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Cincinnati Business Courier
Local homebuilders lured north by large lots, amenities
Editor's note: The following story is part of a special publication, Growth in the Middle, examining the burgeoning corridor between Cincinnati and Dayton. Further coverage is available in the June 28 print edition. You can also find additional story links at the bottom of this article.<\p> Justin Seger grew up just north of Dayton in the ‘90s, traveling the 60-some miles down to Cincinnati to avail himself of the amenities of the big city – Reds games, the Cincinnati Zoo & Botanical Garden and Kings Island, among them.<\p>
Miami leads multimillion-dollar push in Butler, Warren region
Editor's note: The following story is part of a special publication, Growth in the Middle, examining the burgeoning corridor between Cincinnati and Dayton. Further coverage is available in the June 28 print edition. You can also find additional story links at the bottom of this article.<\p> Miami University is investing tens of millions of dollars in buildings to house data sciences, advanced manufacturing and innovation as it aims to keep growing its student body.<\p>
Target zone: Cincinnati-Dayton region soars as aerospace hub
Editor's note: The following story is part of a special publication, Growth in the Middle, examining the burgeoning corridor between Cincinnati and Dayton. Further coverage is available in the June 28 print edition. You can also find additional story links at the bottom of this article.<\p> The connective tissue between Cincinnati and Dayton might as well be the stuff of turbine blades. Such is the breadth and depth of the two regions’ aerospace sectors, led overwhelmingly by Wright-Patterson Air Force Base and GE Aerospace. Thanks to both, an astonishing number of defense contractors and engine parts suppliers are landing in the mega-region, and economic development professionals believe there’s much more room to grow. <\p>
Lights out? Area suburban office parks convert as workplace shifts
Editor's note: The following story is part of a special publication, Growth in the Middle, examining the burgeoning corridor between Cincinnati and Dayton. Further coverage is available in the June 28 print edition. You can also find additional story links at the bottom of this article.<\p> The area between Interstates 275 and 675 is a growing hub for both population and businesses. The rise of hybrid and remote work models and the shift in attitudes about the quality of offices, however, has led to a decline in the desire for traditional suburban spaces. As a result, many office parks in this bustling area now face an uncertain future.<\p>
As diners opt to eat closer to home, restaurants ready to meet them
Editor's note: The following story is part of a special publication, Growth in the Middle, examining the burgeoning corridor between Cincinnati and Dayton. Further coverage is available in the June 28 print edition. You can also find additional story links at the bottom of this article.<\p> It is no secret the area between Cincinnati and Dayton is quickly growing, and the upcoming Interstate 75 Millikin Way interchange project holds further promise for Tri-State restaurateurs looking to expand their footprint into this middle zone.<\p>
Visa, Mastercard 'swipe' fee settlement dealt a big blow
A nearly $30 billion settlement involving U.S. retailers and credit card giants Visa Inc. and Mastercard Inc. has been dealt a blow after a judge said it was unlikely she would approve the deal.<\p> During a June 13 hearing on preliminary approval of the proposed settlement involving “swipe” fees, U.S. District Judge for the Eastern District of New York Margo Brodie said she was unlikely to sign off on the deal. Brodie issued a written order on the case on June 25, and while the order itself was sealed, the accompanying memorandum on the court docket stated that the "court finds that it is not likely to grant final approval to the Settlement and accordingly denies Plaintiffs' motion for preliminary settlement approval."<\p>
Red-hot tech firm triples Cincinnati office space
One of the fastest-growing companies in Greater Cincinnati will triple its office space partly with the aim of luring remote workers back.<\p> CostQuest signed a long-term lease in June for 10,500 square feet on the top floor of the 97-year-old Hixson building at 659 Van Meter St. on the slopes of Mount Adams. The company will move in by September following retrofitting work. <\p>
$26 million NKY project hits construction milestone
Construction workers lowered the final steel beam into place June 26 at the future OneNKY Center in downtown Covington, marking a major milestone in the project's $26 million buildout. <\p> A slew of local leaders and government officials attended the topping-off ceremony, including Covington Mayor Joe Meyer, Kenton County Fiscal Court Judge/Executive Kris Knochelmann, state senators Chris McDaniel and Shelley Funke Frommeyer and state Rep. Stephanie Dietz. <\p>
New community wine bar, gathering spot opens in Cincinnati suburb
