Restoration Project

Madison Marquette Development Co. (Cincinnati) has announced plans to renovate the old McAlpin's department store in downtown Cincinnati, closed since 1996. The $27 million project, which will include adjacent properties at the city's Race Street and Fourth Street intersection, will involve restaurants and office space as well as new retail. Tenants for the property have not yet been announced, but previous Madison Marquette projects have involved names such as Ann Taylor and Williams-Sonoma. It will not, in any case, be another department store, according to Madison Marquette development director Robert Acker.

The five- and six-story buildings would house about 65,000 square feet of retail space and about 80,000 square feet of office space. Initial plans show the building linking up, via the city's skywalk system, with Tower Place Mall, Cincinnati's upscale downtown shopping center.