Developer unveils new details about former downtown Cincinnati Pogue’s Department Store apartment conversion

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A developer may build below-market-rate housing at a planned $38 million conversion of a former department store storage building.

Mark Hall, principal with ABC Realty Advisors LLC, which is planning to convert the former H&S Pogue’s Department store service building to 106 apartments, said he is considering applying for tax credits that would allow some of the apartments to be priced at 60% of the area median income.

an observation deck at the top of the building.

If successful, 310 Race St. would be one of the rare downtown housing projects that is not market rate.

In its heyday, the building, which sits on 0.22 acres, could hold 20,000 garments in a climate-controlled area. St. Louis-based Drury Development Corp. owned the building until a limited liability company associated with Hall closed on it Dec. 21, 2023, for $4.1 million, according to Hamilton County property records. The Hamilton County auditor values the property at $579,850. The building was last sold in 2000 for $1.75 million.

It was no longer used by the department store after 1966, according to city officials.

https://www.bizjournals.com/cincinnati/news/2024/01/08/pogues-department-store-apartment-conversion.html?cx_testId=40&cx_testVariant=cx_6&cx_artPos=0#cxrecs_s

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