This afternoon, the Cincinnati Center City Development Corporation—also known as 3CDC—announced its purchase of a major downtown landmark.
Constructed in 1981 at 16 stories tall, the Garfield Suites Hotel is one of Cincinnati’s largest and most iconic buildings. However, it has been dormant for over a decade now and went up for sale this past August.
Today, 3CDC announced that it had purchased the property and that the sale is expected to close imminently. A 3CDC spokesperson said the organization spent $3.75 million on the deal.
In previous years, many renovations and reimaginings of the Garfield Suites were announced by the building’s prior owner, but none ever came to fruition. The hotel’s location is prime real estate, as it sits directly between Fountain Square downtown and Court Street Plaza in Over-the-Rhine.
Although no plans have been finalized, 3CDC says it will convert the building into a mixed-use development.
“We recognize the importance of this building as a prime connector between the Fountain District, Court Street Plaza, and Over-the-Rhine,” Katie Westbrook, 3CDC’s Executive Vice President of Development, said in a statement. “It’s critical to reactivate this site along Vine Street, and we’re in the beginning stages of analyzing potential development plans.”
