Cincinnati Ohio Economic Development

Work starts at U Square @ The Loop

Cincinnati.com
Ground will be broken Wednesday for U Square @ The Loop, a $78 million residential, retail and office development on 4.2 acres bordering the University of Cincinnati campus.

Included in the project: 161 apartments, a 100-room hotel, community green space and two parking garages for more than 700 vehicles. The market-rate apartments will include studio, one- and two-bedroom units, and will be ready for the 2013-14 academic year.

Towne Properties and Al. Neyer Inc. are partnering with Clifton Heights Urban Redevelopment Corp. to secure financing.

“U Square will be a welcome and exciting addition to the Uptown area and the University of Cincinnati community,” UC President Gregory H. Williams said. “Our students, faculty and staff eagerly await the opening of new retail and residential developments along this corridor.

“This project will do great things for the area that sits at our southwestern gateway.”

The ground-breaking event will take place at 10:30 a.m. at 285 Calhoun Street.

Read the Cincinnati.com article here.