DETROIT, MI - Village Green, one of the nation’s largest privately-owned luxury apartment owner and operators, purchased 309 Vine St. in downtown Cincinnati. The company intends to redevelop the 300,000 square foot, 1920’s era; Beaux arts commercial building into a mixed use development that will open in 2016.
“We are excited about the potential of this building to be a mixed use development. Redeveloping historic properties is one of our specialties and this is a beautiful structure in a great location. Downtown Cincinnati is evolving into a 24/7 city and this property’s proximity to offices, hotels, cultural and sports venues, entertainment and restaurants make it an ideal opportunity. Plans for the building include luxury apartments, penthouses, market, restaurant, offices and a name change,” said Jonathan Holtzman, CEO of Village Green.
The historic building was originally an annex to the PNC Tower. In the 1800’s it was the site of The Burnet Hotel, known for hosting President-elect Lincoln on his inaugural journey to Washington DC.
Village Green opened its regional office in Cincinnati in 1985 and operates 15 urban and suburban communities in the greater Cincinnati area. Other recently completed historic, mixed use urban developments by the company are Soo Line City Apartments in Minneapolis and Randolph Tower City Apartments in Chicago.
About Village Green: Village Green manages over $4 billion in assets, approximately 40,000 apartments in 130 communities with offices in Baltimore/ Washington DC, Chicago, Cincinnati, Dallas, Detroit, Minneapolis, St. Louis and Toronto. Village Green’s portfolio consists of four distinct brands: Village Park, Village Green, City Apartments and Regents Park along with V-Suites Furnished Rentals. For more information explore villagegreen.com.