Fourth and Vine Tower

By June 2019, City Club was planning a $103.5 million residential conversion of the main portion of Fourth and Vine Tower, which was 70% vacant at the time. The converted building would feature 262 apartment units, 10% of which would be [[Affordable housing|affordable]], as well as 30,000 square feet of retail space. The revamped Fourth and Vine Tower would also be directly integrated with the City Club Apartments building. City Club sought a $2.5 million forgivable loan and a 30-year [[tax increment financing]] (TIF) agreement from the [[Cincinnati City Council]]. In exchange, City Club would contribute $9.69 million to [[Cincinnati Public Schools]] and $4.83 million to the [[Connector (Cincinnati)|Cincinnati streetcar]] over the course of the financing agreement.{{cite web |last1=Tucker |first1=Randy |title=PNC Tower development would bring affordable housing to ritzy Downtown address |url=https://www.cincinnati.com/story/money/2019/06/25/pnc-tower-bring-affordable-housing-downtown/1557133001/ |website=The Cincinnati Enquirer |access-date=October 12, 2025 |date=June 25, 2019}}{{cite web |last1=Wetterich |first1=Chris |title=City set to OK deal to rehab PNC Tower; will contain affordable housing (Video) |url=https://www.bizjournals.com/cincinnati/news/2019/06/24/city-set-to-ok-deal-to-rehab-pnc-tower-will.html |website=Cincinnati Business Courier |access-date=October 12, 2025 |date=July 18, 2019}} On June 7, the Cincinnati Planning Commission unanimously voted to recommend transferring the tower from Central Trust Tower Associates to City Club. In order for the project to qualify for the TIF deal, the building was first purchased by a City Club affiliate for $11.5 million, transferred to the city, and then transferred back to City Club by September.{{cite web |last1=Parton |first1=Mitchell |title=City approves property transfer of iconic downtown skyscraper |url=https://www.bizjournals.com/cincinnati/news/2019/06/07/city-approves-property-transfer-of-iconic-downtown.html |website=Cincinnati Business Courier |access-date=October 12, 2025 |date=June 7, 2019}}{{cite web |last1=Demeropolis |first1=Tom |title=Exclusive: Iconic downtown Cincinnati office tower gets new owner |url=https://www.bizjournals.com/cincinnati/news/2019/09/05/exclusive-iconic-downtown-cincinnati-office-tower.html |website=Cincinnati Business Courier |access-date=October 12, 2025 |date=September 9, 2019}} In December, the state of Ohio granted City Club a $5 million tax credit for [[historic preservation]].{{cite web |last1=Demeropolis |first1=Tom |title=Iconic downtown office tower lands $5 million tax credit |url=https://www.bizjournals.com/cincinnati/news/2019/12/19/iconic-downtown-office-tower-lands-5-million-tax.html |website=Cincinnati Business Courier |access-date=October 12, 2025 |date=December 19, 2019}}

By June 2019, City Club was planning a $103.5 million residential conversion of the main portion of Fourth and Vine Tower, which was 70% vacant at the time. The converted building would feature 262 apartment units, 10% of which would be [[Affordable housing|affordable]], as well as 30,000 square feet of retail space. The revamped Fourth and Vine Tower would also be directly integrated with the City Club Apartments building. City Club sought a $2.5 million forgivable loan and a 30-year [[tax increment financing]] (TIF) agreement from the [[Cincinnati City Council]]. In exchange, City Club would contribute $9.69 million to [[Cincinnati Public Schools]] and $4.83 million to the [[Connector (Cincinnati)|Cincinnati streetcar]] over the course of the financing agreement.{{cite web |last1=Tucker |first1=Randy |title=PNC Tower development would bring affordable housing to ritzy Downtown address |url=https://www.cincinnati.com/story/money/2019/06/25/pnc-tower-bring-affordable-housing-downtown/1557133001/ |website=The Cincinnati Enquirer |access-date=October 12, 2025 |date=June 25, 2019}}{{cite web |last1=Wetterich |first1=Chris |title=City set to OK deal to rehab PNC Tower; will contain affordable housing (Video) |url=https://www.bizjournals.com/cincinnati/news/2019/06/24/city-set-to-ok-deal-to-rehab-pnc-tower-will.html |website=Cincinnati Business Courier |access-date=October 12, 2025 |date=July 18, 2019}} On June 7, the Cincinnati Planning Commission unanimously voted to recommend transferring the tower from Central Trust Tower Associates to City Club. In order for the project to qualify for the TIF deal, the building was first purchased by a City Club affiliate for $11.5 million, transferred to the city, and then transferred back to City Club by September.{{cite web |last1=Parton |first1=Mitchell |title=City approves property transfer of iconic downtown skyscraper |url=https://www.bizjournals.com/cincinnati/news/2019/06/07/city-approves-property-transfer-of-iconic-downtown.html |website=Cincinnati Business Courier |access-date=October 12, 2025 |date=June 7, 2019}}{{cite web |last1=Demeropolis |first1=Tom |title=Exclusive: Iconic downtown Cincinnati office tower gets new owner |url=https://www.bizjournals.com/cincinnati/news/2019/09/05/exclusive-iconic-downtown-cincinnati-office-tower.html |website=Cincinnati Business Courier |access-date=October 12, 2025 |date=September 9, 2019}} In December, the state of Ohio granted City Club a $5 million tax credit for [[historic preservation]].{{cite web |last1=Demeropolis |first1=Tom |title=Iconic downtown office tower lands $5 million tax credit |url=https://www.bizjournals.com/cincinnati/news/2019/12/19/iconic-downtown-office-tower-lands-5-million-tax.html |website=Cincinnati Business Courier |access-date=October 12, 2025 |date=December 19, 2019}}

