The Herald Building, Cincinnati, Ohio
Project Summary
- Project type:
Urban LEED Gold Certified Office/Mixed Use Development
- Project size:
3-stories; 46,000 square feet on .544 acres
- Client:
Al. Neyer, Inc. /Uptown Consortium, Inc.
- Reference:
- Franz A. Stansbury, Director Real Estate Development
- Uptown Consortium, Inc.
- 629 Oak Street
- Suite 306
- Cincinnati, Ohio 45206
- Office: 513.861.8726 ext. 16
- Jim Neyer, EVP Real Estate Development
- Al. Neyer, Inc.
- 302 W. 3rd Street
- Suite 800
- Cincinnati, OH 45202
- Office: 513.271.6400
Project Highlights
- As a non-profit organization made up of uptown Cincinnati’s five largest employers, the Uptown Consortium is serving as the master developer of a major redevelopment project encompassing a multi- block area of approximately 25 acres in the community of Avondale. A crucial element of the project is The Herald Building, home to the city’s award-winning African-American newspaper and offices for Cincinnati Children’s Hospital Medical Center.
- In 2006, the Uptown Consortium chose Al. Neyer, Inc. as The Herald Building’s development partner.
- Subsequently, Resurgence Group was retained as part of the team to assume responsibility for tasks that would help this building to set an enviable standard for the entire redevelopment project.
- - Land assemblage
- - Three-year negotiations which resulted in the acquisition and relocation of a US Postal Service site
- - Zoning
- - LEED Gold certification
- - Lease negotiations with two tenants which account for of 100% occupancy of the building
- - 15-year real property tax abatement through the City of Cincinnati’s LEED/CRA ordinance (the first project to be granted abatement under this ordinance)
- The project was completed in the Summer of 2009.