Shopping Centers Today

JUL 2018

Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)

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J U L Y 2 0 1 8 / S C T 29 bohemian Riverside neighborhood to its south, "which has become cool and edgy and has amazing diversity," he said. "eir progress is going to overlap into Brooklyn." Barakat got involved with the neighborhood's revival when banks took back property on Magnolia Street that would later be redeveloped into a Fresh Market–anchored strip center developed by Regency Centers for an opening in 2014. Brooklyn Station has since welcomed restaurants, a Navy Federal Credit Union and other service businesses. e Vista Brooklyn mixed-use development won approv- als last summer for a 10-story Riverside Avenue building with 300 apartments and 12,500 square feet of retail. e city may have gotten ahead of itself with the nearby Unity Plaza, however, which opened at 220 Riverside Avenue in 2015 on the strength of some $2.6 million of taxpay- er money. Late last year private developers turned over the complex's ground-floor retail and restaurant strip to lenders. e events-oriented Unity Plaza, intended to serve as the downtown's central park, was supposed to get some 76,000 square feet of retail space but then opened with only about a fih of that. Unity Plaza does have about 150 high- rise residential units. Still in the works is a Burlock & Barrel, which is to occupy a 7,000-square-foot warehouse on Magnolia Street, renovated into a distillery and tasting room, at a cost of some $800,000. On Park Street, an undisclosed developer is reportedly assembling land for a mixed-use project that is to include retail. e developer is said to be seeking to calm traffic to make the street harmonious for bicycles and pedestrians, according to Barakat. Alvin Brown, a former mayor, told the local press that "the potential so many people talked about for years [in Brooklyn] is finally in motion and becoming a reality. Vi- brancy grew from dormancy." OVER-THE-RHINE CINCINNATI l Over-the-Rhine, a neighborhood named by Cincinnati's German settler population aer the Rhine River–like canal separating it from the downtown, had by the early 2000s become a blighted landscape, littered with some 700 vacant lots and 500 empty buildings. e population had dropped from a peak of 75,000 to 6,000. With the highest crime rate of any Cincinnati neigh- borhood, the neighborhood was so downtrodden that film director Steven Soderbergh chose it as the setting for scenes showing abandoned buildings and rampant drug use in his 2000 movie Traffic. at is hardly a Chamber of Commerce coup. But over the past dozen years or so, nearly 140 new businesses have opened along the area's once-beleaguered business stretches of Vine and Main streets and the 166-year- old Findlay Market, thanks largely to some urban-renewal fleet-footedness on the part of the private- ly funded, nonprofit Cincinnati Center City Development Corp., nicknamed 3CDC, and a combination of new-market tax credits, strategic acquisitions and tenant build-out allowances. In 2004 the newly created 3CDC began buying vacant properties in the neighborhood and started renovating them five years later, according to Joe Rudemiller, 3CDC's communications director. "A few pioneering retailers and restaurateurs opened up new spots on Vine and several others followed." ings really started popping in 2012 aer completion of a $48 million revitalization of Washington Park, which includes a 450-space underground parking garage, a huge new children's play area, water features, a dog park, a full bar, plus improved green spaces. "is added amenities that resulted in more economic development in surrounding areas," he said. Restaurants and retailers opened, residents moved into new apartments and condos, offices were reno- vated and companies began relocating there. In 2016 alone, 20 retailers gravitated to Over-the-Rhine, among them men's boutique Righno, home-furnishings retailer Elm & Iron Lo and jeweler Lane & Kate. ough at one time the place was a beer-making epicen- ter that boasted 18 breweries, most of them shut down over the years. But in 2003 business owners and residents formed a brewery district there to revive some of those and to create others. Now there are thousands of Brewing Heritage Trail tour visitors annually. Over-the-Rhine attracts a diverse residential mix these days, including Millennials, young families and empty nest- ers, according to Rudemiller. e area also became a foodie sanctum aer the Food Network spotlighted the Bakersfield taco, tequila and whiskey concept; gourmet hot-dog seller Senate; and waffle-maker Taste of Belgium on its Diners, Drive-Ins and Dives reality TV show. is spring three developers finished off a $17 million affordable-housing project spread out over five formerly blighted historic buildings on Green and Race streets, add- ing 7,000 square feet of ground-floor retail to the market. Initially, part of the 3CDC strategy was to resist national tenants until the market model could stabilize, but now l The restored Tivoli Theatre cinema and a tram in Delmar Loop (left); streetlife in Cin- cinnati's Over-the-Rhine neighborhood (right)

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