Entries by Alex Papa

$50 million transformation planned for this corner of Fourth Street

$50 million transformation planned for this corner of Fourth Street Two Cincinnati business leaders with a passion for the city are working together to redevelop a critical corner of downtown Cincinnati. Last year, I reported on Model Group’s plans to purchase the Mercantile Library Building, convert most of it to apartments and double the size of the building’s […]

Cincinnati added $515 million in projects in first quarter of 2022

Cincinnati added $515 million in projects in first quarter of 2022 Even with rising material costs and labor shortages, Greater Cincinnati development and construction activity remained strong to start 2022. Since the last time the Business Courier updated the Crane Watch map in early January, 15 projects have been added, with a total estimated development cost of […]

$30 million retail developments coming to Oakley

$30 million retail developments coming to Oakley A local commercial real estate developer is working on two retail developments in Oakley. Morelia Group, a real estate investment trust that owns shopping, dining, entertainment and mixed-use developments, has started construction on the Crossings of Oakley, a 20,000-square-foot retail development at the northeast corner of Madison Road […]

Omicron, flight-to-quality: What’s expected for 2022’s office-market recovery

Omicron, flight-to-quality: What’s expected for 2022’s office-market recovery It remains too early to tell what the ripple effects from the recently discovered Omicron variant will be but it may impact the office market in early 2022. Richard Barkham, global chief economist and global head of research at CBRE Group Inc. (NYSE: CBRE), said during a […]

Infrastructure package will bolster construction industry but inflation, labor will remain challenges in 2022

Infrastructure package will bolster construction industry but inflation, labor will remain challenges in 2022 The $1 trillion infrastructure package recently signed into law by President Joe Biden is largely expected to be a boost for the construction industry. But where firms will find workers to complete these projects is a big question the industry is […]

$40 million office building planned next to TQL Stadium

$40 million office building planned next to TQL Stadium FC Cincinnati’s ownership group plans to renovate an existing industrial building next to the team’s stadium in the West End into a class A office building. The project, known as Pitch Side Center, would redevelop the former Tri-State Wholesale Building Supplies property into 110,000 square feet […]

$35 million development bringing 150 jobs planned in western Hamilton County

$35 million development bringing 150 jobs planned in western Hamilton County A national developer is planning a $35 million project on the west side of Hamilton County. Hillwood Development Co. LLC, a Perot company, plans to build a 535,000-square-foot industrial building in Harrison. The developer has about 36 acres of land under contract at Simonson […]

Port approves financing for major West Side project

Port approves financing for major West Side project The Port of Greater Cincinnati Development Authority approved an assistance package that will help the $17.6 million Warsaw Creative Campus in East Price Hill become a reality. The Port’s board agreed Wednesday to assume ownership of the 0.76-acre, seven-parcel site from 3108 to 3120 Warsaw Ave., which […]