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January 10, 2014
Photo of an 1889 building at 26 W. 13th St. in Cincinnati that will be rehabilitated as seven market-rate apartments with the aid of the Ohio Historic Preservation Tax Credit.Photo of Cincinnati’s 1908 Hamilton County Memorial Hall, which will be preserved and brought up-to-date as a meeting and performance venue with the aid of the Ohio Historic Preservation Tax Credit.Photo of the early 20th-century Pabst Bedding warehouse in Cincinnati’s Over-the-Rhine Historic District, which will be redeveloped as office space for Cincinnati Center City Development Corporation with the aid of the Ohio Historic Preservation Tax Credit.Photo of the 1910 Kirby Road School, a landmark in Cincinnati’s Northside neighborhood, which will become 39 market-rate apartments with the aid of the Ohio Historic Preservation Tax Credit.Photo of “The Hamlet,” an early 20th-century apartment row at 138–166 E. Fifth Ave. in Columbus that will be preserved and rehabilitated as affordable housing with the aid of the Ohio Historic Preservation Tax Credit.Photo of the 1911 Stoddart Block in downtown Columbus, an early 20th-century commercial building converted to apartments that will be upgraded with the aid of the Ohio Historic Preservation Tax Credit.Photo of the Victorian commercial block at 36–38 S. Third St. in Newark that will be rehabilitated using the Ohio Historic Preservation Tax Credit to create improved commercial space and four market-rate apartments.Photo of the plant in North Canton where The Hoover Company made vacuum cleaners for many years. The vacant complex of 19 buildings will be adapted to retail, office and residential use with the aid of the Ohio Historic Preservation Tax Credit.Photo of the Horace Gallup Building in downtown Wilmington. Using the Ohio Historic Preservation Tax Credit, owners will rehabilitate the 1876 building for continued commercial use and convert the second floor into a one-family loft-style apartment
Historic Preservation
Ohio Historic Preservation
Tax Credit:
A Powerful Incentive

Thirty-one historic buildings in 10 communities will get new leases on life with assistance of the recently announced 11th round of Ohio Historic Preservation Tax Credits. They include landmarks such as downtown Cleveland’s former May Co. department store, the former Hoover Co. plant in North Canton, the 1918 Citizens Bank Building in downtown Columbus, and buildings in Cincinnati’s Over-the-Rhine Historic District including the 1908 Hamilton County Memorial Hall.

Designed to foster reinvestment in historic properties throughout the state, the Ohio Historic Preservation Tax Credit program was introduced in 2007 and is jointly administered by the Ohio Development Services Agency and the Ohio Historic Preservation Office of the Ohio Historical Society.

Expected to Leverage $400 Million in Private Investment
Communities represented for the first time in the latest round of projects awarded Ohio Historic Preservation Tax Credits are Granville, North Canton and Wilmington. Other projects are in Akron, Cincinnati, Cleveland, Columbus, Dayton, Newark and Youngstown. The $33 million in tax credits awarded is expected to leverage nearly $400 million in private investment in preservation and rehabilitation of historic properties.

“The Ohio Historic Preservation Tax Credit is a significant incentive that has been the catalyst for reinvestment in many historic properties since it was introduced in 2007,” says Ohio Historical Society Executive Director and CEO Burt Logan, who also serves as Ohio’s state historic preservation officer.

“These projects often spark interest in the rehabilitation of surrounding properties, especially in smaller communities” Logan says. “When historic buildings are preserved, rehabilitated and reused, they continue to tell the story of Ohio’s history while serving their communities. We’re excited to be working with the Ohio Development Services Agency on this important program.”

Society Reviews All Projects to Ensure That Significant Historic Features Are Preserved
“Our role is to review the proposed rehabilitation work to ensure that the historic character of these buildings is retained,” says Mariangela Pfister, acting head of Technical Preservation Services for the Ohio Historical Society’s Ohio Historic Preservation Office.

“We work closely with owners, developers, consultants and architects to ensure that important features of the buildings are preserved and treated with sensitivity.” Pfister says significant features that contribute to a building’s historic character can range from exterior details like masonry, trim, rooflines and windows, to decorative interior finishes, corridors and the overall plan and layout.

