30 Jun 2021
Today, the Ohio Development Services Agency awarded $35,863,038 in Ohio Historic Preservation Tax Credits for the rehabilitation of 51 historic buildings. Together, the projects are expected to leverage $368 million in private investments in 13 communities.
“Preserving these historic buildings will transform our communities,” said Lydia Mihalik, director of the Ohio Development Services Agency. “The restored buildings are part of the charming neighborhoods that will keep our students here and attract new businesses to our great state.”
The awards will assist private developers in rehabilitating historic buildings in downtowns and neighborhoods. Many of the buildings are vacant today and generate little economic activity. Once rehabilitated, they will drive further investment and interest in adjacent property. Developers are not issued the tax credit until project construction is complete and all program requirements are verified.
The Ohio Historic Preservation Tax Credit program is administered in partnership with the Ohio History Connection’s State Historic Preservation Office. The State Historic Preservation Office determines that a property qualifies as a historic building and that the rehabilitation plans comply with the U.S. Secretary of the Interior’s Standards for Rehabilitation.
The Round 26 Ohio Historic Preservation Tax Credit recipients in Greater Cincinnati are:
56 E. McMicken – Rear (Cincinnati, Hamilton County)
Total Project Cost: $821,384
Total Tax Credit: $101,405
Address: 56 E. McMicken Ave. – rear
Originally constructed around 1865, this building is tucked behind neighboring buildings. Previously residential in use, it has been vacant and neglected for decades. Years of neglect have destroyed many of the historical features, so new compatible features and systems will be added for the five new residential units.
60 E. McMicken (Cincinnati, Hamilton County)
Total Project Cost: $1,370,000
Total Tax Credit: $224,000
Address: 60 E. McMicken Ave.
The project at 60 E. McMicken includes two c. 1870 brick buildings that have been vacant for around 30 years. After rehabilitation, they will hold five residential units and one commercial space on the ground floor.
116 E. McMicken (Cincinnati, Hamilton County)
Total Project Cost: $1,796,000
Total Tax Credit: $250,000
Address: 116 E. McMicken Ave.
Dating to around 1859, this project includes two buildings on the same parcel; a larger one fronts East McMicken with a smaller one at the rear of the property. The front building held a first-floor commercial space with apartments above while the rear building was residential. After rehabilitation is complete, there will be 10 apartments and one commercial space.
118 Findlay Street (Cincinnati, Hamilton County)
Total Project Cost: $2,304,702
Total Tax Credit: $225,000
Address: 118 Findlay St.
Part of a larger revitalization project near Cincinnati’s Findlay Market, this building will be rehabilitated for commercial use on the first floor with seven residential units on the upper floors. The building is currently vacant and in disrepair with many missing and boarded windows and non historic finishes. During the rehabilitation project, historic features that can be repaired will be retained, and new finishes will be added where nothing remains. The historic cast iron storefront will be repaired and the infill removed to reopen the windows.
1629 Vine Street (Cincinnati, Hamilton County)
Total Project Cost: $2,402,641
Total Tax Credit: $237,885
Address: 1629 Vine St.
Mostly gutted by a previously abandoned rehabilitation project, this mixed-use building in Cincinnati’s Over-the-Rhine neighborhood will undergo a comprehensive rehabilitation. Upon completion, the building will house eight apartments and one commercial space on the ground floor.
1633 Vine (Cincinnati, Hamilton County)
Total Project Cost: $1,512,749
Total Tax Credit: $149,777
Address: 1633 Vine St.
Located in an area of Over-the-Rhine that hasn’t yet seen a lot of reinvestment, this mixed-use building will be rehabilitated to serve as it was built with commercial use on the first floor and four apartments above. Vacant for several years, the c. 1880 building underwent a partial rehab by previous owners but remained unfinished.
1633 Vine – Rear (Cincinnati, Hamilton County)
Total Project Cost: $796,020
Total Tax Credit: $78,814
Address: 1633 Vine St. – rear
This building is a small commercial structure in the back lot of a larger building facing Vine Street. Once housing a tin shop, the upper story features unique architectural details such as a hoist beam and door. After years of neglect and vacancy, the building will be converted to two apartment units.
