Bogart Avenue - Infill Housing Project
PROJECT DETAILS
Avondale Development Corporation (ADC) will construct 4 new single-family houses for Bogart Avenue.
The project includes the design, construction, and completion of four (4) new single-family homes on 4 separate sites (2 on Bogart Avenue and 2 on Glenwood Avenue).
The homes will consist of 3-bedroom units with a unit square foot size of approximately 1,400-1,600 sft.
The 4 units will be affordable to individuals in the 115% AMI range.
Locations: 3589 Bogart Avenue, 3585 Bogart Avenue, 689 Glenwood Avenue & 656 Glenwood Avenue.
The new development will achieve the following objectives:
Ensure housing choices that respect and sustain a vibrant Avondale
Introduce new housing that serves unmet demands
Improve the marketability of all housing in Avondale
Encourage housing in areas of development momentum, building on and supporting future developments of scale.
DEVELOPMENT GOALS
Provide new quality housing options for Avondale
Provide 10 accessible homes to support the disabled and senior residents
Work with MBE/WBE subcontractors. We have a goal of 25%.
Make Avondale a viable housing option for the more than 60,000 employees that travel to the Uptown area daily
CONSTRUCTION SCHEDULE
Ground will be in 2025
Construction is anticipated to commence in 2025
Development Team
Owner/Development Entity: Bogart - Glenwood LLC (A wholly-owned ADC subsidiary)
Construction Manager: TBD
Pre-Development Lender: LISC
Construction Lender: TBD
Lead Sales Agent: TBD
Market Analysis: Michael Dinn
Construction Loan Guarantor: TBD
Development/Project Advisor: Uptown Consortium
Subsidy(GAP) Providers: CCHMC & City of Cincinnati