$70M redevelopment planned for historic downtown Cincinnati office building

A Florida developer purchased a historic downtown Cincinnati office building and plans to
redevelop it into a mixed-use property.
Hudson Holdings, headquartered in Delray Beach, Fla., purchased the Textile Building from
Hertz Investment Group for $12 million. Andrew Greenbaum, principal and co-founder of
Hudson Holdings, said the company plans to turn the office building into a mixed-use project.
He estimates the redevelopment would be a $70 million project.
Greenbaum said Hudson Holdings specializes in historic adaptive re-use. The company buys
historic buildings, then converts them to a mix of office, hotel, residential and retail uses.