Work is underway to bring a luxury 190-unit multifamily development to Cincinnati’s fast-growing Eastgate neighborhood in Union Township, Ohio.
The $36 million project is being developed by MV Investment. The four-story, 218,588 SF development will offer a mix of studio, one-bedroom, and two-bedroom apartments. Units will range in size from 550 SF for the studios to up to 1,150 SF for the two-bedroom apartments. Miller Valentine Construction is serving as the general contractor.
The development team jumped at the opportunity when the six-acre site became available, recognizing the need for class-A apartments in the Eastgate neighborhood. The area is home to an established retail base as well as several large companies, including Total Quality Logistics.
“The Union will provide high-quality housing in close proximity to retail markets and good jobs, which will fuel positive growth in the area,” said Kyle Kitzmiller, development manager for Miller Valentine. “It’s a great project that will spur future investment in the local community.”
In-Demand Amenities
The apartments will feature 9-foot ceilings, quartz counters, stainless steel appliances, and walk-in closets. Residents will also have access to a coworking space, a fitness center with high-end equipment and exercise options, a dog spa, and a recreational space. Outdoor attractions will include a courtyard, swimming pool, fire pit, gathering area with grills, and dog walk.
“We put a lot of thought into what we wanted to offer residents,” said Kyle. “We didn’t approach this as a list of items to be checked off. We analyzed trends from around the country to assemble a package that will be responsive to our residents’ needs and expectations.”
Navigating Market Volatility with Certainty
The project came together just as initial restrictions to prevent the spread of COVID-19 were put into place. The project team was forced to adapt to remote operations overnight. Despite the challenges of those early days, the team completed the entitlements, design, permitting, and closing almost 100 percent remotely.
Like most construction projects across the country, the construction team has had to navigate supply-chain disruptions and a sharp spike in material costs. Communication and collaboration between the construction and development teams, as well as with vendors and subcontractors, have kept the project on track.
“We have a solid history of delivering from both a development and construction perspective,” said Kyle. “We take pride in our work, in maintaining open and honest communications, and in following through on our promises.”
Adding to Miller Valentine’s Multifamily Portfolio
Along with the Jeff on 10th, the Union will be a promising addition to MV Investment’s multifamily portfolio. It is one of the company’s first class-A multifamily developments since 2018. All equity was sourced from local investors, and a local bank provided financing.
“Our goal is to deliver a quality development that is superior to our competitors, from the programming and amenities to the quality of construction,” said Kyle. “We are succeeding across the board with delivering on these priorities, and we will provide a solid return for our investors.”
Miller Valentine partnered with M+A Architects for design and McGill Smith Punshon Inc. for civil engineering services. Work will be completed in two phases, with the first units ready to lease in spring 2023. Preleasing will begin in early 2023.
