Ucp 3 2014 commercial

University Commerce Park

Miami University Hamilton

University Commerce Park Hamilton, Ohio

CityBof Hamilton U T L E R C O U NT Y O H I O

Site Detail Knightsbridge Dr

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Railroad Grade Separation Project

Vora University Blvd

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Site Context

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University Commerce Park is the newest of Hamilton’s business parks, home to approximately 60 acres of municipally-owned, undeveloped land across from Vora Technology Park and Miami University Hamilton, and only seconds from downtown.

University Commerce Park holds very exciting development potential, and a planned transportation improvement project, South Hamilton Crossing, will drastically improve access to the site.

Miami U Hamilton

University Commerce Park

Site Map University Commerce Park Drive Time 45015 (Hamilton), OH Drive Time: 5, 10, 15 Minutes

5, 10, & 15 Minute Drive Time Maps

Latitude: 39.38267 Longitude: -84.56141

Site Detail Owner

City of Hamilton

Asking Price

$65,000/acre

Acreage

60 acres total, can be divided Adjacent

Distance to Vora Technology Park Distance to Miami University Hamilton Distance to Downtown Hamilton

Ajacent 2 miles, 5 minutes

Workforce 2012 Population Age 20 - 64 5 minute drive 10 minute drive 15 minute drive

13,848 52,355 113,453

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Near UCP Vora Technology Park University Commerce Park is located near Vora Technology Park, which offers 365,000 square feet of Class A office space and a secure state-of-the-art data center. Vora Technology Park has redundant energy, cooling, and fiber optic networks throughout and includes a number of green features, including recycling the facility’s gray water for irrigation purposes on site and at Miami University Hamilton.

Vora Technology Park is home to a number of companies, including Aims, which offers hosting and cloud services to clients, Koncert IT, which partners with Kroger on a pharmacy call center, and Amstan Logistics, a logistics company. The state-of-the-art facility has 165,000 square feet available and is experiencing a significant amount of interest from prospective tenants.

Vora Technology Park

Miami University-Hamilton University Commerce Park is adjacent to Miami UniversityHamilton (MU-Hamilton), one of Miami University’s regional campuses. The regional campus has approximately 5,000 students. MU-Hamilton offers a full quality Miami education with excellent faculty and state-of-the-art classroom technology.

MU-Hamilton is continuing to expand its course offerings, adding more 4 year degrees at the branch campus, including in the fields of information technology and engineering.

Miami University Hamilton

Downtown Hamilton University Commerce Park is located two miles from downtown Hamilton, which is currently undergoing a renaissance. In the past few years, downtown has seen an increased in investment, including a new apartment building and another one under construction, new retail options, and a very popular Summer Concert Series, which brings thousands of people into downtown from May to September.

Downtown Hamilton during the Operation Pumpkin festival 3

University Commerce Park Master Plan

City of Hamilton Electrical Power Facility

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University Commerce Park’s Master Plan was developed in 2013 and is envisioned as a mixed-use development that includes residential, commercial, office, and industrial uses. University Commerce Park is designed to be a walkable, urban campus that emphasizes connectivity with surrounding uses and green features such as bike lanes and bioswales.

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Target Land Uses Industrial District Business, Office, Industrial District

Residential District

University Boulevard Road Improvements

SHX Improvements

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Form Based Zoning The City has implemented Form-Based Zoning in University Commerce Park as part of its efforts to ensure that the future development within UCP promotes economic development, creates jobs, and capitalizes on geographic proximity to Miami University Hamilton and Vora Technology Park.

Form-based zoning focuses on the design of the buildings and allows for a wider range of mixed uses within the buildings. UCP-1 is zoned primarily as a residential area but allows commercial and encourages mixed uses. UCP-2 is focused on commercial, office, and industrial uses.

UCP-1 and UCP-2 both encourage more urban, walkable development and a mix of uses.

