Affordable and mixed-income rental developments have been a significant component of the renaissance of downtown Cincinnati.

LOAN POOL VII

The Pulse Apartments - Downtown Covington
Developer: Pike Star LLC
Type of developer: Private
CDF loan amount: $1,725,000
Pro Forma Development costs: $1,814,705
Project type: Acquistition/Rental Conversion
Location: Downtown Covington

The 32 lofts vary in size from 740 – 1500 square feet and offer modern interior finishes including cement floors, 10 ft ceilings, moveable walls and high quality cabinetry.The Pulse site encompasses the city block bordered by Eighth, Ninth, Banklick and Russell streets in Historic Downtown Covington in a creative, art zone with a walk to restaurants and night life, 6 blocks from the interstate. ThePulse is a contemporary reinterpretation of the predominantly Italianate architecture of the surrounding neighborhood.The original intent of the building was “for-sale” housing geared towards young professionals and empty nesters who wanted to live in Covington’s arts district. Visit www.pulselofts.com for rental information.

For more information about this project and others from this fund contact CDF.