Proposed use of TIF funds for "Reid Flats" Residential Mixed-Use Development in Over-The-Rhine and Downtown
Background
This project is being developed by Redi Flats, LLC, A subsidy of Model Group. The Model Group (TMG) has developed more than $1 Billion in real estate, including over 400 historic properties in Ohio.
Proposed Project
The Project is a proposed 90 residential unit mixed-use development comprised of ten (10) historic buildings. The project sites are located within Over-The-Rhine (OTR) and Downtown. The project will produce 90 units, with 9 being 60% Area Median Income (AMI) restricted, while the other 81 units range from 80% to 120% AMI. The project includes approximately 6,700 square feet of commercial space across the ten (10) units. Total project cost is projected to be approximately $33.4M, with construction costs at approximately $22.8M. The Department of Community & Economic Development (DCED) intends to make a $2,227,016 award from the Over-The-Rhine West Tax Increment Financing (TIF) District Affordable Housing Set Aside. In addition, DCED is proposing a 15-year, net 67% Community Reinvestment Area (CRA) tax exemption.
Upcoming Public Meetings
Virtual Community Engagement Meeting
Date: Tuesday, June 17th, 2025
Time: 5:00 p.m.
Place: The meeting will be held virtually via Zoom. Please use the link below to register. If you experience any challenges with the form, please email Eunique.Avery@cincinnati-oh.gov.
If you would like to submit written comment, please submit it no later than 5:00pm on Thursday, June 19th, 2025. Please note that all written public comments received will be included in a post-meeting memo packet that will be made available to the general public and are considered public records.
Location of Proposed Project
212 W Liberty (133-0003-0021) - OTR W, 214 W Liberty (133-0003-0020-00) - OTR W, 1711 Elm (133-0003-0041) - OTR W, 1713 Elm (133-0003-0043) - OTR W, 1519 Vine (081-0004-0067) - OTR W, 1522 Republic (081-0004-0047) - OTR W, 1524 Republic (081-0004-0046) - OTR W, 1526 Republic (081-0004-0045) - OTR W, 530 Republic (081-0004-0044) - OTR W, 211-219 W. 4th(145-0001-0159) - Downtown S
Related Materials
Proposed Plans 4th Street Egan Alley
Contact
For questions related to the public engagement meeting, please contact:
Eunique Avery, Community Engagement Specialist | Eunique.Avery@Cincinnati-oh.gov | 513-713-8982