South Hamilton Crossing (SHX) Plans are currently being prepared and construction is expected to start in 2016 for SHX which will provide direct vehicular access from Ohio Route 4 and Pleasant Avenue (US 127) into UCP. SHX is a $20 million Ohio Department of Transportation and City of Hamilton project that will extend Grand Boulevard west over the existing Norfolk Southern Railroad tracts into UCP. Grand Boulevard currently intersects Ohio Route 4 and is planned to intersect US Route 127 (Pleasant Avenue) which will provide direct vehicular access south to Interstate 275. SHX is expected to greatly enhance access to UCP and surrounding uses, opening up the area for economic development.

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Commercial/Office District Proposed Commercial/Office Character

• Commercial/office buildings to be high quality material • Designed to create an urban, walkable feel • Mixed-use with retail on the first floor encouraged • Street trees to provide shade during warm months of summer and to enhance aesthetics • Green features, like bioswales and permeable pavement to reduce surface runoff, are encouraged

Proposed Building Character

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Incentives Real Estate Discount

Community Reinvestment Area

University Commerce Park is owned by the City of Hamilton, providing the City the opportunity to work with prospective businesses, including the ability to offer discounted real estate.

The Community Reinvestment Area (CRA) provides property owners a tax exemption for investing in property improvements. The goal of the CRA is to incentivize revitalization where barriers to investment exist.

Utility Development Agreement

The CRA tax exemption is available for both residential and commercial development and both new development and renovations. The CRA tax exemption can be utilized throughout Hamilton. The abatement is for ten years.

With municipally owned and operated utilities, the City of Hamilton is not only one of Ohio’s lowest-cost providers of electricity, natural gas, water & wastewater, but, additionally, the City is committed to working with your company from the beginning to ensure that service to the site is ample and will explore ways to control and lower utility costs as you grow. Agreements may be entered into between the developer and the City on a case by case basis based upon the economic impact a project has on the community.

Tax Increment Financing Tax Increment Financing (TIF) is an economic development mechanism available to local governments in Ohio to finance public infrastructure improvements. A TIF works by locking in the taxable worth of real property at the value it holds at the time the authorizing legislation was approved.

Payments derived from the increased assessed value of any improvement to real property beyond that amount are directed towards a separate fund to finance the construction of public infrastructure defined within the TIF legislation. Hamilton has enacted legislation to utilize TIF financing and often works with potential development to allow parcels to benefit from TIF financing.

Hamilton skyline. Photo credit Scott Merrill.

CRA can be use for: • • • •

New construction Expansion Building improvements Residential, commercial, and industrial

Applications will be considered on a case-by-case basis for investment dollar and job creation potential. The tax exemption percentage will be determined on a case-by-case basis and final exemption value is determined by the Butler County Auditor.

Renovation New Construction

Maximum Term in Years 12 15

% of New Value Exempted* 50% 50%

Min. New Investment $5,000 $5,000

*Maximum without school board approval

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About Hamilton Located in the heart of the Cincinnati-Dayton metroplex, Hamilton is Butler County’s Seat of government and its center for finance, industry, arts and culture. Hamilton, Ohio is the second largest city in the tri-state Cincinnati region. The City of Hamilton is unique in that it owns and operates all four major utilities: electric, natural gas, water and wastewater. It is consistently among the most affordable providers of utilities in the entire state of Ohio. Along with its affordability, Hamilton is among the most progressive in sustainable electric power generation. Approximately 65% of its power generation will come from renewable resources by 2014.

Hamilton was founded in 1791 as an army outpost named Fort Hamilton after founding father, Alexander Hamilton.

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Proximity to Major Markets

IN

CITY Cincinnati, OH Dayton, OH Columbus, OH Indianapolis, IN Lexington, KY Louisville, KY Toledo, OH Detroit, MI Cleveland, OH Chicago, IL Pittsburgh, PA

OH

KY

MILES 25 35 98 110 110 140 190 247 248 274 281

Hamilton Enterprise Park Hamilton, Ohio 45015

Contact Us

Jody T. Gunderson Economic Development Director City of Hamilton, Ohio 513.785.7070 gundersoj@hamilton-oh.gov

CityBof Hamilton U T LER CO U NT Y OHIO