The demolition of buildings along Covington’s Washington Street started yesterday, marking the first step in physically redeveloping the site for the mixed use residential and commercial Duveneck Square project.
Located along Washington Street between 7th and 8th Streets, the NorthPointe Group will develop the four-story, high-end multi-family project. The demolition is the first physical alteration to the site making way for the construction of Phase 1.
“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.”
Phase 1 of the project will produce 110 one bedroom and two bedroom units bringing in a new cohort of residents and commercial tenants to the City’s Central Business District. Upon its completion, Phase 2 construction will commence, producing a parking structure and retail, office and additional residential units.
“To see the physical transformation of this area begin and knowing the significant investment being made is an awesome feeling,” said Mayor Sherry Carran.
Carran credited collaborative efforts of NorthPointe Group, the The Catalytic Fund, Kenton County, City staff and Commission, and the partnership with Covington Independent Public Schools on the Industrial Revenue Bonds.
The City and NorthPointe Group completed a multi-faceted pre-construction phase, which required coordination to close project financing and obtain permits and approvals, including the City’s Urban Design Review Board’s authorization to move forward with proposed designs.
To view project design renderings, click here.
“In working on this project, the City of Covington and all of its staff have been very supportive of our development efforts,” said NorthPointe Group’s Lisa Scovic.
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, which also includes the 501 Main Street project.
“With the recent opening of the $22M Hotel Covington right around the corner, Duveneck Square is another example of the significant investment that is taking place in Covington,” said Donald Warner, development manager.
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.
From the City of Covington