1701 Race Street (Cincinnati, Hamilton County)
Total Project Cost: $2,369,106
Total Tax Credit: $234,565
Address: 1701 Race St.
Part of a cluster of three adjacent buildings all funded this round, 1701 Race is a four-story (plus attic) brick Italianate building. Two ground-floor commercial spaces and six apartments on the upper floors will be reactivated in this project. Original historic features, such as wood trim and the stairways, will be repaired as well as exterior features, such as the distinct windows and cornice.
1703 Race Street (Cincinnati, Hamilton County)
Total Project Cost: $1,978,558
Total Tax Credit: $195,897
Address: 1703 Race St.
Part of a cluster of three adjacent buildings funded this round, 1703 Race was built in approximately 1876 and has first-floor commercial with two floors of apartments above. Historically a saloon, future use plans include a bar/restaurant tenant.
1705 Race Street (Cincinnati, Hamilton County)
Total Project Cost: $1,953,130
Total Tax Credit: $193,379
Address: 1705 Race St.
Part of a cluster of three adjacent buildings all funded this round, 1705 Race was built in the ubiquitous Italianate style of Over-the-Rhine. The building holds a first-floor commercial space along with five residential units above. The commercial space, previously converted to residential, will be reversed and the storefront reinstated.
1720 Elm Street (Cincinnati, Hamilton County)
Total Project Cost: $2,395,505
Total Tax Credit: $235,000
Address: 1720 Elm St.
This three-story brick Italianate building near Cincinnati’s Findlay Market is included in a larger revitalization project. Like so many other Over-the-Rhine buildings, 1720 Elm St. served as commercial space on the first floor with apartments above. Once completed, the project will retain this use, with an office tenant on the ground floor and residential units above.
1808 Elm Street (Cincinnati, Hamilton County)
Total Project Cost: $2,049,838
Total Tax Credit: $200,000
Address: 1808 Elm St.
A small building that is included in a larger revitalization project in Cincinnati’s Findlay Market area, 1808 Elm is an example of the significance of historic vernacular structures. After several years of vacancy, the three-story building will once again be home to five families and hold commercial space on the first floor. Built around 1865, much of the historic features have been lost, but remaining features, such as stairs, wood trim, and plaster, will be retained and repaired.
City’s Gospel (Cincinnati, Hamilton County)
Total Project Cost: $1,710,000
Total Tax Credit: $187,500
Address: 1419 Elm St.
Constructed in 1925 as the First Italian Presbyterian Church, this building served as a church and later as the City Gospel Mission until 2015. Vacant since then, the rehabilitation project will convert the building into four residential units.
Gwynne Building (Cincinnati, Hamilton County)
Total Project Cost: $81,559,946
Total Tax Credit: $5,000,000
Address: 602-610 Main St., 200-208 E. 6th St.
Finding success on its fourth application, the Gwynne Building in downtown Cincinnati is poised to be converted from a mostly vacant office building to luxury hotel. Once home to some of Procter & Gamble’s offices, the 1913 building held a variety of office users and commercial tenants over the
Warsaw Creative Campus (Cincinnati, Hamilton County)
Total Project Cost: $17,653,653
Total Tax Credit: $1,700,000
Address: 3108, 3110, 3113, 3114, 3116, 3117, and 3120 Warsaw (historic); 821 Purcell, 3830, 3828, and 3519 Warsaw (non-historic)
The Warsaw Creative Campus project encompasses seven historic buildings and four additional non-historic buildings in the East Price Hill neighborhood of Cincinnati. The area has experienced disinvestment over time, and only two of the buildings were partially occupied. Most of the buildings were mixed-use with commercial on the ground floor and residential above. After the rehabilitation is complete, there will be 24 residential units and a variety of commercial, arts, and community-based tenants, including a youth orchestra, DIY art space, and restaurant.
Please follow this link for the full list of Round 26 recipients.