College Hill Station
Long-vacant land at critical intersection to become vibrant, mixed-use development
Located at the northern end of the College Hill Business District, College Hill Station will transform over 4.5 acres of long-vacant land at the intersection of Hamilton Avenue and North Bend Road into a vibrant, mixed-use development. The last businesses that operated on the site location closed back in 2002 and the property has been sitting vacant, until now. The development will add density and housing units to the neighborhood which has invested significantly in its business district in recent years. This project has been a community dream for nearly 15 years and is estimated to be completed mid-2021.
- Pennrose to build $30M College Hill Station (Business Courier)
- New mixed-use project coming to College Hill (Enquirer)
- College Hill advocates’ 15-year dream of Hamilton Avenue redevelopment might be coming true (WCPO)
The Port is supporting the development through the issuance of taxable lease bonds and long-term lease.
Impact:
The finished project will create an anticipated 22 new full-time jobs with an estimated annual payroll of $665,000 within 18-months of project completion, and 60 temporary full-time equivalent construction jobs with an estimated payroll of $6,287,517.Project Specs:
The Port will be issuing up to $22M in taxable revenue bonds to support the project and will also enter into a long-term lease. The College Hill Station development includes:- 171 market-rate apartments
- 10,530 SF of street-level retail
- 240-space parking lot
- Streetscape improvements
Partners
