“Roselawn Senior Housing will be a catalyst for revitalization and an important step in attracting investment to Roselawn.”
Applicant: Gardner Capital Development, LLC
Location: 1811 Losantiville Ave, Cincinnati, Ohio
Unit Mix: 50 total units, 11 one-bedroom/one-bath (700 sf), 39 two-bedroom/one-bath (895 sf)
Residents: Independent affordable living for seniors age 55 or older
- 3.4 Acres owned by the Port of Greater Cincinnati
- Seeking LEED Silver certification (or higher)
- Senior Services provided by Cincinnati Area Senior Services
- Primary exterior materials will include brick and cement siding with strong trim elements
- Onsite management, services, programming, and community center
- Over 3,500 square feet of community-focused commercial space
- Additional outparcel for future retail, restaurant, or office use
- Former vacant and blighted site
- Over 99 code violations for this property
- Now owned by the Port of Greater Cincinnati
- Opportunity Area for Neighborhood Center – Plan Cincinnati
- The PMA contains over 4,600 seniors and only 37 LIHTC units
- In Hillcrest Square across from MidPointe Crossing
- Over 16% of area residents are 65 years old or older
- Over 25% of county residents are over 55 years old
- Mixed-use community with nearby senior services
In 2015, Gardner Capital proposed an independent senior housing community in Bond Hill. The Bond Hill plan included 50 units of high-quality affordable housing next to the MidPointe Crossing redevelopment by the Port of Greater Cincinnati. A comprehensive community outreach plan was launched last year and a similar outreach plan is in progress. Gardner Capital is committed to helping revitalize this very important intersection identified as an “Opportunity Area” by Plan Cincinnati. For 2016, we have moved these 50 units of senior housing across the street in Roselawn on a site owned by the Port that was once a neglected, abandoned, and blighted office building. Due to the proximity to the border of Bond Hill and Roselawn, this proposed project is intended to serve both Roseland and Bond Hill. The proposed plan provides a compelling story of revitalization and economic development. Roselawn Senior Housing will:
- Honor the Port Authority’s commitment to this area and the momentum that is being generated through coordinated planning efforts;
- Complete the conversion of this site from a blighted, vacant office building that received 99 code violations prior to being demolished;
- Provide addition community-focused commercial opportunities within the project, as well as an outparcel for future retail, restaurant, or other community commercial opportunities;
- Deliver high-quality, well-designed and architecturally significant affordable housing for seniors that is indistinguishable from luxury apartments;
- Catalyze future investment in the area and be a showpiece for sustainability
This new community will consist of 50 residences for seniors with one bedrooms renting for up to $681 per month and two bedrooms renting for up to $836 per month (rates include utilities). The design, materials, and floor plans will be consistent with luxury rental properties and the exterior will include significant architectural detail. The project team is committed to securing LEED Silver certification utilizing sustainable design and materials that will keep resident utility payments as low as possible. In addition to the housing, the ground floor will provide a community senior center along with services for seniors such as financial management, health and wellness services, and social activities. An outparcel is also located on the site for future restaurant, retail, office or other community use.
The 3.1 acre property was acquired by the Port of Greater Cincinnati in order to eliminate the vacant, blighted commercial structure that previously existed. The Bond Hill and Roselawn communities have combined efforts and engaged the Community Builders Institute to examine their community’s needs. High-quality housing and community facilities were both identified as high priority items through this process. The nearby Villages of Daybreak and MidPointe Crossing represent an investment of over $60 million dollars to create a vibrant mixed-use, mixed-income, and mixed-tenure community. The Roselawn Senior Housing project represents another $10 million investment in this area through the sale of Low Income Housing Tax Credits (LIHTC), private debt and other funding.
Management and Services
The property will be managed by Wallick Properties, a well-known and highly successful operator of affordable properties in Cincinnati. The development will include onsite management as well as supportive services space. Cincinnati Area Senior Services has committed to being the service provider. CASS (www.cassdelivers.org) has an exceptional history in serving the Cincinnati senior population with a host of services and service partners.
Community Outreach Process
This process includes an extensive community outreach process that will seek community feedback and support for the development.
MBE/WBE/Section 3 Commitment
The Gardner Capital Team and ARCO Construction (the GC) are committed to maximizing opportunities for local residents and disadvantaged business entities. The team has a history of exceeding expectations on all commitments.
“Gardner Capital has surrounded themselves with an outstanding and experienced Cincinnati team.”