1. Millworks 5.0

4. Design Constraints
Site sits above Madison Road; separated by retaining wall
Rail line
Ring road is privately owned. Cast Fab and Milacron have access easements
Extensive roadway improvements are needed to accommodate dense redevelopment
Need to maintain pedestrian bridges
Northern portion of site abuts loading docks for Center of Cincinnati
Industrial & retail uses across Madison Road

5. Market Constraints
Competing office sites along I-71 at Montgomery, Ridge, Smith/Edwards & Dana
Competing retail sites at Smith/Edwards, Montgomery (XU)
Competing residential at Marburg Square, 4120

6. Important Considerations
Retail and entertainment should complement Oakley Square, not compete with it
Oakley opposes more big box development
Redevelopment should connect to neighborhood
Displaced businesses should be relocated inside the city
City’s financial participation should be reasonable
Opportunities for reuse of existing buildings?
Environmental considerations: siting residential uses on cleanest portion of the site

9. Millworks 1.0 (2004-5)
Vision Land Development & Trademark Property Co.
2 phases
Cost for first phase: $88M
City role: $10M in TIF/$3M CORF grant
514,000 sf in total for phase 1
80,000 sf office (heart hospital)
75,000 sf Showcase Cinemas
89,000 sf Jungle Jim’s Grocery
270,000 sf restaurant, retail (lifestyle center), and possibly hotel
Possibility of 150,000 SF of office in phase 2

10. Millworks 1.0

11. Millworks 2.0 (May 2006)
VLD, Prudential REIT & Trademark Property Company
2 phases
Cost for first phase: $122M
City role: $10M in TIF/$3M CORF grant
570,000 sf in total for phase 1
125,000 sf office
75,000 sf Showcase Cinemas
300,000 sf restaurant & retail (lifestyle center), including Jungle Jim’s
70,000 sf of condominiums
Possibility of office, hotel, retail & residential in phase 2

12. Millworks 2.0

13. Millworks 3.0 (Nov 2006) VLD & Bear Creek Capital One phase
Cost: $268M
City role: $30M in TIF/$3M CORF grant
1.7M sf in total
600,000 sf office
75,000 sf Showcase Cinemas
325,000 sf restaurant & retail (lifestyle center)
No Jungle Jim’s
700,000 sf of residential space

14. Millworks 3.0

15. Millworks 4.0 (Nov 2007) VLD & Frontier Renewal
67 acres (lost control of the Milacron property)
Two phases: 1) site prep, 2) sell of components to other developers
Cost: $300M
City role: $55M in TIF/$3M CORF grant
Approximately 2M sf in total
715,000 sf office
75,000 sf Showcase Cinemas
388,000 sf restaurant & retail (lifestyle center)
160,000 sf hotels
679,000 sf residential

16. Millworks 4.0

17. Millworks 5.0?

18. Jeff McElravy