Symmes Township has a new wine bar and retail store.<\p> Wine Not Wine Bar quietly opened at 12090 Montgomery Road a few months ago, and now owner Mark Wimmers is ready to make the official announcement. He's gotten word out during the soft-opening phase by using word-of-mouth and social media.<\p>
Aldi sets opening for new Greater Cincinnati store
There will soon be a new place to shop for groceries in Clermont County.<\p> Aldi, known for its low prices and no-frills shopping experience, will celebrate a grand opening for its newly built, 25,000-square-foot store in Miami Township at 8:45 a.m. Thursday, June 27.<\p>
Major apartment project on hold after single-family homeowners object
A $50 million plan to build 168 low-income apartments in Bond Hill near dozens of single-family homes at the Villages of Daybreak has hit a wall after neighbors objected.<\p> The Cincinnati Planning Commission held up a needed zoning change and final development plan for the project June 21 but could take the matter up again in July.<\p>
‘Lock-in effect’ restricts homeowners despite inventory improvements
A U.S. housing market that continues to see home-price appreciation, paired with higher-for-longer mortgage rates, may prolong the lock-in effect that's stymied inventory the past couple of years.<\p> Many housing economists predicted 2024 would see more relief for homebuyers by way of greater inventory and households more willing to sell their homes after being tethered to record-low mortgage rates obtained during the Covid-19 pandemic.<\p>
Covington lands federal grant for $308M riverfront development
A huge windfall in federal dollars will, quite literally, pave the way forward at the 23-acre, $308 million Covington Central Riverfront site, where city officials and private developers are working to build a new neighborhood focused on connectivity, sustainability, innovation and jobs. <\p> The city of Covington, acting as the project's master developer, has received a $16.3 million grant for site work from the U.S. Department of Transportation’s Rebuilding American Infrastructure with Sustainability and Equity, or RAISE, program. <\p>
One of Greater Cincinnati’s largest accounting firms makes acquisition
Greater Cincinnati’s largest locally based accounting firm is acquiring another business.<\p> Downtown-based Clark Schaefer Hackett is adding Rolfes & Swisher, an Anderson Township-based accounting and advisory firm. The deal will close July 1. <\p>
One of Cincinnati's fastest-growing companies moving HQ
One of Cincinnati's fastest-growing private companies is moving into a new headquarters to accommodate its rapid growth.<\p> Benefits technology firm 4myBenefits Inc. is moving its headquarters from 4665 Cornell Road in Blue Ash just more than 2 miles down the road to McAuley Place, the former Mercy Health headquarters, at 4600 McAuley Place. The company is leasing 11,000 square feet in suite 250 and will nearly double in size to about 100 employees. 4myBenefits hopes to move in by August or September of this year.<\p>
‘A dream come true’: Chef duo ‘close’ to opening Wildweed in OTR
A Cincinnati chef couple is just weeks away from opening their first brick-and-mortar location following years of pop-ups around the nation.<\p> Wildweed is slated to open next month in Over-the-Rhine at 1301 Walnut St. An exact date has not been set. The 1,848-square-foot restaurant is a part of Cincinnati Center City Development Corp.’s (3CDC) $10.6 million Columbia Flats project.<\p>
Five things to know today, and the must-have kitchen accessory of 2024
Good morning, Cincinnati. Happy Wednesday. Here are the five business news stories you need to know today.<\p> Oakley Greens, an indoor and outdoor entertainment venue, bar and food hall, is officially opening at full capacity this Saturday following more than two-and-a-half years of construction. The 20,000-square-foot facility has two bars, a stage, two cabanas that can be rented out for private parties, two 18-hole miniature golf courses, a restaurant and more. Corrie Schaffeld has your first look inside, while reporter Christian LeDuc has the scoop.<\p>
WCPO 9 staffer announces departure
A WCPO-TV News 9 meteorologist has announced her resignation after five years with the station, marking the fifth staff member to depart in 2024.<\p> Raven Richard posted on her Facebook that Monday, June 24, would be her last day. Richard first joined WCPO in 2019, working as a traffic reporter and weather forecaster.<\p>
TQL Stadium to host U.S. Men's National Team international match
Cincinnati's TQL Stadium will play host to an international friendly match with the U.S. Men's National Team later this year.<\p> The U.S. Men's National Team will take on New Zealand at TQL Stadium Sept. 10, the seventh international match to take place on the home pitch of Major League Soccer franchise FC Cincinnati. The USMNT has never lost at TQL Stadium, including a 2021 victory over Mexico in a World Cup qualifier.<\p>
Fast-casual Columbus restaurant expanding to Cincinnati
A Columbus-based Middle Eastern and Mediterranean restaurant is expanding into the Tri-State.<\p> Shawerma Bite is opening its third location in Deerfield Township at 9329 Mason Montgomery Road. The 2,250-square-foot space is in the former New Balance/Lucky Shoes store building.<\p>
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