BY NICOLE HAMILTON | NHAMILTON@TOWNMEDIAINC.COM
OVER-THE-RHINE – Gateway Quarter, the latest Downtown revitalization project, will bring more than 100 condos, new restaurants and retailers to the intersection of 12th and Vine Streets this year. But Jim Moll of Builder Resources says this isn’t the first time Vine Street will be the epicenter of urban development.
“The area was second only to Paris,” says Moll of Vine Street in the late 1800s. “The area was dense and vibrant. It was really at the center [of Downtown].”
Today, the Gateway Quarter development team which consists of Urban Sites, The Model Group, Northpointe Group and B2B Equities – in conjunction with the Cincinnati Center City Development Corporation (3CDC) – is restoring the once-vacant buildings on Vine Street into modern loft spaces.
“We’re breathing new life into the area,” says Moll, who has worked with Urban Sites owner Bill Baum for several years. “And we are doing it right at the nick of time.”
Moll says that although the Quarter is situated in a neighborhood that contains the largest collection of 19th century Italianate architecture still standing in the States. And many of the historic buildings purchased by 3CDC and developed by the Gateway Quarter Group were almost in a state of total disrepair, he says.
But today, as construction workers and electricians put the finishing touches on the new condo units, Moll, 54, and his team are selling the units to an eclectic mix of urbanites. The paint hasn’t dried and people are ready to call Vine Street home.
“We’ve been really successful,” says Moll, about loft sales. “Everyone thought this would be a place for young professionals – and it is – but we’ve sold to a diverse group.”
In one building, Moll says he sold a condo to a young 30-something woman who is finishing an internship at Cincinnati Children’s Hospital. Her neighbors will be a couple near retirement who want a townhome they can stay at when they are Downtown on the weekends.
Moll attributes the diversity of buyers to the varying prices – the lofts range from $85,000 to more than $300,000. Many feature rooftop decks, elevators and city views.
But there are other reasons the area is attractive to so many people.
“A strong Downtown environment attracts not only young professionals but other members of the creative class,” says Moll. “Some people want to live here so they can walk to work and be close to the arts community.”
Although the developers are “meticulously maintaining the architectural integrity of the community,” Moll says, the lofts were restored using eco-friendly materials such as bamboo flooring. The developers have also found creative uses for abandoned and recycled products.
Moll wasn’t surprised at how easy it has been to find new loft owners. He was surprised at the interest people have shown in opening up new businesses in the Gateway.
“It’s amazing how many people want to start a business in this part of Vine Street,” he says.
In addition to Dan Korman’s green general store, Park + Vine which will open this summer, Lisa Yunker’s urban gardening store Urban Roots, will also take up residence on Vine Street. MetroNation will move to the Gateway area of Vine as well and will feature home accents and décor.
“I never thought of opening a store Downtown,” says Yunkers, 38. “But I visited Vine Street about a year ago and I thought, ‘Wow, there is really something going on here.’”
A friend told Moll that she was interested in opening an urban garden store, and soon, Moll was showing her available storefronts.
“Vine Street is like one huge, open canvas,” she says.
According to Moll, the Gateway Quarter team is working with a restaurant to finalize a deal that will bring them to the ground floor of the Duveneck Flats at 1214-1220 Vine St. And although he cannot name that restaurant yet, he says Jean-Robert de Cavel – owner of a handful of French restaurants Downtown and in Northern Kentucky – is very excited to open another restaurant, at 1211 Vine St., later this year.
He says that when de Cavel first visited the Gateway he remarked about how much it reminded him of his hometown, Roubaix, France.
“This is really exciting,” says Moll, of the Gateway Quarter development. Eventually, 3CDC plans to extend the revitalization all the way to Liberty Street, by developing 100 loft spaces every year for the next five years.
“This is such an important time on Vine Street,” Moll says. “If we can carry this all the way to Liberty Street just imagine how great that would be.”
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