3CDC Expands Land Bank with Latest Acquisitions

Editor’s note: Credit for this post goes to contributor RWS. The maps at the end were added by me.

3CDC’s Newest Acquisition

After years of acquisitions, 3CDC had taken a major pause (update: other recent acquisitions) from land banking from 2009 through 2011. Looking at 3CDC’s OTR Work Group reports it seemed that the nonprofit had decided to focus solely on developing its current offerings & not expanding to new territory. Finally, after nearly 2 years with virtually no purchases, 3CDC purchased 5 abandoned buildings that have for years been a major eye sore to anyone traveling down Liberty, visiting Grammer’s or crossing between Vine & Walnut on 15th.

Corner of 15th & Moore (taken from Moore)

1512 & 1510 Moore St The Shell Station on Liberty is in the distance

1508 & 1506 Moore St. The building to the right was purchased by an LLC affiliated with Urban Sites while the other was purchased by OTR Holdings (3CDC). Urban Sites purchased the building shortly before 3CDC’s larger purchase. It would be a fair assumption that they are planning to work together to redevelop all the units.

1447 & 1445 Walnut Street These units share a large open space with the Moore Street Properties (immediately behind them). Grammer’s is to my back in this photo.

View from Liberty. Arrowed properties are now owned by 3CDC or Urban Sites. Also, all of the dirt/grass was picked up in this same purchase. The buildings in the back are owned by “Franciscan Homes IV” (30 W 15th Street) listing Denver Colorado as its main address, and “OTR-Walnut Street Housing” (24 W 15th Street) listing 421 E 4th Street as its main address.

Here’s an aerial view of the properties from Google maps:

The OTR Work Group‘s January 2012 Report did not show the acquisitions on its map of 3CDC properties. The black box in the image below shows where these buildings are in relation to other 3CDC holdings.

This is the view from Liberty Street looking south:

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Comments
3 Responses to “3CDC Expands Land Bank with Latest Acquisitions”
  1. Sean Gray says:

    A major pause on landbanking? I follow this with interest and would hardly call their acquisitions since 2009 a pause. This list doesn’t even include anything that has been transferred to OTR Predevelopment.

    1220 Republic St, Cincinnati, OH 45202, USA
    1412 Republic St, Cincinnati, OH 45202, USA
    1540 Elm St, Cincinnati, OH 45202, USA
    28 E 13th St, New York, NY 10003, USA
    1515 Elm St, Cincinnati, OH 45202-6906, US
    1408 Vine St, Cincinnati, OH 45202-7018, US
    1307 Republic St, Cincinnati, OH 45202, USA
    18 E 13th St, Cincinnati, OH 45202, USA
    1425 Vine St, Cincinnati, OH 45202-7017, US
    1429 Vine St, Cincinnati, OH 45202-7017, US
    1431 Vine St, Cincinnati, OH 45202-7017, US
    1433 Vine St, Cincinnati, OH 45202-7017, US
    116 E 14th St, Cincinnati, OH 45202-7604, US
    118 E 14th St, Cincinnati, OH 45202-7604, US
    1401 Elm St, Cincinnati, OH 45202-7516, US
    1405 Elm St, Cincinnati, OH 45202-7516, US
    1421 Elm St, Cincinnati, OH 45202-7547, US
    1424 Elm St, Cincinnati, OH 45202-7517, US
    35 E 13th St, Cincinnati, OH 45202-7157, US
    1415 Race St, Cincinnati, OH 45202-7009, US
    1513 Vine St, Cincinnati, OH 45202-7019, US
    122 W 15th St, Cincinnati, OH 45202-6925, US
    1509 Pleasant St, Cincinnati, OH 45202-6918, US
    112 E 14th St, Cincinnati, OH 45202-7604, US
    114 E 14th St, Cincinnati, OH 45202-7604, US
    1406 Walnut St, Cincinnati, OH 45202-7619, US
    1412 Walnut St, Cincinnati, OH 45202-7619, US
    1420 Walnut St, Cincinnati, OH 45202-7619, US
    1423 Walnut St, Cincinnati, OH 45202-7618, US
    23 E 15th St, Cincinnati, OH 45202-7003, US
    28 E 14th St, Cincinnati, OH 45202-7002, US
    34 E 14th St, Cincinnati, OH 45202-7002, US
    1215 Republic St, Cincinnati, OH 45202-7112, US
    5 E 15th St, Cincinnati, OH 45202-7003, US
    Vine St, Cincinnati, OH 45202, USA
    W Liberty St, Cincinnati, OH 45202, USA
    1445 Walnut St, Cincinnati, OH 45202
    1447 Walnut St, Cincinnati, OH 45202
    1512 Moore St, Cincinnati, OH 45202
    20 E 15TH St, Cincinnati, OH 45202
    23 W Liberty St, Cincinnati, OH 45202

  2. Ann Witgen says:

    This makes me super excited! I live at 1443 Walnut and I cannot WAIT for the squatters to be removed from 1445 Walnut and 1447 Walnut.

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