Port of Greater Cincinnati Development Authority votes to buy Crosley building

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The Port of Greater Cincinnati Development Authority has voted to purchase the Crosley building in Camp Washington, one of the city’s most iconic vacant, former manufacturing sites, although its plans for the structure continue to be under consideration.

The Port believes the nine-story, 329,400-square-foot building, located at 1333 Arlington St., could bring a $90 million-$100 million investment.

The Port currently is looking at the building’s opportunities and constraints, said Melissa Johnson, the Port’s vice president for industrial development.

“It’s a pretty solid building,” Johnson said.

Assuming the sale goes through, the Port will be the latest owner for the Crosley building, which has seen two major redevelopment plans in the past decade.

The city rezoned the Crosley building in 2021 from manufacturing to a planned development, which would allow Indianapolis-based TWG Development, the current owner, to turn the Samuel Hannaford-designed former factory into 200 apartments.

Before TWG, Indianapolis-based Core Redevelopment proposed a 324-unit, market-rate development.

The Port also has a longer-term strategy to convert underused or vacant industrial properties back to use as advanced manufacturing sites, bringing new jobs to the region.

https://www.bizjournals.com/cincinnati/news/2024/01/19/cincinnati-port-authority-votes-crosley-building.html

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