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 and all units have sold.
Westfalen Lofts II is currently under construction, completing the east side of the block up to 15th Street.
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.