[[File:Sky Central 2026.jpg|thumb|Entrance to Sky Central]]

By March 2021, plans for the conversion called for a mixed-use "city within a city", with approximately 300 apartments, retail space, and a variety of amenities. Work on the conversion was scheduled to begin by the end of the month and conclude within 17 months.{{cite web |last1=Smith |first1=Lisa |title=The 'PNC Tower' could be home to Downtown residents soon with major historic transformation |url=https://www.wcpo.com/news/transportation-development/move-up-cincinnati/the-pnc-tower-could-be-home-to-downtown-residents-soon-with-major-historic-transformation |website=WCPO 9 |access-date=October 12, 2025 |date=March 8, 2021}}{{cite web |last1=Thompson |first1=Ann |title=Historic PNC Tower To Be Converted To Apartments |url=https://www.wvxu.org/local-news/2021-03-10/historic-pnc-tower-to-be-converted-to-apartments#stream/0 |website=WVXU |access-date=October 12, 2025 |date=March 10, 2021}} The project, named City Club Apartments Union Central (CCAUC), was delayed by the [[COVID-19 pandemic]] and [[Economic impact of the COVID-19 pandemic in the United States|its impact on construction costs and interest rates]]. The project missed its planned 2022 opening, with work only beginning in June of that year. By then, CCAUC was expected to cost $90 million and to open to residents in the third quarter of 2023.{{cite web |last1=Engel |first1=Liz |title=City Club Apartments starts $90M redevelopment of iconic downtown Cincinnati tower |url=https://www.bizjournals.com/cincinnati/news/2022/06/24/city-club-apartments-pnc-tower-project-underway.html |website=Cincinnati Business Courier |access-date=October 12, 2025 |date=June 24, 2022}}{{cite web |last1=Planalp |first1=Brian |title=$90M Union Central project changes ownership, gets new name and timeline |url=https://www.bizjournals.com/cincinnati/news/2024/10/21/union-central-trust-development-downtown-new-owner.html |website=Cincinnati Business Courier |access-date=October 12, 2025 |date=October 21, 2024}} In September, the project received a $76.5 million loan from [[Fifth Third Bank]]. The state of Ohio also gave the developer a $2 million grant for [[brownfield]] [[environmental remediation]], a $2.5 million development loan, and a $2.75 million water development loan. The city of Cincinnati extended CCAUC's opening deadline to mid-2025 as part of the TIF deal. In July 2024, financial difficulties led City Club to sell the project to entrepreneur Stanley Dickson of Detroit, who had previously been an investor in the conversion. Dickson announced that CCAUC would be renamed Sky Central while retaining the PNC signage. Plans for integration with the City Club Apartments annex were canceled; Sky Central would not be managed by Village Green, the Detroit-based manager of the annex apartments, and residents of the two buildings would not share amenities.{{cite web |last1=Planalp |first1=Brian |title=Sky Central apartments open in downtown Cincinnati's iconic Union Central Tower |url=https://www.bizjournals.com/cincinnati/news/2025/02/13/union-central-pnc-bank-sky-central-apartments-open.html?utm_source=sy&utm_medium=ptr&utm_campaign=local12 |website=Cincinnati Business Courier |access-date=October 12, 2025 |date=February 13, 2025}} Its new opening date was set for June 2025.

