The Deacon, an estimated $120 million multifamily housing project near the University of Cincinnati, is adding 351 units with more than 1,000 beds to the CUF neighborhood. Trinitas Ventures, an owner, investor, developer, builder and manager of commercial real estate developed the Deacon.
Eli Routh, vice president of property operations for Trinitas, said the Deacon has received a great response from residents. About 880 of the building’s beds have been leased, including 400 that were leased to UC for student housing.
“We want this to be one of the best projects in Cincinnati,” Routh told me.
Rental rates range at the Deacon based on whether you’re looking to live on your own or with roommates. Monthly rent starts at $1,004 for studios or $1,179 for one-bedroom, one-bathroom units. For four-bedroom, four-bathroom units monthly rent starts at $819.
The monthly rent includes cable and internet as well as trash, sewage, water and all of the property’s amenities. The apartments come furnished, complete with 48-inch TVs, granite counters, 9-foot ceilings, and full-size washers and dryers.
Amenities at the Deacon include a dog park and pet wash station, a jam lounge and music practice room, a resort-style pool and sun deck, TV & gaming areas, a hammock lounge, and outdoor grilling stations and fire pits. The building also offers unique views of the city. Many of the units have interior balconies overlooking the pool and sun deck.
While the flashier amenities, such as the large outdoor pool or the golf simulator and putting green, might get a lot of attention, Trinitas also devoted space for residents to focus on scholastics. There is a business center with 12 computers, six Macs and six PCs, as well as four study rooms on the amenity level. In addition, there is a study room on each level for a total of 18 throughout the property.
“Study space is becoming more and more popular,” Routh said. “We felt this amount was appropriate for the number of residents.”
While the last pieces of construction wrap up on the Deacon, Trinitas is working on plans for the former Deaconess Hospital property across the street. There, it is planning The District, a mixed-use apartment-hotel-retail project that would be part of an overall $300 million development.
“We want this to be a benefit for the community, for the university,” Routh said. “We want to help produce further development.”