Fifth & Race

Usually, when mentioned as a site for development, "Fifth and Race" refers to a lot on the northwest corner of the intersection of Race Street and Fifth Street. The city currently operates a parking lot there, but discussions have circled for several years on the site being developed. Also at that intersection are Saks Fifth Avenue, Macy’s and the Cincinnati Hilton Netherland Plaza. Currently 3CDC has been designated as the developer for the site.

Eagle Realty
Before 3CDC, Eagle Realty Group held the rights to develop the location. Eagle Realty planned "up to 60,000 square feet of retail on the site and as many as 500 condo units." Due to lack of progress, in January of 2008, City Manager Milton Dohoney gave Eagle Realty a "final offer"

3CDC
In September of 2008, City Manager Milton Dohoney and Economic Development Director Holly Childs accepted the terms of a deal giving development rights to 3CDC. The agreement with 3CDC also includes the development of a project on top of Macy’s downtown. Fifth Third Bank owns the air rights over the department store, and Cincinnati Development Group owns the property itself.

Map
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