The developers of the 65 West student apartments in Clifton Heights will receive nearly $5.1 million in property tax relief for their $16.7 million, 129-unit project.
Cincinnati City Council approved the 15-year Community Reinvestment Area LEED tax exemption agreement last week, paving the way for the 126,000-square-foot, four-building gated complex to begin construction on the former Friars Club property at the .
Uptown Rental Properties and North American Properties are developing the project, which will house one-, two-, and four-bedroom apartments in three-story buildings. A workout room and clubhouse is also planned.
Demolition of the 80-year-old Friars Club building began May 1. The demolition of several houses along Ohio Avenue and Cliff and Van Lear streets continues.
65 West has been registered with the U.S. Green Building Council as a LEED-NC 2.2 (new construction) project.
Completion is expected by mid- to late 2011.
The Friars Club vacated the property in 2006 due to high maintenance costs and size constraints.
Tuesday, June 8, 2010
65 West wins LEED tax exemption
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6 comments:
How "green"...
Demolish an 80-year old building which added to the character of the neighborhood, and several surrounding homes, all of which could have been renovated as part of the project. Then throw up some low-quality student housing and a giant retaining wall fronting McMillan Street.
This is the last project that should have ever been certified LEED.
But that implies that LEED takes these things into consideration! ;)
Seriously...what was wrong with the Friars Club building? Granted it would have probably taken a lot of reconfiguration, as I understand there were mainly single sleeping rooms in that building...but what a loss for the neighborhood. Ohio Avenue is already treacherous to drive and should not have street parking on both sides. Way to add several hundred cars a day to that intersection.
this is just sad....
This is one of the major problems that the USGBC is going to have to address in the future. LEED focuses too much on new construction and not enough on refurbishing old buildings. A small number of points are awarded for maintaining a structure, but that isn't enough of an incentive. Applicants should lose tons of points for demolishing a perfectly good building.
http://cincygreen.blogspot.com/
That has been my biggest problem with the USGBC's LEED program so far.
I mean, seriously, Marburg Square is "green" and they tore down what, 80 houses to build it?
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