Flaherty & Collins Properties) for the residential portion of Oakley Station.
The $26.7 million "the blvd @ Oakley Station" will consist of 302 apartment units in seven three-story buildings, spread among ten acres on the southeast corner of the former Cincinnati Milling Machine site at 4701 Marburg Avenue.
The 75 percent property tax exemption will reduce the tax liability of the development by approximately $8.4 million over the life of the agreement. The project has been registered with the U.S. Green Building Council as LEED for Homes Multi-Family.
USS Realty, LLC and Vandercar Holdings are developing the 74-acre, $120 million Oakley Square mixed-use development, which will also include 350,000 square feet of new retail and restaurant space, 300,000 square feet of office space, a 56,000-square-foot Cinemark movie theater, and 4,250 surface parking spaces.
Indianapolis-based Flaherty & Collins Properties has developed more than 6,000 multi-family units in five states.
Previous reading on BC:
City to accept up to $12M for Kennedy Connector road project (3/28/11)
Hearing on Oakley Station remediation tonight (3/8/11)
Cincinnati to apply for federal transportation grants (4/1/10)
Oakley open house shows Kennedy Connector preferred alternative (6/25/09)
Vision Land puts Millworks plans on website (7/22/08)