Housing development on Cincinnati’s West Side lands millions in Port bonds

Housing development on Cincinnati’s West Side lands millions in Port bonds

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The Port of Greater Cincinnati Development Authority has approved a financing agreement including $13.5 million in bonds for the development of affordable senior housing on the West Side.

Pedretti Place is a senior living project in Delhi Township that will deliver 48 affordable units. Of those units, six will be two-bedroom units and 42 will be one-bedroom units. The apartments will be available to those ages 55 and older and earning between 30% to 60% Area Median Income (AMI).

Located at 587 Pedretti Ave., Pedretti Place’s amenities will include a community room, computer center, community laundry, fitness space and an outdoor patio.

The project is located on about 1.2 acres of land, and it is designed to LEED silver standards.

It’s estimated 130 temporary construction jobs will be created during the project. Urban Sites and ERS are hoping to begin work later in October or early November. Early 2025 is the estimated completion date.

https://www.bizjournals.com/cincinnati/news/2023/10/03/pedretti-place-delhi-township-lands-port-bonds.html?cx_testId=40&cx_testVariant=cx_6&cx_artPos=4#cxrecs_s

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