Episode Transcript
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Speaker 1 (00:00):
This week on iHeart Sincy.
Speaker 2 (00:03):
Well businesses, right architects, and startup companies, tech companies, Folks
that needed a nice space, but they wanted to do
it at a reasonable price.
Speaker 1 (00:12):
Do you have a small business and you'd love to
have a cool office space, but you really can't afford it. Well,
today I'm speaking with Alec Luck. He's with Errand Real
Estate and Milwaukee developer who's come to Cincinnati. Their client
bought the old Queensgate Jail and they're redeveloping that big
eight story building for small business owners. We've got information
how you could rent your own office for less than
(00:34):
four hundred dollars a month. Coming up now on iHeart
Sincy with Sandy Collins. Welcome to the show. Today, we're
talking about Lyncinnati. It's a new development in the former
Queensgate Jail on Lynn Street. Alec Luck is my guest
representing Errand Real Estate and the new owner who is
revitalizing this landmark building into affordable and modern offices. They're
(00:55):
already renting to entrepreneurs, artists, photographers, attorneys and Alec information
on how you can move your business out of the
garage or other expensive office space and into Lincinnati. Alec,
did I get that right?
Speaker 3 (01:08):
Yes? Yeah, all right, Alec, tell.
Speaker 1 (01:11):
Me about you and this new project Lincinnati.
Speaker 3 (01:14):
I am the building's representative for Lincinnati.
Speaker 2 (01:16):
Aaron real Estate is the developer, and then Tom Gold
is the owner out of Boston, so it's sort of
the three of us. We took some buildings in Milwaukee's
really where the process starts. Tom Gold owns some buildings
there and working with Errand, they looked at what would
have good reuse for those buildings. Be started building out
(01:37):
small studios one at a time.
Speaker 3 (01:39):
You centered around large windows, lots of natural light.
Speaker 2 (01:42):
Found that they had a really big audience amongst the
artists community, and then ultimately it led into small businesses,
right architects and startup companies, tech companies, folks that needed
a nice space, but they wanted to do it at
a reasonable price. So when Errand and Tom Gold sort
of looking down here in Cincinnati, we looked at over
(02:03):
ten buildings trying to identify some thing because we kind
of need the right bones. You know, there has to
be a building in which we can do a cost
effective renovation that allows us to keep those prices down
but also provide a quality product, and ultimately we settled
on the old Queen's Kate Jail.
Speaker 1 (02:19):
The biggest complaint for people that are outside of this
whole development world is that why can't they just you know,
why don'ty always have to tear down the cool, great
buildings and build new And obviously people feel like there's
less quality there. So there is a formula in your
mind that you can take some of these old buildings
and make it cost effective.
Speaker 2 (02:40):
Yeah, I mean you have to find the right building
and it has to be the right product.
Speaker 3 (02:44):
I mean that's the other thing. If we had taken
this jail and said we want to turn it into.
Speaker 2 (02:48):
Apartments, wouldn't have worked right, way too expensive.
Speaker 1 (02:52):
Because you would have had to have more amenities in
the building.
Speaker 2 (02:55):
To do apartments. I mean, so much around development right.
The unfortunately is that it's your your zoning laws and
it's your building code that really determine what you can
do right. So you know, how many sprinklers do you
have to have, right, how far apart do they need
to be, how many staircases, what do the hallways need
to look like?
Speaker 3 (03:15):
All that stuff comes into play.
Speaker 2 (03:16):
And so when you're looking at historic buildings, which is
what we love to do. You got to find the
right building and then find the right product for us,
the product that we like to do. You know, we
develop with an eye toward cost effectiveness.
Speaker 3 (03:29):
Right. So for instance, our HVAC.
Speaker 2 (03:31):
You know, all of our spaces are heated and cooled,
but unlike Class A office, you don't have control of
the temperature inside your own studio. Right to do units
in each studio is very expensive. So what we did
is actually recycled the system from the jails. There's two
big units on each floor north and south. They keep
(03:51):
the studios cooled and heated and they work beautifully.
Speaker 3 (03:55):
But we recycled the duct work, We recycled.
Speaker 2 (03:57):
You know, where they were in the building, and so
that saved us, you know, for a million dollars, right,
and those costs passed down to the tenants in their
in their rent.
Speaker 1 (04:05):
Sure, the Lincinnati project is now geared towards the art
community and other small businesses that need a place to uh,
a physical place to work. Tell me about the tenants
that are coming in now and what you have room for.
Speaker 2 (04:22):
You know, that's one thing that I do like to
emphasize is that it's not just artists. I mean, you know,
we always kind of say that we're the first rung
on the commercial real estate ladder. So whether you're an
artist who's trying to get out of their garage or
out of their second bedroom or a small business, right,
you've got inventory that you're storing. Your wife is furious
because you know, you've got stuff all over the garage.
