Forbes magazine has an article on the top U.S. cities with emerging downtowns and Cincinnati, Ohio made this list! Downtown Cincinnati saw a residential population increase of 12% in 2011.
- $1.3 billion in downtown projects invested
- 2.6 miles streetcar line under construction
- $120 million 45-acre riverfront park (Smale Park)
- 18-acre mixed-use Banks project with 98% occupancy for the apartments
- Horseshoe Casino ($400 million, 354,000 square foot gaming center)
Per this article, college-educated professionals between the ages of 25 and 34 tend to want to live in urban neighborhoods that are near to their work with entertainment and shopping options close by. These potential home buyers are in the forefront of the expansion of downtown living and play a key role in urban revitalization.
Says, Lee Fisher, president of CEOs for Cities for Forbes magazine, “The cities that capture the mobile, college-educated ‘young and restless’ are the ones who are most likely to revitalized their downtowns and accelerate economic progress in their cities.”
Do you have a favorite restaurant (Bakersfield’s fish tacos? Taste of Belgium for Brunch? Yummy!) , park or activity downtown? Are you thinking about moving downtown? Call me, I know lots of downtown properties available for sale!