By March 2021, plans for the conversion called for a mixed-use "city within a city", with approximately 300 apartments, retail space, and a variety of amenities. Work on the conversion was scheduled to begin by the end of the month and conclude within 17 months.{{cite web |last1=Smith |first1=Lisa |title=The 'PNC Tower' could be home to Downtown residents soon with major historic transformation |url=https://www.wcpo.com/news/transportation-development/move-up-cincinnati/the-pnc-tower-could-be-home-to-downtown-residents-soon-with-major-historic-transformation |website=WCPO 9 |access-date=October 12, 2025 |date=March 8, 2021}}{{cite web |last1=Thompson |first1=Ann |title=Historic PNC Tower To Be Converted To Apartments |url=https://www.wvxu.org/local-news/2021-03-10/historic-pnc-tower-to-be-converted-to-apartments#stream/0 |website=WVXU |access-date=October 12, 2025 |date=March 10, 2021}} The project, named City Club Apartments Union Central (CCAUC), was delayed by the [[COVID-19 pandemic]] and [[Economic impact of the COVID-19 pandemic in the United States|its impact on construction costs and interest rates]]. The project missed its planned 2022 opening, with work only beginning in June of that year. By then, CCAUC was expected to cost $90 million and to open to residents in the third quarter of 2023.{{cite web |last1=Engel |first1=Liz |title=City Club Apartments starts $90M redevelopment of iconic downtown Cincinnati tower |url=https://www.bizjournals.com/cincinnati/news/2022/06/24/city-club-apartments-pnc-tower-project-underway.html |website=Cincinnati Business Courier |access-date=October 12, 2025 |date=June 24, 2022}}{{cite web |last1=Planalp |first1=Brian |title=$90M Union Central project changes ownership, gets new name and timeline |url=https://www.bizjournals.com/cincinnati/news/2024/10/21/union-central-trust-development-downtown-new-owner.html |website=Cincinnati Business Courier |access-date=October 12, 2025 |date=October 21, 2024}} In September, the project received a $76.5 million loan from [[Fifth Third Bank]]. The state of Ohio also gave the developer a $2 million grant for [[brownfield]] [[environmental remediation]], a $2.5 million development loan, and a $2.75 million water development loan. The city of Cincinnati extended CCAUC's opening deadline to mid-2025 as part of the TIF deal. In July 2024, financial difficulties led City Club to sell the project to entrepreneur Stanley Dickson of Detroit, who had previously been an investor in the conversion. Dickson announced that CCAUC would be renamed Sky Central while retaining the PNC signage. Plans for integration with the City Club Apartments annex were canceled; Sky Central would not be managed by Village Green, the Detroit-based manager of the annex apartments, and residents of the two buildings would not share amenities.{{cite web |last1=Planalp |first1=Brian |title=Sky Central apartments open in downtown Cincinnati's iconic Union Central Tower |url=https://www.bizjournals.com/cincinnati/news/2025/02/13/union-central-pnc-bank-sky-central-apartments-open.html?utm_source=sy&utm_medium=ptr&utm_campaign=local12 |website=Cincinnati Business Courier |access-date=October 12, 2025 |date=February 13, 2025}} Its new opening date was set for June 2025.

The first apartments in the building were scheduled to open in February 2025, by which time the first 11 floors of units were complete. Cincinnati-based Towne Properties was responsible for leasing and management. 40 parking spots were available in a basement garage, with additional parking in exterior garages. A private fitness center opened in the building in January, and residents would also have access to Sky Central's own gym. The "tenant hub" on the 19th floor, featuring a pool, lounge, conference room, and other amenities, was slated to open in May. The building's phased opening was projected to continue until August.

The first apartments in the building were scheduled to open in February 2025, by which time the first 11 floors of units were complete. Cincinnati-based Towne Properties was responsible for leasing and management. 40 parking spots were available in a basement garage, with additional parking in exterior garages. A private fitness center opened in the building in January, and residents would also have access to Sky Central's own gym. The "tenant hub" on the 19th floor, featuring a pool, lounge, conference room, and other amenities, was slated to open in May. The building's phased opening was projected to continue until August.

[[File:Parisian on Vine 2026.jpg|thumb|The entrance to the Parisian on Vine]]

[[File:Parisian on Vine 2026.jpg|thumb|Entrance to the Parisian on Vine]]

On June 27, 2025, ACREC 2021-FL1 Ltd. filed a $79 million foreclosure lawsuit against City Club Apartments. The suit stated that Asia Capital Real Estate Management gave City Club a $68.5 million mortgage in August 2020, with ownership of the loan later passing to ACREC. Its original maturity date of August 9, 2022 was delayed twice, with a final deadline of April 9, 2025. ACREC notified City Club that it was in default in April, and [[Dallas]]-based Trigild was appointed as the annex's receiver on June 18. In October, real estate firm [[CBRE Group|CBRE]] listed the annex for sale without an asking price. By then, the building had been renamed the Parisian on Vine.{{cite web |last1=Planalp |first1=Brian |title=CBRE lists large downtown Cincinnati apartment community amid foreclosure suit |url=https://www.bizjournals.com/cincinnati/news/2025/10/13/cbre-cityclub-holtzman-for-sale-parisian-apartment.html |website=Cincinnati Business Courier |access-date=October 15, 2025 |date=October 13, 2025}}

On June 27, 2025, ACREC 2021-FL1 Ltd. filed a $79 million foreclosure lawsuit against City Club Apartments. The suit stated that Asia Capital Real Estate Management gave City Club a $68.5 million mortgage in August 2020, with ownership of the loan later passing to ACREC. Its original maturity date of August 9, 2022 was delayed twice, with a final deadline of April 9, 2025. ACREC notified City Club that it was in default in April, and [[Dallas]]-based Trigild was appointed as the annex's receiver on June 18. In October, real estate firm [[CBRE Group|CBRE]] listed the annex for sale without an asking price. By then, the building had been renamed the Parisian on Vine.{{cite web |last1=Planalp |first1=Brian |title=CBRE lists large downtown Cincinnati apartment community amid foreclosure suit |url=https://www.bizjournals.com/cincinnati/news/2025/10/13/cbre-cityclub-holtzman-for-sale-parisian-apartment.html |website=Cincinnati Business Courier |access-date=October 15, 2025 |date=October 13, 2025}}