Artspace Projects, Inc. is planning to develop 42 units of affordable live-work housing for artists and creative professionals in downtown Hamilton, Ohio. In the process, Artspace will transform the currently vacant historic building located at 220-224 High Street into a community asset that will provide ground floor space for local non-profit organizations, commercial space for small businesses, and outdoor plaza areas for residents and the community to enjoy.
The Artspace Hamilton Lofts project will complement the historic rehabilitation occurring at the neighboring Mercantile Lofts. The completion of these adjacent mixed-use projects will advance economic development efforts on High Street downtown through a concentration of residential density. That density will contribute to a sense of vibrancy and happening as well as attracting further retail and business options. The Artspace Hamilton Lofts project will assist in the continued economic revitalization of Hamilton’s downtown and riverfront area. Utilizing the Arts to spur economic development is a strategy that has worked across the U.S.
Background of the Site:
In October of 2006, Artspace Projects, Inc. was invited to Hamilton to perform a Preliminary Feasibility
visit to assess the viability of an affordable, mixed-use, arts-based live/work project within close proximity of the Central Business District. While few cities with a population less than 100,000 could support an ideal project of 30-35 residential units, a Market Study
quickly determined that Hamilton was an exception.
The rehabilitation of the former Hamilton Center into the Hamilton Artspace Lofts has begun. With forty-two (42) 1, 2 and 3 bedroom apartments when completed, this building will transform the face of Downtown Hamilton. The four-storey 16,000 square feet building will be the creative intersection of live, work and play in the City’s downtown core.
Funding for Artspace Lofts and its complementary plaza project comes from a wide variety of private and public sources including:
• Private Philanthropic Contributions
• State of Ohio Historic Tax Credits
• Ohio Housing Finance Agency LIHTC program
• Hamilton Community Foundation
• National Endowment for the Arts – Our Town Grant
• City of Hamilton HOME funds
• City of Hamilton Community Development Block Grant funds (Plaza only)
What is Artspace Projects, Inc.?
Artspace’s mission is to create, foster, and preserve affordable space for those engaged in creative pursuits, and arts organizations. It pursues this unique mission through development projects, asset management activities, consulting services, and community-building activities that serve artists and arts organizations of all disciplines, cultures, and economic circumstances. By creating this space, Artspace supports the continued professional growth of artists, and enhances the cultural and economic vitality of the surrounding community.
The City of Hamilton and the Hamilton Community Foundation have contracted with Minneapolis-based Artspace Projects, Inc., a leading non-profit real estate developer for the arts with over 9000 dwelling units created in 28 separate projects around the country, including Portland, Oregon; Seattle Washington, DC; and Chicago, IL
Project Website: http://www.artspacehamilton.org/
Artspace Hamilton Lofts Facebook
Artspace Hamilton Lofts Video Tour
Latest Project News:
- The Artspace Hamilton Lofts project was awarded $2.3M in Ohio Historic Tax Credits by the Ohio Department of Development on June 26, 2012.
- Preliminary Unit Floor Plans submitted for review on June 27, 2012.
- The Artspace Hamilton Lofts project was awarded $5.7M in Low Income Housing Tax Credits (LIHTC) by the Ohio Housing Finance Agency on June 12, 2013.
- Construction Plans submitted for review on November 21, 2013.
- Project Summary