Watkins said there was only one location in 2016, four at the time the pandemic began and 21 now, with more, including Hamilton’s, on the way. “It’s going to help us keep companies here, but it’s also going to help us recruit new companies into Hamilton.”ĬOhatch, founded just six years ago, has seen rapid expansion over the course of the pandemic as work situations have shifted across the country. “We do believe as we move into the future, that there’s going to be different types of hybrid-work environments, and we think COhatch … is one of the premier ones, and to have that brand in our community is going to be just an incredible asset,” Smith said. Hamilton City Manager Joshua Smith said he believes bringing COhatch to downtown will help equip the city to manage increasingly common work-from-home or hybrid work environments, while providing a much-needed full service restaurant on High Street. Construction is estimated to begin July 2023 and run until July 2024. The $1.8 million Historic Preservation tax credit from the State of Ohio joins the roughly $2 million federal historic preservation tax credit that has already been awarded to the project. The application also stated the project would cost around $11.2 million, while creating 61 year-long construction jobs and three full-time operations jobs alongside 233 tenant jobs after completion. In its application to the State of Ohio for historical tax credits, COhatch estimated that the market value of the property would rise from its current $250,000 valuation to roughly $6.3 million after the project’s completion. Now that COhatch has committed to the project, Jody Gunderson, Hamilton’s director of economic impact, said the city will be looking into transferring ownership of the building through a development agreement “over the next couple of months.”
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