Download Offering Materials: Downtown Cincinnati Redevelopment Opportunities
Capstone Apartment Partners is pleased to present exciting redevelopment opportunities in rapidly growing neighborhoods of Downtown Cincinnati: 518 Reading Road (aka H Nuer Glass Company Building), in the Pendleton neighborhood that is adjacent to Over-the-Rhine, and 26 West 7th Street (Oskamp & Co Building) in the southwest CBD of Downtown Cincinnati. The assets are existing self-storage facilities to be redeveloped into urban infill mixed-use residential spaces in burgeoning communities of downtown Cincinnati. Both assets sit 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. Lastly, as existing self-storage facilities many of the major mechanicals and structural reinforcements have already been replaced and/or upgraded, leaving an incoming developer with a blank slate to develop the multi-family or mixed-use assets however they see fit.