Crawford Hoying plans $150 million development adjacent to Hamilton’s Spooky Nook

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The city of Hamilton could be the site for a massive mixed-use development that includes a hotel and over 100 apartments if redevelopment plans for a former recycling plant move forward.

Crawford Hoying, the new owners of the Banks along Cincinnati’s riverfront, is proposing a $150 million mixed-use development at the Cohen Recycling site at 555 N. 3rd St.

Crawford Hoying is seeking a $3 million forgivable loan from the city of Hamilton in exchange for purchasing and developing the Cohen Recyling site, Smith said. To have the loan forgiven, the firm would need to complete $150 million of development by 2036.

The $150 million in development is expected to come through Phase I of the project, which is expected to have three phases total. Phase I would consist of 176 apartments, a 120-room hotel, 5,000 square feet of commercial space and six townhomes.

Other features of the site that would be in later phases of the project include a food hall, green space, rooftop amenities and more. Smith said Crawford Hoying would like to activate space along the riverfront as well.

Smith said the project is also an indicator of why Spooky Nook, the over 1 million-square-foot sporting complex, is an important project. He believes projects like this wouldn’t be possible in Hamilton without Spooky Nook’s existence.

Crawford Hoying has developed similar projects throughout Ohio, with one of its most notable being Bridge Park in Dublin.

https://www.bizjournals.com/cincinnati/news/2023/06/21/banks-development-hamilton-spooky-nook-mixed-use.html

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