(04:43):
We provide, you know, cost effective and good looking, clean
painted space for you to get out of the house,
to get somewhere that's a little bit more.
Speaker 3 (04:53):
A little bit more professional.
Speaker 2 (04:54):
You know, it's a lot of folks that like to
get out of their home to do, you know, to work.
Speaker 3 (04:57):
They want to get out of their home to create art.
Speaker 2 (05:00):
And so in that way, you know, we are that
first stop, right if you need something that's not going
to break the bank, but you want a place.
Speaker 3 (05:07):
That you can pitch to clients.
Speaker 2 (05:08):
Right, So in our building now, I mean we've got
everything from in home healthcare offices, business consultants. I've got
you know, landscaping companies, construction management offices.
Speaker 3 (05:18):
I've got painters, photographers, metal jewelry makers.
Speaker 2 (05:22):
Right, I mean, it runs a whole gamut, and you know,
over the last month we're looking at a large group
of folks to move into October, and it's just as
diverse as the first one, and diverse, you know as
far as the types of businesses, the types of artists,
and also the demographics.
Speaker 3 (05:36):
I mean, we have, you know, a very diverse group
of tenants as far as ages and ethnicities.
Speaker 2 (05:42):
And it's a really beautiful thing to see because it's
just people trying to get their start and that's something
that we think we can help them with.
Speaker 1 (05:48):
So to help people picture exactly what you're talking about,
you're talking about exposed brick, You're talking about kind of
a warehouse feel, Can you describe it a little bit
more so people can get a mental picture of how
your office space looks different than the traditional and boring
office spaces.
Speaker 3 (06:05):
Yeah.
Speaker 2 (06:06):
So, I mean what we did in this building, you know,
before it was a jail, it was a warehouse for
a machine company locally, we took the concrete floors, we
polished them, between the columns that support the building.
Speaker 3 (06:18):
We essentially just put up.
Speaker 2 (06:19):
Dry wall insulation, a little bit of soundproofing, very industrial
light fixtures. Everything's painted very neutral, and then almost all
the studios there's nineteen on every floor four of them
do not have windows, which we're finding, you know, are
attractive to videographers, photographers, people.
Speaker 3 (06:38):
Who like to control the light.
Speaker 2 (06:39):
The other fifteen all have windows, so they're centered on
one or two windows.
Speaker 3 (06:44):
Inside of the studio.
Speaker 2 (06:46):
Ceilings are you know, eleven ish feet tall, so nice
tall ceilings. We don't even take out you know, old
plumbing and stuff.
Speaker 3 (06:54):
We just paint it right. So again it's that gritty raw.
Speaker 2 (06:58):
It's clean, it's painted, but we didn't go in and
strip all the old stuff out right, even if it's
not being used, because it just adds character and it
would frankly, would cost us a lot of.
Speaker 3 (07:06):
Money to do.
Speaker 1 (07:08):
You're kind of describing the new iHeart studios that we
have put together here about three years ago. I tell
people that it looks like a cross between a hospital
emergency room. It's all white and Chipotle because all of
the ceiling is exposed and all of the duct work
and all of the pipes, and it really does give
(07:28):
a very cool vibe. If you just joined us. I'm
Sandy Collins. This is iHeart Cincy. Today. I'm speaking with
the representative of Aaron Real Estate. His name is Alec Luck,
and he is overseeing the Lincinnati project, which is refurbishing
the Queensgate Jail into industrial office space that's affordable here
in the Tri State. I've seen some of the photos
(07:50):
of the Lincinnati building, which is the former Queen's Gate
correctional facility. They're turning it into these offices that are affordable.
So how affordable? Somebody says, Okay, well, Lookston, I got
a small bitusiness. You know, I can't afford one thousand
dollars two thousand dollars a month rent. Your prices are
less than that, So you know what kind of a
commitment are you talking about when you're asking somebody to
rent a small space there.
Speaker 2 (08:12):
So our first wave, it's an eight story building. We
have three floors done. We're about to begin the next three.
I had fifty seven studios in my first set. Of
the studios that I have left, the most affordable would
be three hundred and fifty a month at our releases
include utilities, so you know that's your flat number. The
(08:32):
only thing that tenants would have to pay for above
that would be if they want dedicated internet. The building
is run with fiber to all to fiber serves the building,
and if they want that. It's just like setting up
an apartment, right, they call, they run a line in,
and then.
Speaker 3 (08:46):
You've got your internet.
Speaker 2 (08:47):
I'm so, the most inexpensive I would have is three
hundred and fifty. The most expensive unit I have left
is about seven hundred and fifty.
Speaker 3 (08:54):
And that's as built.
Speaker 2 (08:55):
It's also worth noting, you know, and then it runs
the gamut, right, how big is the space, does it
have windows? Those things all factor in on the higher side.
