312 Plum

About 312 Plum

1. EXCELLENT BUILDING FUNDAMENTALS
The building features sleek and timeless glass lines bringing excellent natural light into the space with incredible 360 views of Downtown Cincinnati, including views of the Ohio River, Paycor Stadium, and The Banks. The open floor plans are ideal for a traditional office user or adaptive reuse, providing a multitude of options for configuration of the space.

2. UPSIDE PARKING POTENTIAL
The 266-space parking garage on the first four levels of the building providing users convenient, onsite parking and an opportunity to enhance cash-flow potential through public-facing parking options for transient visitors.

3. CREDITS, INCENTIVES, AND ABATEMENTS
The owner of 312 Plum Street can apply for a variety of incentive programs, including but not limited to state and federal tax incentives, sales tax exemptions for construction materials, and real estate tax abatements on the improved value.

4. SOUTHWEST CBD MOMENTUM
With multiple conversions and recently completed new construction, the southwest quadrant continues to evolve into a vibrant residential and hospitality corridor within Downtown Cincinnati. 312 Plum Street’s proximity to The Banks, a preeminent mixed-use development along the Ohio River, and Fountain Square, the social heart of Downtown, positions it well for either a residential or hospitality adaptive reuse.

5. WALKABLE AND TRANSIT-ORIENTED LOCATION Cincinnati is one of the most walkable downtown areas in the country with a walkability index of 18.6 out of 20 and a walk-score of 95%. Holding true to this high index, 312 Plum Street is within a 10-minute walk of numerous amenities and points of interest.

6. STRONG MARKET FUNDAMENTALS FOR NEW MULTI-FAMILY CONSTRUCTION New Class-A multi-family product in the downtown Cincinnati market has recently outperformed the rest of the Cincinnati MSA. Pairing an average of 97% occupancy with an impressive $2.26/sf, these fundamentals present an exciting opportunity to redevelop 312 Plum Street into market-rate apartments.