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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."
Jen Walke, Vice President of Development, Model Group

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

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