3CDC is a non-profit, real estate development and finance organization focused on strategically revitalizing Cincinnati’s downtown urban core in partnership with the City of Cincinnati and the Cincinnati corporate community.  Our work is specifically focused on the central business district and in Over-the-Rhine.

WESTFALEN LOFTS

COMPLETED

http://www.otrliving.com/

ESSENTIAL FACTS:

Developer: John Hueber Homes & Northpointe Group
Location: 1418-24 Race Street

Project Cost: $3.38 million

Units: 9 (sold out)

Average Unit Size: 1,300 SF

Average Unit Price: $220,000


PROJECT FUNDING

  • OHTC — Ohio Historic Tax Credits
  • City — City of Cincinnati Grant
  • CNMF — Cincinnati New Markets Fund

PROJECT SUMMARY

The Westfalen Lofts project renovated previously vacant and abandoned buildings on the east side of Race Street in the 1400 block. It includes eight condominium units and one single-family home at 1420 Race St. It was completed in March 2011.

 

Westfalen Lofts II, which completed the east side of the block up to 15th Street, was finished in February 2014.

 

3CDC is a non-profit, real estate development and finance organization focused on strategically revitalizing Cincinnati’s downtown urban core in partnership with the City of Cincinnati and the Cincinnati corporate community.  Our work is specifically focused on the central business district and in Over-the-Rhine.