CINCINNATI - The Tri-State is home to many fascinating facts, offbeat oddities, and "I did not know that" moments. With that in mind, WCPO asks, "Who Knew?"
- WHAT IS IT? Donald Trump’s first real estate endeavor was in Cincinnati.
- WHERE CAN I SEE IT? Intersection of Reading Road and Seymour Avenue
- WHO KNEW? Cathy Lindemann, Bond Hill
One of the most recognized businessmen in the world got his start right here in Cincinnati. Before he hit New York (among other cities around the globe), real estate mogul Donald Trump was flipping properties in Bond Hill while he was still at the University of Pennsylvania. A risky purchase for the family business, Trump brought revitalization to a neighborhood struggling with identity during a period of desegregation.
We asked Cathy Lindemann of Bond Hill to tell us all the details.
How did Donald Trump get to be in charge of the development?
Trump’s father had purchased the foreclosed Swifton Village complex at a sheriff’s sale for $5.7 million in 1962. Although his son was only 25 years old at the time, he sent Donald to rejuvenate the property.
Where was it located?
Swifton Village was a 1,100 unit housing complex located at the intersection of Reading Road and Seymour Avenue in Bond Hill.
What is currently on the site?
Previously occupied by Jordan Crossing, the lot is now being redeveloped into MidPointe Crossing .
How long did Trump work in Cincinnati?
Donald Trump visited the Tri-State regularly over the next ten years. With $500,000 of investment, Trump turned the complex from a 66 percent vacancy rate to 100 percent occupancy in two years.
Where did he go after Bond Hill?
The Trumps sold Swifton Village for $6.75 million in 1972, and Donald Trump began his real estate career in Manhattan with a gig developing an old rail yard into apartments.
Check back next week for another edition of "Who Knew?" If you have a tip, idea or question email: email@example.com.