Recipients
The Round 11 Ohio Historic Preservation Tax Credit recipients are:

Akron

Masonic Temple, 103 S. High St., Akron
Akron’s 1917 Masonic Temple will be converted into a full-service downtown hotel with lodge rooms adapted to banquet, meeting and food-service use, and a 161-room addition.
Total Project Cost: $47,954,105
Total Tax Credit: $4,997,737

Cincinnati

1121 Walnut St., Cincinnati
Redevelopment of this vacant building in Cincinnati’s Over-the-Rhine Historic District, once home of the Edward Grimm Pipe Organ Company, will include creating three apartment units over first-floor commercial space.
Total Project Cost: $685,639
Total Tax Credit: $135,431

1315 Vine St., Cincinnati
This vacant property is one of three historic buildings that will be jointly rehabilitated as a business incubator and co-working complex. Three established incubators, the Brandery, CincyTech and Cintrifuse—in addition to the startup companies they attract and nurture—will occupy the completed facility. Historic Germania Hall at 1313 Vine, which received a $1.6 million Ohio Historic Preservation Tax Credit award in an earlier round, will be rehabilitated as part of the project.
Total Project Cost: $5,201,357
Total Tax Credit: $249,999

1523, 1525, 1527, 1531, 1533–35 Race St. and 1530–1532 Pleasant St., Cincinnati
Encompassing nearly a full block of Cincinnati’s Over-the-Rhine Historic District, 15th and Race is a mixed-use development incorporating eight historic buildings, a new four-story mixed-use structure and a 330-space parking ramp. The long-vacant historic properties will be rehabilitated for residential and retail use. The development will house 57 residential units.
Total Project Cost: $38,934,759
Total Tax Credit: $3,001,106

26 W. 13th St., Cincinnati
This 1889 French Second Empire-style apartment building with a prominent mansard roof will be rehabilitated to create seven market-rate apartments.
Total Project Cost: $1,095,600
Total Tax Credit: $109,000

28 W. 13th St., Cincinnati
Vacant for many years, this circa 1885 building — only 17 feet wide and defined by an ornate two-story bay window — will be rehabilitated as four apartments.
Total Project Cost: $1,095,600
Total Tax Credit: $215,000

Hamilton County Memorial Hall, 1225 Elm St., Cincinnati
Built in 1908 as a memorial to soldiers, sailors, marines and pioneers, Memorial Hall has been underused in recent years, requiring an annual subsidy from the county. Through a partnership with Hamilton County, Cincinnati Center City Development Corporation (3CDC) and Cincinnati Memorial Hall Society will upgrade the historic auditorium and meeting facility, preserving its early 20th-century character while increasing its attractiveness as a venue.
Total Project Cost: $10,011,577
Total Tax Credit: $996,000

Kirby Road School, 1710 Bruce Ave., Cincinnati
A landmark in the Northside neighborhood, this former public school built in 1910 will become 39 market-rate apartments.
Total Project Cost: $6,410,000
Total Tax Credit: $600,000

Pabst Bedding, 1201, 1203, 1205, 1209 and 1211 Walnut St., Cincinnati
This four-story early 20th-century warehouse building in Cincinnati’s Over-the-Rhine Historic District will be redeveloped as office space for Cincinnati Center City Development Corporation (3CDC).
Total Project Cost: $7,817,663
Total Tax Credit: $777,877

Cleveland

George Worthington Co. Warehouse, 629-728 Johnson Ct., Cleveland
This vacant 200,000 square-foot warehouse will be converted into 73 market-rate apartments, with indoor parking and commercial space. A penthouse will be added, creating 13 condominiums.
Total Project Cost: $30,125,800
Total Tax Credit: $5,000,000

May Company Apartments, 158 Euclid Ave., Cleveland
Chicago architect Daniel Burnham designed this building faced in white glazed terra cotta in 1912. Enlarged in 1932, it was home of the May Company, one of Cleveland’s leading department stores, until 1992. More than 700,000 square feet of the downtown landmark will be rehabilitated to create 353 residential units and several floors of indoor parking.
Total Project Cost: $128,539,578
Total Tax Credit: $5,000,000

