PORTFOLIO
433 Clark Street
Three condos in a historic district.
COMPLETED + SOLD OUT!
With its historic charm and incredible location just outside of the Central Business District, this unique neighborhood has attracted the attention of a younger, more affluent demographic of renters and owners. The completion of this building - previously the final incomplete structure - allows the entire street to regain its standing as a complete set of high quality structures.
Renovation work is complete in restoring the building into a three-unit condo property designed to cater to the urban dweller who values historic character in a fully updated living environment and a neighborhood setting with easy access to parks, shopping and entertainment that comes with downtown living.
The project aligns with the goals of the broader community development efforts and produces unique market rate residential options that are in minimal supply now in an area poised to experience substantial growth.
The Phebe Condos sold out in June 2019.
650 E McMillan Street
Mixed use property in a growing neighborhood.
OCCUPIED! AirBnb, apartments, and commercial spaces.
Located at 650 E McMillan St on the western edge of Walnut Hills, The Dixon Building is a hidden gem that will surely not stay a secret for long. With its city views and hilltop location, historic charm, and shops at ground level, the five residential tenants of the building live a unique urban lifestyle only moments from downtown.
After undergoing a major renovation in 2004, the building received another major upgrade with its purchase by Becki and Jeremiah Griswold. They upgraded the property and started their now famous White Whale Tattoo shop on the ground floor. Their friends later opened a coffeeshop next door; today The Fix Coffeehouse & Bar operates the space.
In the coming years, TSREPs plans to make follow on investments in the Walnut Hills area. Together with the efforts of other area developments by Urban Sites, Model Group, and Milhaus Development, this neighborhood will certainly see continued growth and prosperity.
View the Airbnb listings here!
Central+Providence
Parcel assemblage to create a multifamily complex.
SOLD / ASSIGNED
Located in the West End just over Central Parkway, this three parcel assembly of land is highly walkable to everything that OTR has to offer. The three buildings together represent the potential for 8 to 12 units.
While OTR offers high end condos for the big-budget buyer, Central+Providence offers young professionals the opportunity to buy in to a growing area with huge appreciation potential. As development efforts continue to move west, these units will quickly move from 'pioneering' to 'center of it all'.
An update: as the dynamic of the West End changed due to the interest of Fussball Club Cincinnati, TSREP ultimately decided to structure a deal to transfer these parcels to West End Ventures LLC. After our January 2018 purchase, 1509 Providence St was sold March 2018 to return 106% to investors. 1510-1514 Central Ave - which TSREP had under contract in February 2018 - was ultimately purchased by West End Ventures LLC after contract assignment.
We are excited to see what these parcels become, and look forward to other development opportunities in this growing neighborhood.
5 Estelle Street
Single family rental with city views
COMPLETE AND LEASED!
Perched at the top of historic Mount Auburn overlooking downtown Cincinnati, 5 Estelle Street is a beautiful 4-bed / 2.5 bath charmer.
Located directly between Uptown and Downtown, 5 Estelle is a quick walk to the growing Christ Hospital Main Campus and an easy drive to Downtown, OTR, the University of Cincinnati, and highway access to the region. With several large scale developments opening nearby, the neighborhood is poised for massive growth in the coming 2-5 years.
TSREP & its partners acquired the property in October 2020 and will complete a minor cosmetic renovation. We will operate it as a long term buy-and-hold. It will be available for rent Jan 1, 2021.