Five Cincinnati projects receive over $9 million in state historic tax credits

The Ohio Development Services Agency recently awarded $27.8 million in state historic tax credits. Twenty-six organizations across the state plan to rehab a total of 39 buildings, which on the state level, will leverage about $261.4 million in private investment.
 
Many of the buildings that received Ohio Historic Preservation Tax Credits in this round are vacant and generate little to no economic activity.
 
Five high-profile projects in Cincinnati received a total of just over $9.3 million in state historic tax credits.  
 
Crosley Building, 1333 Arlington St., Camp Washington
Received $5 million in tax credits
Built in 1930 by Samuel Hannaford and Sons, 1333 Arlington housed the headquarters of the Crosley Radio Corporation. The nine-story, 300,000-square-foot building (and an adjacent building) will be redeveloped into 324 market-rate apartments. This is the first state historic tax credit awarded to Camp Washington.
 
Film Center Building, 1632 Central Parkway, Over-the-Rhine
Received $1.07 million in tax credits
In its heyday, the Film Center Building was one of several buildings in OTR that served the film industry. Urban Sites plans to redevelop the first floor of the now vacant building into office and restaurant space. The upper floors will house 46 rental units with a mixture of studio, and one- and two-bedroom apartments.
 
Market Square II, 1807-1830 Elm St., 127 Findlay St., 1827 Logan St., OTR
Received $1.7 million in tax credits
The second phase of Model Group’s Market Square will include the renovation of 10 historic buildings, as well as one new build. This phase of the project will include 55 apartments, plus 24,000 square feet of ground-floor commercial space.
 
Strietmann Biscuit Company Building, 223-235 W. 12^th St., OTR
Received $1.2 million in tax credits
Built in 1899, these buildings used to house the Strietmann Biscuit Company. After the company moved to a new facility in the 1940s, the building became home to a number of mixed-use and small businesses. It now sits vacant, but Grandin Properties plans to rehabilitate it into office space for 10-15 businesses, with a first-floor restaurant space.
 
771 and 772 E. McMillan St., Walnut Hills
Received $250,000 in tax credits
Walnut Hills Redevelopment Foundation and a few private developers will be working to redevelop three buildings, two of which are historic. The Hamilton Building, located at 771 McMillan, was built in 1883 as a single-family residence. It was converted into apartments, and has been vacant since 1981. 772 McMillan is a mixed-use building with three commercial spaces on the ground floor and apartments above; the apartments have been vacant since the mid-1970s, and the ground floor since 2004. Plans include seven apartments and a restaurant or bar at street level. The third, non-historic building is 2504 Chatham St., which will see the rehabilitation of six vacant apartments.