Monday, May 22, 2006

Parker Flats: Cincinnati Post story

Parker Flats:

Post staff reporter Bob Driehaus

The booming downtown condominium market is adding another 49-unit project.
Parker Flats, at 345 W. Fourth St., will be built from scratch and will feature soaring glass walls and a spartan steel design. Its units will go on the market Friday with prices mostly between $200,000 and $300,000.
Christine Schoonover, a Huff Realty agent leading marketing of the condos, said six to eight condos will be priced below $200,000 and three will be more than $300,000. The rest will fall in between to appeal to an underserved segment of the housing market, she said.
"They're purposely designed in a range no one else is offering," she said.
Middle Earth developers of Cincinnati is in charge of the project and hope to break ground in three months. The condos could be ready for occupancy as early as next year.
One big draws for the condos are dramatic glass walls, Schoonover said. "Picture this: 16-foot ceilings, which means you got a 16-foot wall. You push a button and the bottom eight feet of the wall rise to the top. You have an instant patio." There will be a railing for safety.
Schoonover said the development is testament to the momentum gained from the last few years of successful condominium developments.
Condominium projects are cropping up throughout downtown as well as along Covington's riverfront. Among major projects in the works are "The Ascent at Roebling's Bridge," an 80-unit high-rise in Covington; the American Building on Central Parkway, being converted from offices to condos, and the conversion into condominiums of the former McAlpin's store on Fourth Street.

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