Wednesday, November 07, 2001
Condos on way for Ludlow
Little river town just got its first gas pumps last year
By Sarah Buehrle
LUDLOW Last summer this tiny city delighted in its first gas pumps.
By next summer it could be celebrating its first luxury condominiums, a $30 million riverfront project under construction that is expected to open next year. Statistics show it will boost Ludlow's housing stock by 13 percent in one fell swoop.
Fischer Development company broke ground for River's Breeze in September. (The project originally was called Chateaux Devou.) This month roads for the 250-unit development should be finished, and next month construction on homes will begin, company executives said.
Earth-moving equipment grades a site above Hazen Street in Ludlow for the $30 million condominium development to be known as River's Breeze.|
(Patrick Reddy photo)
| ZOOM |
Though it is more difficult to construct on hilly terrain, construction is running smoothly and on schedule, said Russ Beymer,director of marketing for Fischer. From the Kentucky side of the river, Cincinnati's skyline is in full view.
Ludlow Mayor Edward Schroeder said that Ludlow, a city with 1,888 housing units according to the 2000 census, has been in a steady decline since the 1950s. He attributes the decline to Ludlow's aging population.
He expects that the condominiums will attract a population of younger people who work in Covington and downtown Cincinnati.
Mr. Beyer said that, barring bad weather, sales of the condos should start during the first quarter of 2002, and people should move into the partly constructed complex by the middle of the year.
Dozens of people are already on a waiting list to be called when unit prices are firmly in place.
Just legal announcements buried in the paper produced phone calls, Mr. Beymer said. We're finding that people in Bromley and Ludlow are wanting something new.
There will be two types of condominiums in the new complex. The first is a terrace condominium, which is a three-level building housing 12 to 14 units. The traditional terrace-style condominium has common hallways and common entries, but Mr. Beymer said that the terrace-style units at River's Breeze will be a new design with private entries for each unit.
Prices have not been fixed for the units. Mr Beymer said that in other neighborhoods, the traditional terrace condominium starts at $90,000.
The complex will also contain larger, villa-style condos. Area villa homes start at $120,000, though that does not mean the prices at River's Breeze will be the same.
Total project cost has been estimated at $30 million to $40 million.
Mr. Schroeder says the new condos have kick-started the city into planning for its future. A newly established Ludlow Economic Development Committee will invite University of Cincinnati students to study the city and suggest plans for Ludlow's growth. And a committee was established in October to assess the needs of the city's all-volunteer fire department.
The city also is considering applying for a grant to investigate whether parts of it are historically significant.
The street name of the new development is already a thing of the past. The city has renamed Uphill Avenue RiversBreeze Drive.
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