Carew Tower likely to be approved and redevelopment started (www.bizjournals.com)

submitted 2 months ago by [email protected] to c/[email protected]

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Cincinnati City Council likely to approve development agreement with Carew Tower owner.
Victrix plans 375 apartments and commercial space in historic building.
Project could receive 30-year tax incentive worth $33 million to developer.

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[-] [email protected] 4 points 2 months ago

Can't access the article. Is there any word on how much these apartments will cost?

[-] [email protected] 3 points 2 months ago

You can access it via the library link pinned here.

I'm mobile so can't check now.

[-] [email protected] 3 points 2 months ago

The developer’s plan calls for 246 one-bedroom units with an average rent of $1,950, 109 two-bedroom units at $2,700 and 20 three-bedroom units at $3,300.

[-] [email protected] 2 points 2 months ago

Thanks! That's actually more reasonable than I thought it would be. Which is not to say ACTUALLY reasonable, but I figured they would start around $3k.

[-] [email protected] 3 points 2 months ago

I don't think it's reasonable for us schmoes but you know there will be some high earners that will buy in. It would be quite a cool building to live in (and convenient to a ton.) Heck, even if you only did it for a year or two it'd be a cool experience.

this post was submitted on 14 May 2025

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