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Neighborhood Revitalization
Cincinnati, OH
Project Summary
Model Group, in collaboration with its partners, completed a $114 million multi-phased revitalization of the historic Over-the-Rhine (OTR) neighborhood in Cincinnati, Ohio. The project brought together strategic investment, historic preservation, and a focus on affordable housing to create a vibrant, inclusive, and sustainable community.
Working with 3CDC, the Corporation for Findlay Market, and GBBN Architects, the redevelopment successfully blended the preservation of historic buildings with modern development. The outcome was a mix of affordable and market-rate housing, commercial spaces, and community amenities. Supported by a complex financing structure and designed to meet LEED Certification standards, the project balanced the area’s heritage with a vision for its future, setting a benchmark for sustainable urban renewal.
The revitalization reinvigorated OTR, attracting a variety of tenants, including restaurants, boutiques, startups, and arts organizations. These businesses brought new energy to the neighborhood, transforming it into a dynamic destination where people could live, work, and connect. Each phase of the project played a crucial role in reshaping the community and fostering its growth.
“The Willkommen Development ended up being an insanely complex conglomeration of every financing tool we had available to us. It was the first time that any developer in the country had used all of these tools in the same project."
Through its collaborative approach and community-focused vision, Model Group left a lasting legacy in OTR, helping the neighborhood emerge as a national example of successful urban revitalization.
Description
Multi-Phased
Buildings: 52
Investment: $114M
Residential Units: 299 apartments
Square Footage: ~494,000 sq. ft.
Location
Cincinnati, OH
Partners
3CDC
City of Cincinnati
Cincinnati Development Fund
Preservation of Affordable Housing
OTR Community Housing
The Port
Total Development Cost
$114MM
Funding Sources
Low-Income Housing Tax Credits
New Market Tax Credits
State and Federal Historic Tax Credits
Opportunity Zone
TIF
CDGB Loans
