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October 21, 2020, 07:47:51 am
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Author Topic: Any new midtown/Cherry Street developments?  (Read 137719 times)
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« Reply #495 on: August 27, 2020, 10:21:10 am »

Still wondering about if The Maple is still an active project.  I know hotels are kind of dead in the water right now.  And last time I drove by there is a For Sale sign on this property.  I still would love to see this happen, if not a hotel then condos.  It's a great location for it.



https://www.couryhospitality.com/portfolio/the-maple/
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shavethewhales
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« Reply #496 on: August 27, 2020, 12:18:15 pm »

If the property is up for sale, I think it's safe to say it's dead. It was a great concept and location. Unfortunately it'll probably get replaced with a bank or dentist office or something eventually.
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« Reply #497 on: August 27, 2020, 01:02:04 pm »

Itís mixed-use zoning so hopeful itís something with some more density.  Condos would be a great fit here.
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LandArchPoke
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« Reply #498 on: August 27, 2020, 01:48:10 pm »

Itís mixed-use zoning so hopeful itís something with some more density.  Condos would be a great fit here.

I doubt the neighbors will allow anything with much height to be built. They've successfully killed several other proposals and I'm pretty sure that hotel deal is dead too. Both of those land parcels between the bank and Cincinnati are owned by two different groups and both are still actively being marketed.

At some point something will go in there, the price they are asking for the land is pretty expensive so given the blow back from neighbors on higher density proposals it's hard to make anything work there at the moment.
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« Reply #499 on: August 27, 2020, 08:16:01 pm »

Honest question, why do the surrounding neighbors have so much power to kill a higher density project?  If it fits the zoning which is mixed-use and isnít out of character why should they dictate what goes here?  As far as neighborhood character there are existing apartments to the east and south and even high-rises in close proximity.  Unlike the Brookside31 site this is an empty lot that used to be a commercial property.
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LandArchPoke
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« Reply #500 on: August 27, 2020, 09:10:27 pm »

Honest question, why do the surrounding neighbors have so much power to kill a higher density project?  If it fits the zoning which is mixed-use and isnít out of character why should they dictate what goes here?  As far as neighborhood character there are existing apartments to the east and south and even high-rises in close proximity.  Unlike the Brookside31 site this is an empty lot that used to be a commercial property.

If it was mixed use zoning you could do a lot more with the site, but it's mostly OM (medium office) and a small part is CS (commercial). The problem is with the FAR allowable density is only 0.50 so makes it hard to make a project work for that density with the land price being about $30.00 sq. ft. At some point when retail/office rents increase and places like Cherry Street run out of space you'll start seeing overflow into this area and at some point something will make sense. Also, given the size of the parcels you're likely going to have to do underground parking or podium parking, both of which are very expensive. 

The neighbors have kill a few rezoning attempts, one was a really long time ago and I think that developer wanted to build a high-rise condo project. The hotel developer talked to neighbors and didn't feel like they'd have a successful try getting the site up-zoned or at least enough push back they didn't feel like going through the fight to do it.

Given what's going on with the Brookside proposal, I do think if someone really wanted to do something on the site they could get approval for mixed-use or at least some PD approval.

There's just a lot of various factors with these two particular parcels that has scared a lot of people off. I've actually wanted to buy these two sites for several years, but just don't have the capital for it yet. I've had a few idea I think I could make work that wouldn't block views of the homes behind it and fit in with neighborhood. Maybe in a few years if they're still on the market. 
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midtownlifer
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« Reply #501 on: October 19, 2020, 02:50:10 pm »

Walking by the old Mary's Trattoria a couple of days ago, I noticed the FOR LEASE sign was no longer posted. Does anyone know what's going on with that property? (Hopefully new restaurant)
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