Residential and Commercial Real Estate Programs
917 State Avenue
917 State Avenue was acquired by Price Hill Will in March of 2015 with funding from the City of Cincinnati Neighborhood Business District Improvement Program (NBDIP). The tenant was predetermined to be Waterfields, LLC, a fresh greens supplier utilizing aquaponics for production. The building has approximately 4,400 square feet of open usable space including an ADA compliant restroom and a separate closed office. The renovation was completed in early 2016 and occupied by Waterfields in May of 2016. The facility is primarily used for production, staging and storage. Waterfields has a trifold lease with Price Hill Will and the City of Cincinnati. The building is in the Lower Price Hill business district adding jobs and vitality to the neighborhood.
Elberon Senior Apartments
Standing at the corner of Elberon Avenue and W. 8th Street, the Elberon Building, once one of the grandest apartment buildings on the West Side, had fallen into severe neglect. For the thousands of people who passed by here every day, it had become a symbol of everything negative in the neighborhood. It stood as a constant reminder of the disinvestment that had been occurring over the last couple decades. Price Hill Will was determined to save this building from eventually being razed as a nuisance property. After many breaking-and-entering flashlight tours, flea infestations, difficult purchase negotiations, an unsuccessful tax credit application and a lot of hard work, we were able to achieve something truly great for our community. PHW bought the building in late 2010 and partnered with the Model Group to return the building to its former glory while creating 37 units of senior housing. Other critical partners in this project were Ohio Capital Corporation for Housing, Red Capital, Ohio Housing Finance Agency, Local Initiatives Support Corporation, and the Neighborhood Stabilization Funding from the City of Cincinnati and the Cincinnati Hamilton County NSP II Consortium. The completion of the Elberon Senior Apartment Building marked a new beginning for this beautiful landmark and serves as an example of the opportunities that lie in Price Hill.
The Masonic Lodge was completed in 1912, owned and operated by the Price Hill Freemasons for 77 years until a merger with the North Bend Lodge. Designed by the renowned architectural firm, Samuel Hannaford & Sons in the Neo-Classical style, the lodge stands at the corner of Price and Purcell Avenues in the Incline District of East Price Hill. Price Hill Will had a vision of the lodge as an Events’ Center for the West Side of Cincinnati. Price Hill Will’s offices and it’s MYCincinnati Youth Orchestra would also be housed in the building. A Feasibility & Pre Development Study was completed in July of 2014. Price Hill Will officially acquired the building in September of 2014. The Masonic Lodge has local historical designation as of 2013, but in order to get national historical tax credits, an extensive application has to be completed, along with architectural & engineering drawings. Submission of this application is in progress.
Buy – Improve – Sell
The Buy – Improve – Sell Program is the core real estate development vehicle for Price Hill Will. Unstable, blighted homes are purchased at minimal cost by Price Hill Will. The homes get a full gut rehabilitation from foundation to roof. All new electrical, mechanical, plumbing and structural systems are installed. The interior and exterior finishes are completely redone to appeal to a wide range of prospective home buyers. The homes are then sold at a price that increases comparative housing values in the neighborhood, inspiring other property owners to improve their homes and vacant lots. The program has made a positive impact on several areas across the three Price Hill neighborhoods. As of today, 70+ homes have been done through the Buy – Improve –Sell Program. The current emphasis is and has been on the Cedar Grove area of West Price Hill.
Glenway TIF District
In 2009, Price Hill Will completed the Glenway Market Study and Redevelopment Plan for which it received the Frank F. Ferris II Community Planning Award from the Hamilton County Regional Planning Commission. While initially unable to acquire the needed land, Price Hill Will did purchase 11 parcels along Glenway Avenue in West Price Hill in late 2013. Three of the parcels contained blighted buildings which were razed in partnership with the Hamilton County Land Reutilization Corporation (Land Bank). Price Hill Will hopes to acquire more land in the area and partner with a developer to create mixed-use development; bringing new business and residents to the community.
W. Eighth and Overlook
This was the former site of the Butterkist Bakery building, a mixed-use property, built in 1927, slab on grade, with (4) retail spaces on the lower level and (4) one bedroom apartments on the upper level. The other building that formerly occupied the site was a convenience store built in 1975. Sometime later, a cell tower was placed between the 2 buildings. Over the years, the properties transferred ownership several times and the Butterkist Building became vacant and deteriorated. The convenience store and its parking lot became a magnet for many types of crime. The site had become a dangerous, blighted eyesore at a prominent corner in West Price Hill. Price Hill Will (PHW) acquired these properties in 2015 for the initial purpose of site control and nuisance elimination. Long term plans involved creating a new, mixed-use development. The Hamilton County Land Reutilization Corporation generously agreed to raze both building on PHW’s behalf, but required temporary ownership of the Butterkist building due to their funding restrictions. The ownership of the now vacant Butterkist site will revert to Price Hill Will when needed for future development. In 2016 Price Hill Will was awarded 2 million dollars from the Cincinnati City Council for a new mixed use development demonstrating great interest in the economic vitality of this West Price Hill business node.
The Homesteading Program began in the Fall of 2015. Price Hill Will is working in partnership with several social service agencies (LISC, SC Ministry Foundation, Catholic Charities of SW Ohio, WIN, Santa Maria Community Services, the Hamilton County Land Reutilization Corporation and Legal Aid) to provide access to homeownership to families that would otherwise be unable to purchase a home. Price Hill Will identifies homes that are solid and stable, some with fully intact building systems, some houses are donated to Price Hill Will, and others can be purchased for a minimal price from the Hamilton County Land Bank or an existing owner. Once acquired, the homes are brought up to code and any building systems that are in need of repair are addressed. Part of the criteria for selecting the families involves screening the applicants for home improvement skills. The identified new prospective owner enters a land contract with Price Hill Will. There is a list of requirements for further home improvement over the course of the contract. Their work progress is regularly observed by Price Hill Will. The work that the families perform instills a sense of pride in home ownership and a sense of belonging to a community verses renting an overpriced home or apartment with a potentially predatory landlord. There are currently two homes/families in the program. Price Hill Will and our partners continue to seek further funding to buy more homes. The opportunity exists for substantial impact on increasing home ownership in Price Hill.
Land Bank Program
Price Hill Will serves as the Community Development Partner for the Hamilton County Land Reutilization Corporation (Land Bank) for properties in the three Price Hill neighborhoods. Our role is to partner with key liaisons with the Land Bank and within Price Hill to ensure that property acquired through the Land Bank is being granted to responsible property owners. There are currently four programs through which vacant land and houses can be acquired. The Lot to Yard Program is for acquiring a property directly adjacent to an existing homeowner’s property. They must own and occupy their home. Both immediately adjacent owner occupied homes are offered the property by the Land Bank. The owners then fill out an application for consideration by the Land Bank. Price Hill Will observes the applicant’s existing owned property/properties to make sure that they are well maintained. There cannot be any pending orders or violations on the existing owned property. The process can take several months with the current inventory of blighted and forfeited properties. Other programs include the Gardens and Green Program, the Single Family Home Development Program and the Multi-Family, Multi-Property & Commercial Development Program. Details on properties available and applications can be found on the Land Bank website.