It's also interesting too, just you know, while we're discussing this,
you know, we have tenants in our Milwaukee building, for example,
that have grown from four hundred square feet to four thousand, right,
and now occupy half of the floor. So I have
(09:17):
several tenants that I'm working with right now that are
actually taking two suites and combining them together, right, so
we remove some of the all between the suites, and
then they.
Speaker 3 (09:25):
Can build things out as needed.
Speaker 1 (09:27):
So there's a lot of flexibility and a lot of affordability,
especially for small business people who are wanting to have
their own cool space. Of course, I read there's a
twenty four to seven access Is that correct?
Speaker 3 (09:40):
There is, yeah, and that's.
Speaker 1 (09:41):
Kind of unusual for some spaces.
Speaker 3 (09:44):
Yeah, I think so.
Speaker 2 (09:46):
And it's all through an app, you know, so it's
very easy to get in and out of the building.
The building is open to the public during business hours,
you know, if you're like, we have interior designers, right,
events planners, so they have got people come in and
out during the day.
Speaker 3 (09:58):
But yes, the building is to tenants four hours.
Speaker 1 (10:01):
That's great. Now, it's it's very much tempting to think
about living in your space, which is not part of
the lease. How do you control that?
Speaker 3 (10:14):
You know?
Speaker 2 (10:14):
Some of it is just that we're very in tune
with the tenants. We build great communities where we go
and it would probably be noticeable. Yes, the other day,
we have bathrooms on each floor. They're very cool. We
actually built out all of the stalls and sinks ourselves
in the buildings. They're all metaled and they're very cool.
But there are no individual bathrooms as of right now.
Speaker 3 (10:35):
So that there's their showers either.
Speaker 2 (10:37):
So I mean you could cat bath in one of
the bathrooms, but at some point.
Speaker 3 (10:40):
Someone might notice.
Speaker 1 (10:41):
Yeah, And the reason they're calling it Lencinnati is because.
Speaker 3 (10:45):
It is on Lyn Street.
Speaker 1 (10:47):
The craftiness and creativity is amazing. So if somebody wants
to find out more about this opportunity for small businesses
to rent these affordable spaces in a great new thriving
area at the Queen's Gate Correctional Facility. Formerly, how do
we get ahold of you?
Speaker 2 (11:02):
Alex so Lincinnati dot Com is the easiest way you
can get on there and submit, you know, a request
for information.
Speaker 3 (11:11):
I'll reach out.
Speaker 2 (11:13):
My phone number is on there, my email is on there,
and then in the next couple of weeks, do keep
an eye out because we will have a series of
stories like this one and others as we begin painting.
Speaker 3 (11:24):
We have a gigantic mural going on.
Speaker 2 (11:27):
The north wall of the building, so taking down the
ugly jail stripes and giving it a fresh face. There's
gonna be a very fun, very dynamic mural going up
starting hopefully next week. So hopefully they'll be seeing us
around and it'll be easy enough to.
Speaker 1 (11:42):
Any clue what the image is going to be or
is it secret.
Speaker 3 (11:47):
It is still secret.
Speaker 2 (11:49):
I will say I think people will be shocked, and
everyone that we have shown it to has been a
little bit shocked. They're kind of speechless for a couple
of seconds, and then they kind of smile.
Speaker 3 (12:00):
I like that.
Speaker 1 (12:01):
Oh so they're peaking our interest big time.
Speaker 2 (12:04):
When we looked around you discussing concepts, there's there are
things that would play with.
Speaker 3 (12:10):
It, but it's it's it's unique. There's nothing quite like it.
It'll be, it'll be I think it'll it'll catch your
eye if we hope that people.
Speaker 1 (12:17):
Will love it all right, Alec Luck from Aaron to
real estate development. They're working on the Lincinnati project, which
is building those small office spaces and uh, very industrial
kind of feel for the inside the former Queen's Gate
correctional facilities. So glad to see that that huge building
is being reused. Thanks for taking time to talk to
us about it. I'm really excited to see it fill
(12:40):
up and more people get a place, a very cool
place to have their clients come in.
Speaker 3 (12:44):
Yes, Sandy, thank you so much for having us the.
Speaker 1 (12:46):
Website Lyncinnati dot com. That's l I n n sinnati.
You know how to spell that. My guest, Alec Luck,
thanks so much. That's the show for this week. If
you have any comments or suggestions, email me at I
heart Sincy with an eye at the end at iHeartMedia
dot com. Iheartsinsey at iHeartMedia dot com. You can check
out the podcast free on the iHeartRadio app. Just look
(13:08):
for Iheartsinsey with Sandy Collins. Thanks for listening.
Speaker 3 (13:12):
iHeart Cincy is a production of iHeartMedia Cincinnati,