Event Center in West Chester

11 Aug 2014, 1:08 am

By Adrian Maties, Associate Editor


A new hotel and event center is coming to West Chester. A partnership of Middletown Hotel Management and AVANA Capital plan an Aug. 27 groundbreaking for the project, dubbed Center Park. It will feature a 130-key Holiday Inn, an event center that will accommodate 650 guests, Ohio’s first Johnny’s Italian Steakhouse  and a “Blue” Lounge.

AVANA and Middletown did not disclosed the cost of the project, but said that they expect to open Center Park in the fall of 2015. In a statement, the partners predicted that Center Park ”will be an anchor for the township and a Butler County tourism draw for years to come.” The project is expected to create up to 135 new full-time and part-time jobs.

State and local officials are expected to attend the private groundbreaking ceremony at 5800 Muhlhauser Road, including Senator Bill Coley and representatives of Speaker of the House John Boehner and Gov. John Kasich.

Mason-based HiFive Development will construct the facility, which the developers say will incorporate a variety of environmentally friendly features: LED lighting, a rooftop energy management system, and acoustical separation to minimize noise.

“The can-do attitude of the AVANA Capital people was key to bringing this project to life,” Bob Ritter, Vice President of Operations for Beavercreek-based Middletown, said in a statement. “Financing was a challenge and without their help, we wouldn’t be as far along. They had patience and made sure all requirements were met.”

”We are excited to help in creating a major hub of business and activity with Middletown Management’s team, as well as our bank lending partners, IAB Financial of Fort Wayne, Ind., and Metro City Bank of Atlanta,” added Sanat Patel, Managing Partner of Glendale, Ariz.-based AVANA. “There will be new jobs, a great new event venue, new dining and entertainment options, and a new destination for tourists and business travelers. “

Rendering: Middletown Hotel Management







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