Columbus

313–315 Chittenden Ave., Columbus
This vacant early 20th-century apartment house is one of more than 90 mostly multi-family buildings in developer Charles Johnson’s New Indianola development of the 1910s and 1920s, now the New Indianola Historic District. New owners plan to rehabilitate its six apartments as student housing.
Total Project Cost: $397,167
Total Tax Credit: $74,142

Citizens Bank Building, 51 N. High St., Columbus
Located at Gay and High streets in downtown Columbus, the neo-classical style Citizens Bank Building was completed in 1918. More floors were added in 1960 with the growth of successor Ohio National Bank. Now largely vacant, the building will become 65 high-quality apartments. An adjacent lot will be developed into connected parking and more residential units.
Total Project Cost: $34,862,319
Total Tax Credit: $3,126,600

66–72 Clark Pl., 1338–1346 Dennison Ave., 138–166 E. Fifth Ave. and 1193–1195 Hamlet St., Columbus
As part of the larger Victorian Heritage housing rehabilitation project, 25 apartment units on the historic near north side of Columbus will be rehabilitated to provide quality affordable housing. The project will also make use of the low-income housing credit.
Total Project Cost: $3,878,233
Total Tax Credit: $249,999

Stoddart Block, 260 S. Fourth St.
Built as a furniture store in 1911, the five-story Stoddart Block is now a 52-unit apartment building with first-floor commercial and restaurant space. The planned rehabilitation will retain the current unit configuration and improve all finishes and fixtures to create small-but-comfortable apartments.
Total Project Cost: $3,050,172
Total Tax Credit: $249,275

Dayton

Centre City Building, 40 S. Main St., Dayton
A landmark early 20th-century high-rise built in the Chicago style between 1903 and 1924, Dayton’s Centre City Building, currently shuttered, has been tapped for conversion to residential use. A total of 159 apartment units are planned in the 244,000-square-foot building, bringing more than 200 new residents to downtown Dayton.
Total Project Cost: $17,987,561
Total Tax Credit: $2,881,581

Granville

130-138 N. Prospect, Granville
Structural concerns have required all businesses to vacate this two-story commercial block in Granville’s historic district. After a thorough rehabilitation, first floor retail and restaurant use will resume, and the second floor will house 5,000 square feet of office space.
Total Project Cost: $981,500
Total Tax Credit: $178,750

Newark

36–38 S. Third St., Newark
This three-story Victorian commercial block in downtown Newark has housed dozens of businesses, from groceries to china shops. Today it is only partially occupied. Rehabilitation plans include creating four market-rate apartment units and improving the commercial spaces. Total Project Cost: $789,695
Total Tax Credit: $121,425

North Canton

Hoover West Factory Complex, 101 E. Maple St., North Canton
Comprising 19 buildings and 500,000 square feet, the Hoover West Factory Complex is the central landmark of downtown North Canton. Once headquarters of the nation’s leading vacuum-cleaner manufacturer, the complex will be transformed into a mix of retail, office and residential space. The project will create 132 market-rate residential units.
Total Project Cost: $51,621,490
Total Tax Credit: $5,000,000

Wilmington

59½ W. Main St., Wilmington
Known as the Horace Gallup Building, this two-story commercial building in downtown Wilmington was completed in 1876 and the first floor remains in commercial use. The rehabilitation project will convert the second floor into a one-family, loft-style apartment. Total Project Cost: $65,000
Total Tax Credit: $13,825

Youngstown

264 Broadway Ave., Youngstown
The old Heedy Mansion in Youngstown’s historic Wick Park neighborhood more recently housed a mental-health facility. Development plans call for transforming the 10,000-square-foot-home, vacant since 2007, into five market-rate apartments, putting it back into productive use.
Total Project Cost: $477,000
Total Tax Credit: $93,200


• Learn more about state and federal tax credit programs that foster reinvestment in historic properties throughout Ohio.

• Learn more about the Ohio Historical Society Ohio Historic Preservation Office.