Atlanta-based Core5 Industrial Partners is gearing up to knock down an older building at the former Procter & Gamble Winton Hill site and replace it with a roughly 307,800-square-foot speculative industrial facility at 6031 Center Hill Avenue in Winton Hills. Local reports peg the project cost at about $33 million and indicate it could bring roughly 50 permanent full-time jobs to the neighborhood.
What Core5 Is Proposing
According to the Cincinnati Business Courier, Core5 plans to demolish the existing structure on the Winton Hill parcel and put up a new 307,800-square-foot speculative building, with a total price tag of around $33 million. Doug Armbruster, a senior vice president at Core5, told the Business Courier that “this is a little bit unusual because it is a teardown of an existing building” and described the project as a chance to deliver a modern, state-of-the-art facility that could help drive new jobs in the area.
City Filing And Tax Break
City records show that a Core5 affiliate has applied for a Community Reinvestment Area tax exemption that would grant a 15-year, 100 percent abatement on the value of improvements at 6031 Center Hill Avenue, per the City of Cincinnati meeting agenda. Those documents list the construction cost at approximately $23,777,550, which comes in noticeably lower than the roughly $33 million cited in trade coverage. The disparity appears to stem from what is being counted: the CRA paperwork references construction cost, while other reporting is likely referring to a broader all-in project total.
Site History And Local Context
The property occupies land that once formed part of Procter & Gamble's Winton Hill Business Center and has been marketed for redevelopment, as reported by WKRC Local 12. Commercial listings for 6031 Center Hill Avenue show the site at roughly 60 acres, according to a listing on LoopNet.
Next Steps
The city manager introduced the tax-abatement ordinance in early June, and it was placed on both committee and full council calendars for mid-June review, according to the agenda materials. If Cincinnati City Council signs off on the CRA exemption, the developer would be cleared to claim the abatement and move ahead with demolition and construction under the terms laid out in the application and ordinance included in the council packet.
If it moves forward, the Core5 project would rank among the larger industrial investments Winton Hills has seen in recent years and could help breathe new life into long-idle land along the Center Hill corridor. We will keep an eye on council votes and public filings as the proposal works its way through the city’s review process.
