Download Offering Materials: The Lancaster
Capstone Apartment Partners is pleased to present The Lancaster Apartments, a 14-unit boutique luxury apartment community in the heart of downtown Cincinnati. With renovation completed in 2020, this is one of Cincinnati’s newest downtown developments. The property consists of 14 luxury units in the newly renovated eight story building, which is a proud member of the Race Street Historic District. The Lancaster Apartments offer private, luxurious, modern living spaces in a transformed historic building. The property was first built as offices in 1898, and holds the original brick, over-sized windows, and beautiful staircases and archways to go along with the condo-grade finishes in the units. Residents by choice will desire the private nature of this community, as there are only 2 units per floor, allowing peace and privacy while also nestled within corporate headquarters, dining, bars, and entertainment. The property sits in a midst of ongoing redevelopment of Cincinnati’s urban core, which has been in full force for over a decade. Additionally, the ramp-up of urban core supply has progressed at a much slower pace in Cincinnati than most other Midwest cities, providing plenty of ongoing demand for these types of units.
Investment Highlights
New Construction Class A Asset with Condo Grade Finishes
Prime Downtown Locations Among New Developments & Existing Amenities—Multiple Walkable Amenity Centers (98 Walk Score)
Multiple Potential Tax Incentives Available
Robust Downtown Rental Environment
