Monday February 15, 2021

Ackermann Group starts final phase of $80M Madisonville project

From the Cincinnati Business Courier:

ACKERMANN GROUP STARTS FINAL PHASE OF $80M MADISONVILLE PROJECT

Ackermann Group recently started construction on the third and final phase of its Madamore redevelopment project in the heart of Madisonville, a project that is expected to be a total investment of more than $80 million.

The property management and commercial real estate development company, which is now based in Madisonville after moving its headquarters to the first phase of Madamore from Norwood, has already finished the first phase of the project. The second phase, a total of 116 apartments plus street-level commercial space, is well under construction.

Dobbs Ackermann, CEO of Ackermann Group, said this project’s goal was to redevelop the downtown environment of Madisonville, begin to spur commercial activity and redevelopment and help increase home values. He also said he understands there are other needs to fill and that leaders in the community change.

“All we can do is try to adapt as best we can,” Ackermann told me. “We still have to keep the mission that was put in place, which is to create a long-term, thriving downtown environment that will last for 100 years.”

Read more from the Cincinnati Business Courier here.

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