PROPOSED DEVELOPMENT IN HYDE PARK

In an attempt to keep our neighbors and community members informed, a group of concerned citizens put together a summary of the current proposed development project in Hyde Park along Madison Road beginning across from Busken Bakery and extending down Madison and along Besuden Court. 

Who? Capital Investment Group (CIG) purchased several properties along Madison Road and Besuden Court with the intention of building a mixed use development.

Where? The subject property includes 2654 (site of Guarantee Rate), 2662 (Schuh & Goldberg Law Office), 2658 (private residence),  2680 (former Pig & Whistle), 2682 (site of LaRosa’s) on Madison Road; and 3636, 3640, 3646, 3648 on Besuden Court. Click here for an outline of the property.

 

UPDATED 4/10 (Please refer to the most recent plans for more details)

CIG’s goal is create a mixed use building (retail, office, apartments) that consists of:

  • 2.1 Acres
  • Height: 72 Feet, 6 stories – 2 stories of parking / 4 stories of residential
  • Apartments – 170 units
  • Retail Space – 14,865 SF
  • Parking – 324 Spaces

In order to move forward with this project, CIG will need to receive approval of a Planned Development (PD) to change the zoning on several properties from the Planning Commission and ultimately Cincinnati City Council. Click here for a graphic of the concept rendering.

PHOTOS (Renderings, maps, zoning,etc)

SEE PHOTOS

OUR NEIGHBORHOOD CONCERNS

INCREASED TRAFFIC

This is the biggest concern for many residents. Madison Road is already a major traffic concern, especially around holiday season given the popularity of Rookwood Shopping Center. There is worry that with the increased traffic flow coming from this development we will see more vehicle-vehicle and vehicle-pedestrian accidents as well as delays and back ups along Madison and the surrounding residential streets (i.e. Zumstein, Mooney, Burch). A full traffic study – especially during holiday season – and traffic plan have been requested. Vehicle entrance to the property parking is planned for the Madison/Zumstein intersection.

PARKING

Many community members are concerned about the parking plan being insufficient causing overflow parking on side residential streets. The current plan consists of a total of 321 parking spaces – 237 for residential apartments (1.32 spaces per unit), 67 retail, and 17 office. Parking requirements for restaurants and retail differ per square foot. A detailed parking calculation report has been requested to verify the necessary number of spots are provided.

SIZE

Residents have expressed concern over the size and scope of the building. We do not believe the renderings of the facades have architectural articulation or model traditional Hyde Park buildings. The architecture does not blend well with the surrounding areas. Community members of Hyde park are concerned that this development will decrease property values and lessen the character of our neighborhood. There is also concern about the three isolated properties not included in the subject property and how that will fit into the planned development.

RESIDENTIAL DENSITY

Under the current CC-A zoning, the city code lot area requirement for square footage per residential dwelling is 700 sq. ft. per residential dwelling unit. The proposed development has only 473 sq. ft. per dwelling unit. This is 49% greater density than allowed by the current zoning. This proposed density is greater than any dwelling density allowed in anywhere in the entire city except for the downtown district. It is a concern that excessive density will lead to lower property values and greater traffic for nearby homes.

TAKE ACTION

Join us in speaking out against the planned development

SIGN PETITION

Sign the petition and voice your opinion

CALL

Call your council members

INFORM

Download the flyer and inform neighbors about the project

MEETING

Attend an upcoming meeting

WRITE

Email / write to your council members

Get in Touch

Stay up to date on the latest news

hydeparkmatters@gmail.com