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Thursday, March 28, 2024 |
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Nicholas Place Apartments |
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Vivian Moon
MUSA Council Joined: May 16 2008 Location: Middletown, Ohi Status: Offline Points: 4187 |
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Posted: Oct 23 2016 at 12:11pm |
I just noticed that the Nicholas
Place Apartments on |
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Vivian Moon
MUSA Council Joined: May 16 2008 Location: Middletown, Ohi Status: Offline Points: 4187 |
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Luxury
apartments one step closer in
Ed Richter A proposed
$20 million, 216-apartment community
for Fred Burns
Builder Development Team, a Kentucky developer of luxury apartment communities,
also received approval on an emergency resolution for the planned use
modification development plan so that project can get through the final plan
approval process quicker and begin construction at the earliest opportunity.
The final plans are expected to be submitted to the city for review by March 18
and for final development approval by the Planning Commission in April,
according to Art Hardin, president of Calibre Engineering in Tonya Burns
of the development company said council’s approval of The
22.44-acre tract was previously approved several years ago for a similar-sized
apartment community. The project will be the first new upscale market-rate
apartments built in According to
Planning Commission documents, the site also has another 8.39-acres that is
also being planned for retail development. That part of the city is served by
the The site was
originally approved for a similar-sized apartment community that was to be
called Wellington Manor in 2007 and an expansion was approved in 2008. The
Planning Commission and City Council approved a new development plan in 2011,
but no construction ever began on the site. “The Nicholas
Place Apartments will be the first new residential apartments built in The
family-owned company has developed a number of properties of this size and just
completed a similar-sized luxury apartment community in She said the
company currently owns in excess of 1,200 units in seven properties in Burns, who
was unable to attend Tuesday’s council meeting due to the severe winter weather
conditions, said, “We’re real thrilled about this.” “We’re so
excited and we can’t wait to get up there,” she said. “We like to build as soon
as we get the final approvals. That’s when the fun starts (of building).” The The community
would include amenities such as a pool, clubhouse/fitness room, playground,
garage spaces, community garden, a dog park and basketball court. Of the 216
planned units, plans call for 144 two-bedroom units and 72 three-bedroom units.
Burns declined to give a specific price point for the units, but did say they
would be market rate. Although
there was no opposition at Tuesday’s public hearing conducted by council, one
resident, Kevin Banks, of He reiterated
the same objections that he sent to the Planning Commission which included
having such a large apartment community located near his home, the need to fix
the city’s roads and infrastructure, and ridding the city of its aging and
deserted buildings. “All (of) this (is) needed and City
officials said the property is in the East End Tax Increment Financing district
and the new property valuation and resulting taxes would contribute to the
retirement of the debt for the construction of |
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VietVet
MUSA Council Joined: May 15 2008 Status: Offline Points: 7008 |
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A "wait and see" posture here. It will be interesting to see if they fill these apartments, given the monthly rent and the location being Middletown. There is a draw for parents as this is in the Lebanon School District and not Middletown. A positive there.
It will also be interesting to see how long these apartments remain viable and continue to draw "profession grade" people......or, how long they sit idle and end up like Robin Springs located around the corner. Robin Springs started out like this way back in the day but ended up as a HUD community. Hope it works out for the builder and the city on a positive note. |
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I'm so proud of my hometown and what it has become. Recall 'em all. Let's start over.
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