Posted October 14, 200420 yr River view the draw for condos -------------------------------------------------------------------------------- 165 luxury units would overlook Dayton By Travis Gettys Enquirer contributor DAYTON, Ky. - A housing developer hopes to attract buyers with a panoramic view of the Ohio River, and city officials hope the development renews interest in Dayton. City Council last month approved a Stage I development plan for Riverpointe Condominiums, which would place 165 housing units on a hill overlooking the city, and a Stage II plan will likely be submitted for approval by the end of the year, said Towne Properties general manager Brad Austing. The condos would likely cost between $125,000 and $275,000 each, Austing said, well above the city's median property value of $59,100 determined by the 2000 U.S. Census. Developers say the $20 million project would add about $93,000 per year to the city's property tax revenue, but the development carries additional benefits, said City Administrator Gary Scott. The condominiums could raise Dayton's profile among potential home buyers, who might note what Scott describes as an undervalued housing stock just minutes from downtown Cincinnati. "Even if the condos are not something that (potential home buyers) want, they might find something else they want - that's what we're hoping for," Scott said. More than 56 percent of Dayton's homes were built before 1939, according to census figures, and city officials have taken an aggressive approach to blighted property, assessing owners who fail to keep buildings maintained. The city has levied $16,000 in fines this year, up from $7,000 last year and $500 in 2002Scott said the fines have motivated many property owners to sell or make repairs. "Some of them have said, 'I didn't know you guys were doing this in Dayton,' " Scott said. "They figured they could get away with (it)." Some residents wish city officials would take more interest in aesthetics for the Riverpointe Condominiums development, which would consist of 15 buildings with brick and aluminum siding exteriors. Edith Mariani, who lives on nearby Beechwood Place, said it would be a shame to build multifamily housing there, when new single-family homes fetch more than $1 million each on Newport's Wiedemann Hill and on O'Fallon Avenue in Bellevue. "This property has a view so incredible, so panoramic, that a similar development could be done, with patience," Mariani said. "This property is an absolute jewel." Mariani also fears that additional cars and construction traffic could affect Dayton Pike. Scott said dirt removed from the construction site will be used to help reinforce Dayton Pike. "We shouldn't suffer a lack of development because of that situation," Scott said.
June 18, 200519 yr Hey CiNYC...I don't know if this is related, but a 13.4 acre site was up for sale for $349,000 and is in the process of being bought. This property is located to the southwest of the one mentioned in the article, more towards the end of Maple: http://www.huff.com/web/search/SearchDetails.asp?mls=297775&prop=1024658
August 1, 200519 yr The Enquirer has a nice update. Being a fan of FLW, I'm curious what these condos will look like. The price point is also very nice. I would like to see these prices in OTR. Four area builders planning upscale projects with a view By Mike Rutledge, Enquirer staff writer DAYTON - Towne Properties is bringing architecture from the Colorado mountains to a Dayton hilltop with its 145-condominium Riverpointe development. But it will be the river views from the gated community, rather than views of the housing development, that the builders believe will be a hit with buyers. To read more: http://news.enquirer.com/apps/pbcs.dll/article?AID=/20050801/NEWS0103/508010370
August 2, 200519 yr Ah, thanks for posting this in here. I almost forgot that this thread existed. I'm sure you all have seen the land being cleared up the hill in Dayton. Not only is Riverpointe going on, but there's also a road project on Dayton Pike.
April 7, 200817 yr Dayton hilltop townhome development announced BY SCOTT WARTMAN | CINCINNATI ENQUIRER April 7, 2008 DAYTON, Ky. - The hillside overlooking the Ohio River in Dayton has attracted the attention of developers in recent years. In 2006, a developer started building about 100 condos on top of the hill in a complex called Riverpointe. Now another developer, Mark Glassmeyer, has plans for nine townhomes on an unused part of Locust Street, said Peter Klear, Campbell County's planning and zoning director. The Dayton Planning and Zoning Commission on Wednesday will consider a development plan and a zoning variance for the project to enlarge the lots. The section of the street had been platted decades ago but no developer has followed through with plans, Klear said. The homes will complement other housing developments in Dayton's south end, including another housing development being built on Belmont Lake, Mayor Ken Rankle said. "It is a pretty steep hillside," Rankle said. "As land becomes more and more valuable, it becomes more desirable. This street has a phenomenal view of the city. It is one of the best in the area. It has been hidden a long time."
April 7, 200817 yr Eh, I'd rather see it there than on the remaining open lands and farms to the west. Not that there are many left.
April 7, 200817 yr I'm all for development in the NKY river cities; I'd just like to know that there is a plan for what to do with KY 8, since it's the only realistic path to Bellevue and Dayton. I guess you could prevent parking on it through Bellevue and convert it to 4 lanes, but those little shops lining KY 8 would raise hell.
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