Over-the-Rhine sees new life
Friday, May 30th, 2008After years of work, key city area blooming
BY LISA BERNARD-KUHN | LBERNARD@ENQUIRER.COM
OVER-THE-RHINE – The last year and half has marked a huge leap for business growth and development in one of the city’s formerly most troubled and now most rapidly transforming neighborhoods.
Since 2007, Over-the-Rhine has become home to nearly a dozen new businesses and more than 100 newly rehabbed condos, representing more than $100 million in private and public investment.
“There are so many people with an oar in the water now,” said Mario San Marco, president of Eagle Realty Group, a subsidiary of Western & Southern Financial Group.
San Marco is the outgoing chairman of the board for the Over-the-Rhine Chamber of Commerce, which held its annual meeting Thursday at Music Hall Ballroom.
He recapped the neighborhood’s highlights for more than 200 city and business leaders.
“We continue to make such progress,” he said, touting the work by Cincinnati Center City Development Corp. and its development partners The Model Group, Urban Sites, B2B Equity and the Northpointe Group.
Block by block, the groups have transformed vacant and boarded-up buildings into new urban condos and street-level retail space that has become known as the Gateway Quarter.
The revitalization – which has been concentrated along Vine Street and northeast of Washington Park – has helped attract an onslaught of new retailers and restaurants, such as “green” retailer Park + Vine, the home furnishing store Metronation and Jean-Robert de Cavel’s new restaurant, Lavomatic.
Keynote speaker for the afternoon was another Western & Southern executive, John Barrett – the company’s CEO, chairman and president.
Because of a recent knee replacement, Barrett’s talk – which focused on broader issues facing Greater Cincinnati – was transmitted as a Webcast and projected on large screens for the audience.
Barrett said Cincinnatians are too hard on themselves, resulting in delayed and lackluster decisions.
“I think this city is low on vision, and our desire to execute frequently results in mediocre results rather than world-class results,” he said.
Greater Cincinnati needs “to do several things and we ought to do them quickly,” to move forward, he said. First, the region needs to expand its tax base by luring at least two to three more Fortune 500 companies to town.
“The money and talent that follow these headquarters are unbelievably huge,” he said.
He said a thriving downtown must be a priority. Specifically, he said, downtown needs “unquestioned” safety, ample parking, more office workers and more people living in the city.
“To get the last two, you need to have the first two,” he said. “Retail and entertainment will follow the people, if we do the other things first.”
Late last year, Western & Southern Financial unveiled a plan to build a 40-story skyscraper downtown that will serve as the new headquarters for Great American Insurance, a unit of American Financial Group.
In other news Thursday, the chamber voted to elect Russ Wilson of Frost Brown Todd as chairman of the board for 2008.
Elected as vice president was Robert Maly of The Model Group. Joan Kaup of Kaup Pender Associates will be secretary and Richard Daeshner of Rippe & Kingston Co. will be treasurer.





