New Neighbors Coming to Uptown
The Benchmark site on Short Vine and the area behind the area library will soon be home to hundreds of new Uptown residents, as two new apartment buildings are being constructed.
The project, financed by US Bank with assistance from the Uptown Consortium, began site work in early May 2011 and is expected to be completed early next year. The new development is in concert with the local urban renewal plan.
The new construction will be LEED-certified, and includes two buildings:
• The first site will be located at the previous Benchmark property, and plans consist of a five-story building with 36 apartments and 7,000 square feet of retail space.
• The second site will house 72 luxury apartment units, and will be located behind the library.
All apartments will have balconies for residents to appreciate the views and enjoy the four seasons of Cincinnati. One, two and four bedroom apartments will be available, and are designed to appeal to UC graduate students as well as visiting professors.
“We’re excited for the project and what it will bring to the area,” says Dan Schimberg, president of Uptown Rental Properties, LLC. “This is just one of the many projects that we hope will bring people to live, shop and do business on Short Vine.”
The site, sold to Uptown Rentals by Uptown Consortium, is an example of how Consortium investments spur private investments in the neighborhoods. The Consortium marketed the site for infill development and sold the property below cost to facilitate redevelopment and reinvestment.