Capstone Apartment Partners is pleased to present exciting adaptive reuse opportunities in rapidly growing neighborhoods of Downtown Cincinnati: 518 Reading Road (aka H Nuer Glass Company Building), in the Pendleton neighborhood that is adjacent to Over-the-Rhine, and 26 West 7th Street
(Oskamp & Co Building) in the southwest CBD of Downtown Cincinnati.
The assets are existing self-storage facilities to be redeveloped into
urban infill mixed-use residential spaces in burgeoning communities of
downtown Cincinnati. Both assets sit in a midst of ongoing redevelopment
of Cincinnati’s urban core, which has been in full force for over a
decade. Additionally, the ramp-up of urban core supply has progressed at
a much slower pace in Cincinnati than most other Midwest cities,
providing plenty of ongoing demand for these types of units. Lastly, as
existing self-storage facilities many of the major mechanicals and
structural reinforcements have already been replaced and/or upgraded,
leaving an incoming developer with a blank slate to develop the
multi-family or mixed-use assets however they see fit.