Milhaus announces Artistry Cincinnati
$75 million, 344 apartment Opportunity Zone Project in Downtown Cincinnati
INDIANAPOLIS – Milhaus, a national award-winning developer, owner and operator of class A, in-fill and mixed-use developments in emerging markets, today announces Artistry Cincinnati, a $75 million mixed-use, seven-story apartment project at 601 Pete Rose Way in downtown Cincinnati.
Artistry Cincinnati will include 344 apartments, 8,000 square feet of commercial space, and 390 parking spaces.
“Artistry will offer the best of all aspects of Cincinnati urban living including close proximity to the city’s best employment center and entertainment districts, all while being in a quiet location along the beautiful Ohio River Trail,” says Jake D. Dietrich, director of development for Milhaus. The project’s location is noteworthy due to the site within one of Cincinnati’s federally designated Opportunity Zones. The tax benefits for investors in Opportunity Zones help make constrained sites more attractive for capital investment. This will be Milhaus’s second project to be built in an Opportunity Zone.
Milhaus anticipates closing on financing and breaking ground in late summer 2019 with an opening in summer 2021. This will be the third project in the Cincinnati market for Milhaus. Two others include the 124-unit Poste project under construction in Walnut Hills and the 131-unit completed Gantry in Northside.
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ABOUT MILHAUS
Milhaus is a team of inspired and industrious individuals, headquartered in Indianapolis, Ind. and operating throughout the Midwest to Florida. The team delivers solutions for neighborhoods that positively impact urban environments by working with city leaders to provide unparalleled expertise in real estate investments, development, construction and management. Milhaus has built a reputation for implementing complex projects in urban infill and mixed-use environments that are a catalyst for neighborhood redevelopment. Ultimately, Milhaus develops high-quality projects that are financially responsible, withstand the passage of time, improve peoples’ lives and transform communities. For more information, visit www.milhaus.com.
About Artistry Cincinnati
The Milhaus Artistry brand continues from its flagship location in Indianapolis to Cincinnati. At the core of the Artistry brand is its focus on incorporation of the arts. Artistry projects are currently under construction and planned to open in 2020 in Kansas City, Mo. and St. Petersburgh, Fla.
For Artistry Cincinnati, Milhaus will work with local artists to complete large-scale permanent pieces on the exterior of the building, as well as rotating pieces in the property’s 2,500 square feet common gallery space. Similar to its Indianapolis location, Milhaus plans to open the gallery for First Fridays and other arts focused events. “Sawyer Point Park & Yeatman’s Cove already host premier arts and cultural events throughout the year. We’re excited for the thoughtful inclusion of art at Artistry to not only benefit our residents, but the greater Cincinnati community as well” says Dietrich. The property will provide dedicated artist studios for in-residence artsists.
Artistry residents will have access to the following on-site amenities: a rooftop pool and aqua lounge, two-story fitness center, yoga studio, maker’s room, indoor and outdoor co-working spaces, community garden, secure bike storage, pet-spa, and Wi-Fi enabled common areas.
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