CINCINNATI — Cincinnati Children’s Hospital Medical Center purchased a newly built office building within the Cincinnati Innovation District.

What You Need To Know

  • Cincinnati Children’s Hospital Medical Center purchased a newly built office building within the Cincinnati Innovation District

  • The new facility will create 100 new research jobs and increase federally funded research initiatives

  • The facility will take nine to 12 months to complete 

As part of the JobsOhio agreement, Cincinnati Children’s will create 100 new research jobs and increase federally funded research initiatives.

The space will be home to more than 200 employees focused on non-laboratory research. The health system will occupy the top two floors of the six-story, 180,000-square-foot building.

The purchase price has not been disclosed, but JobsOhio gave a $32 million low-interest loan to help with the purchase.

J.P. Nauseef, CEO of JobsOhio, emphasized the move’s transformative effect on the Innovation District and its potential for collaboration with nearby institutions.

 

According to Dr. Steve Davis, president and CEO of Cincinnati Children’s, the top two floors, totaling 60,000 square feet, will be for Cincinnati Children’s and the four lower floors will be leased to organizations that align with the growing innovation environment in Uptown.

The lower space will also feature a dining area.

Ohio Gov. Mike DeWine and Lt. Gov. Jon Husted commended the acquisition, highlighting its impact on child health research and innovation in Ohio.

TriVersity Construction will oversee the interior build-out for the facility, which will take nine to 12 months to complete. Employees currently in the Burnet Campus will transition to the new facility once renovations are complete.

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