Wednesday, November 21, 2007

City Home could transform Pleasant Street

Local developers are hoping that 24 units of mixed-income housing will help turn around the 1400 block of Pleasant Street in Over-the-Rhine.

The $7 million City Home project, which would line both sides of the street, is being developed by Over-the-Rhine Community Housing (OTRCH) and Eber Development.

As proposed, Eber Development would likely be handling the rehabilitation of 1411, 1420 and 1422 Pleasant Street into single-family homes and condos.

Construction would also require the demolition of three rotten building shells at 1406-1410 Pleasant Street. The Historic Conservation Board had already approved of the demolitions contingent upon their approval of the final project design.

Built in their place would be two- and three-story townhouse-style buildings with garage access from Osborne and Comer alleys.

A retail storefront at 1401 Race Street would also be filled.

Financing is being provided through a combination of 3CDC construction loans and City gap financing. State funds are being sought to help lower the prices on the affordable units, which will be sold at 60% of the area median income.

No builder has been signed for the new construction. Schickel Design is the project architect, with Martin Koepke of Bentley Koepke Inc. handling the streetscape design.

Construction is expected in begin on Phase 1 in early 2008 and on Phase 2 in January 2009, with buildout occurring in fall 2009.


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