Wednesday May 22, 2019

Developer selected to add 240 apartments near CVG

From the Cincinnati Business Courier:

“Al Neyer, which acquired 66 acres of land near Cincinnati/Northern Kentucky International Airport, has sold 11 acres to a Greater Cincinnati apartment owner and operator to develop 240 apartments.

BRG Realty Group LLC purchased a little more than 11 acres closest to the intersection of Burlington Pike and Aero Parkway. Sycamore BRG Realty Group will build 240 garden-style apartments on the site.

Andrew Giannella, vice president of business development for BRG Realty Group, said this site’s location for new apartments is “fantastic.”

“Boone County is growing in population and jobs,” Giannella told me. “All of that was the basis for us pursuing this deal.”

While BRG Realty Group owns and manages about 7,700 apartment units in Greater Cincinnati and Northern Kentucky as well as Columbus and Louisville, this will be the company’s first ground-up construction project. Giannella said the apartments will be designed to meet the needs of workers in need of housing as a result of all the job creation in Boone County.”

Read more from the article by Tom Demeropolis at Cincinnati Business Courier here. Learn more about our plans to build Aero Commerce Center, a more than 1 million-square-foot distribution center, on a portion of the site.

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