The first large-scale conversion of suburban office buildings into apartments in Greater Cincinnati is underway.
Local real estate developers are working to convert 134 and 144 Merchant St. in Springdale into 131 apartments, as well as build an additional 97 townhomes on a portion of the buildings’ parking lots. The total investment for the project is expected to be about $40 million. Vandercar Holdings LLC is the lead developer for the project, along with WP Land Co. LLC and NorthPointe Group. Their limited liability company, Trinity Square Holdings LLC, purchased the property in the middle of December. The Warren County Port Authority also is investing about $8 million into the project. The city of Springdale has been a key partner on the redevelopment project.
The apartments will have large floor plans, many with in-unit work-at-home or den spaces. Amenities in the apartments will include granite counters, stainless steel appliances, fitness facilities, a clubroom, and outdoor grilling and gathering areas. The buildings will include under-building parking spaces. There also are plans for a rooftop amenity area for residents to enjoy.
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