Filed under: Estates
For a while the Cincinnati, Ohio market was hot, with projects by several name architects being created. Then, in 2006 as condo developments faced problems, we heard news of a slowdown. But perhaps things are set to look up with the imminent construction of One River Plaza, a nearly $150 million project. The Enquirer reports that preconstruction sales on the project have been strong with 28 condos of the potential 150 available already having been sold. The condos sell in the $550,000 to $2 million range.
The project will be built in two phases, a 14-story tower with at least 80 condos and a nine or 10-story condo with 70 condos. The first tower was originally only set to be 12 stories but demands for the penthouses with river and city views prompted an expansion. The towers will include two riverview restaurants, a shared outdoor terrace and amenities that include guest suites, a party room, a doorman and a fitness center. Construction will take 18 months and will start once the project meets a pre-sell mark of $35 million to $36 million.