Large Residential Project Begins in Downtown Covington
Demolition has begun on the next big residential project in downtown Covington.
Duveneck Square's first phase will include 110 one and two-bedroom apartments along Washington Street between Seventh and Eighth Streets. The project is being developed by Cincinnati-based NorthPointe Group, which has been behind some high-profile developments in the Queen City.
"Benefiting Covington as a whole, redevelopment of this underutilized site into market rate housing aligns with the City’s efforts to increase revenue, support and expand local businesses and increase parking opportunities," said City Manager Larry Klein. “The Duveneck Square project will serve as a gateway, bringing in more residents and more customers for our local businesses. It also demonstrates the strong demand for more market rate housing in Covington. We look forward to what the future holds.”
“To see the physical transformation of this area begin and knowing the significant investment being made is an awesome feeling," said Mayor Sherry Carran. “Through the collaborative efforts and the focus of NorthPointe Group, the The Catalytic Fund, Kenton County, City staff & Commission, and the partnership with Covington Independent Public Schools on the Industrial Revenue Bonds, we are at a point where it is hard to deny the City is moving forward in a positive direction.”
NorthPointe Group has facilitated numerous projects, including developments in Over-the-Rhine consisting of apartments, condos, office spaces and other commercial/retail use, specifically the development of 111 market rate apartments located at 7th Street and Broadway Street.
Duveneck Square is the first project in a new wave of high-end multi-family developments taking place in Covington, including the 501 Main Street project.
Development Manager Donald Warner stated, “With the recent opening of the $22 million Hotel Covington right around the corner, Duveneck Square is another example of the significant investment that is taking place in Covington.”
While the timeline is tentative, the site’s groundbreaking is scheduled to take place in late November, followed by a construction period lasting approximately 14 months. Residents and businesses are anticipated to move in between January and February, 2018.