CINCINNATI -- Cincinnati’s urban core could see a major expansion of upscale dwelling options under a pair of new residential projects that are looking to clear preliminary hurdles.
The first is a 25-story apartment tower on the Cincinnati end of the Purple People Bridge. An Atlanta-based developer, Novare Group, wants to build a luxury high-rise called SkyHouse Cincinnati, with 352 apartments and a fitness room and pool that have 360-degree views of the city and river.
SkyHouse is a branded line of apartment towers with 17 locations completed or underway in Atlanta, Austin, Denver, Nashville, Houston and elsewhere.
“We could not be more excited to be continuing the momentum of the SkyHouse program in Cincinnati,” said Jim Borders, President, Novare Group.“We have a lot of work to do and boxes to check, but we are hopeful that we could be underway by the end of the year.”
The second project involves a pair of new condo towers at the intersection of Eighth and Main streets Downtown. Greiwe Development and Terrex LLC have proposed a pair of mid-rise buildings, one 13-stories and the other 14, that would house first floor retail and more than 30 condominiums each.
“These projects would be the first ‘for sale’ product built in the urban core of Cincinnati since the downturn,” the developers said in a project presentation filed with the city of Cincinnati. “The large influx of multifamily rental product to the urban core and its apparent success indicates a desire of Cincinnatians to reclaim the downtown core as their home. However, many will only do so if they are able to own their own property.”
The developers will ask the city’s Historic Conservation Board on March 21 to conditionally approve the demolition of buildings at 719-721 Main Street to enable the development.
Documents filed in support of the request indicate condo units will range in size from 930 to 1,800 square feet and seek purchase prices of $399,000 to 839,000. The units would be sold to young professionals and empty nesters interested in an urban lifestyle.
“The developer has intentionally positioned this project along Cincinnati’s new streetcar line,” the report said.