Will oversee sale of multiple development opportunities as part of five-acre mixed-use project
Trinitas Development has selected Cushman & Wakefield as exclusive advisors for its mixed-use development, The District at Clifton Heights in Cincinnati. The $425 million project, located adjacent to University of Cincinnati, will assemble market-rate and age-restricted housing, ground-floor retail space, and a hotel on the five-acre site. Trinitas also plans to build a second phase of student housing totaling more than 800 beds. Cushman will serve as advisor as Trinitas looks to develop partnerships on individual elements of the overall program.
Cushman & Wakefield’s Midwest Multifamily Advisory Group has been selected by Trinitas Development as exclusive advisors on the sale of multiple development opportunities that are part of the mixed-use project. The community will include multifamily housing, approximately 60,000 square feet of retail space, and a hotel, to complement The Deacon, a 1,000-person student housing complex that opened in August 2019.
The Cushman & Wakefield execution team includes capital markets experts specializing in the multifamily, senior housing and hospitality sectors, both from the company’s Chicago global headquarters and local Cincinnati office. Chicago-based brokers include Todd Stofflet, managing director, Jason Stevens, managing director, and Brad Smith, associate.
“Once completed, The District will become a destination for Cincinnati residents and visitors alike and will have a significant economic impact on the community as a whole,” said Stofflet. “Each component of this development brings a unique investment opportunity for the right buyer or buyers, who will become partners in transforming this diverse and active artery of the city.”
Situated on five-acres of entitled development along Calhoun St. in Clifton, on the former site of Deaconess Hospital, the next phase of development is set to begin construction later this year, with an expected completion date in the summer of 2023.