Here is a great downtown infill building from Cincinnati that has me pumped as a possibility for Dayton.  This would be maybe an “updated” version of the Eva Feldman Apartments and could work on a vacant corner site in downtown Dayton, say at Jefferson and 1st on part of the old Patterson School site, as a way of getting more residential downtown.  Besides being an excellent bit of generic urban architecture....

 

 

A mix of small French doors and railings and large balconies at the corners.

 

 

Close-up showing the detail on the brickwork.  Big Walgreens on the ground floor and apartment entrances via secure lobby to the right.  Not sure if retail would work on the ground floor in Dayton, though.

 

 

The side facing the alley, with I guess the elevator shaft & fire stair, but also some balconies for more apartments.

 

 

Now my question is to the Cincinnati forumers…what is the story behind this building?  Who are the renters or rental market?  Who developed it?  How much did it cost? 

 

EDIT: Fixed all the Cincinnati misspellings.

Cincinnati.

 

1 T, 3 Ns

Sixth & Race Apartments were developed by Cincinnati-based Eagle Realty (a subsidiary of Western & Southern Financial Group).  The apartments are almost always at 100% occupancy and go for roughly $1.25/square foot (max for Cincy is $2/sf while most stuff in CBD goes for $1/sf).

 

I don't know how much the development project cost off the top of my head.  But I did look at moving here several years ago and the finishes and amenities are nice.  There is a workout facility in the basement along with a business center and a party room that can be reserved.  Each unit also has dedicated storage space in the basement, and each unit has either a french balcony or a full balcony.  There is also 1 parking space per unit in a parking garage a block to the north.

 

Here's the website:

http://www.sixthandrace.com/

It's not bad. I was walking back by there tonight with David, and I really like the development, despite the small, non-existent balconies on the front. It's not flashy or extravagant, which is a good thing in my book. Keeps the costs down, and blends in well with its surroundings. We need more of this.

It's not bad. I was walking back by there tonight with David, and I really like the development, despite the small, non-existent balconies on the front.

 

I think the french balconies along 6th Street are done to preserve square footage space inside the units.  Often times city's have heartburn with balconies, or anything for that matter, extending over the public right-of-way.  That would mean that Eagle would have had to build the full balconies into the building as they did on the corner units which happen to be the largest floorplans of all the apartments available there...thus allowing for a reduction in interior square footage.

That building was something of a debacle getting built. There used to be a CVS there, but the city promised Walgreen's they would build them a new store when they lost their store for the Nordstrom's (oops). It went something like that. It was one of the examples of Cincinnati's more development management in the later 90s.

Yeah, these are almost always full ... rent is pretty cheap, but great location. A huge amenity with these, washer/dryer hookups in each unit!

Thanks for the infomation!  I really appreciate it.

 

 

A huge amenity with these, washer/dryer hookups in each unit!

 

Oh yeah, forgot about the washer/dryer hookup in each unit...that is a huge selling point.  And actually I think some include the washer/dryer too.

Each includes a w/d in each unit. I'll be scoping out the building in the morning -- rent prices are comparable.

The only thing that I do not like about these (which is individual specific), is the low ceilings in comparison to DT lofts. Oh yeah ... and the carpet.

Yeah, the cheapest for me was $825 for a 1 br. that had a large kitchen with deep cabinets, a large bedroom closet, a coat closet, a back balcony overlooking the alley, a large bathroom, but yeah... carpeting and low ceilings...

 

This is coming from someone who loves hardwood flooring, and has 15 ft. ceilings right now (and 28 ft. before that)! Kind of pricey. Parking is included the first year, is $35 for the second year, and the full price of $70 for each year after in the Gramercy garage (spelling). It's not attached.