Market Square at Findlay Market is a mixed-use redevelopment encompassing the complete renovation of twelve buildings northeast of the historic Findlay Market (operating since 1855) in the Over-the-Rhine neighborhood of Cincinnati. Over 50% of residents in this neighborhood live in poverty and 25% are unemployed. To reinvest in the community, 23 apartments and 47,576 sq. ft. of retail and office space will replace structures that have been vacant since the 1970s. Retail tenants will include food vendors and businesses that complement the fully-occupied Findlay Market that attracts more than a million shoppers annually. Market Square will have fourteen mixed-income one-bedroom apartments and nine two-bedroom apartments. The project will create an estimated 289 construction jobs and 145 permanent jobs.
Leveraging federal and state New Markets Tax Credits and Historic Tax Credits, Market Square will offer a vibrant community for residents of all income brackets and include access to jobs, healthy food, restaurants, retail, office space, and other businesses. Partners for the Common Good worked with frequent partner, IFF, for this $18.8 million loan.