Luxury townhomes, condos coming to downtown Cincinnati: EXCLUSIVE bizjournals.com/cincinnati/news/2018/02/22/exclusive-luxury-townhomes-condos-coming-to.html
A real estate development and construction company has started work on luxury townhomes and condominiums in downtown Cincinnati. Ashley Commercial Group has started construction on a residential development at the northwest corner of Fourth and Plum streets called the Derby on Plum. Bill Kreutzjans Jr., managing partner of Ashley, said he had been talking with Elevar Design Group, which has its headquarters in the southern building until it relocates to Queensgate, about a potential conversion when the architecture firm decided to move. “There’s strong demand in the urban core for condos,” Kreutzjans told me. The Derby on Plum will include three townhomes, six residential condos, a street-level commercial condo and a parking garage. The three, two-story townhomes will be built above the existing building at 413-417 Plum St. The first floor of that building will have 17 parking spaces with all but one residential unit getting two parking spaces. The Derby Building, located at 300 W. Fourth St., will be converted to six condos on the second and third floors, with the first floor as a commercial condo. In total, the Derby on Plum is expected to be a nearly $6 million project. The original M.H. Derby Building was designed by famed architect Samuel Hannaford in 1863. This building will connect to the one to the north with a green, pet-friendly courtyard. Kreutzjans said the ability to provide on-site parking made this property attractive as a for-sale project. “It’s a little more laid back than some other areas for town,” Kreutzjans told me. “It’s a great area for ownership.” The condos will all be one story, ranging in size from 1,150 square feet to 2,520 square feet. The townhomes will be more than 2,800 square feet. The condos are designed with open-concept living areas, large master suites and large windows. 1/2