Community Vision Becoming Reality in Madisonville
glaserworks is designing a new mixed-use building with 104 apartments above 24,000 square feet of commercial space in the heart of Madisonville. The project, located at the intersection of Madison and Whetsel Avenues, ushers in a new era for the historic business district.
Publication: Cincinnati Business Courier
Author: Tom Demeropolis
Title: Madisonville gets another chance
The redevelopment of Madisonville’s business district has been a decade in the making and now work is finally expected to start on a project that should kick-start it, which is at the intersection of Madison Road and Whetsel Avenue …
Real estate developer Ackermann Group plans to break ground on the first of three phases of development at the intersection of Madison Road and Whetsel Avenue this year. The first phase is expected to include a new mixed-use building with 24,000 square feet of commercial space topped by 104 apartments, renovations and upgrades for the existing Madisonville Retail Center at 5818 Madison Road and the historic Fifth Third Building that will be home to a brewery. In total, $30 million will be invested in the first of a planned three-phase development.
Jeff Raser, principal with Glaserworks, said this project has taken a lot of feedback from the community and made it part of the development. “The community cares,” Raser said. “They are willing to meet and express opinions before things happen.”
Raser sees this first phase as the spark that will fan the flames of redevelopment in the neighborhood.
“This building, this corner, is just the beginning,” Raser said. “We’re going to rebuild Madisonville’s downtown. We’re just getting started.”
It helps that the residents of Madisonville went through the form-based code and quality-of-life planning. When it came time to craft a Request for Quotation, Madisonville had a clear picture of what it wanted.
“They did all the groundwork, they defined who they are and where they are going,” Ackermann said.
The redevelopment of Madisonville’s heart is expected to bring hundreds of new residents, increase property values, create new jobs and businesses and continue to strengthen the economic comeback of the city. The hope is that the work here will connect to other developments in the neighborhood, such as the $115 million Medpace campus expansion and the $25 million RED apartment development, to create another vibrant part of the region.
6/25/2018 WCPO coverage: “Here’s how Madisonville will be reshaped in the coming years”