Uptown Consortium, Inc. (UCI) reached a new milestone in Avondale’s Burnet Avenue revitalization with the complete second phase sale of the Hickory Place Townhomes development.
The eager response to the eight new townhomes was no surprise following the early success of UCI’s initial Hickory Place development. When the first phase of the highly-anticipated Avondale project debuted in 2015, Cincinnati area homes spent an average of 51 days on the market. The first five Hickory Place Townhomes were sold in just 16 days.
Like Phase I, Phase II homes offer a modern, contemporary design and feature:
- Nearly 1,400 square feet of space
- 2 or 3-bedroom floor plans
- 2.5 baths
- Hardwood floors
- Private study
- Stainless steel appliances
- Quartz countertops
- 2-car tandem garage
- On-street parking
The average Phase II townhome sale price was above $240,000. The project team included Wichman + Gunther Architects, Northpoint Advisory Services and John Huber Homes. Theresa Alexander and Mark Dehler, with Coldwell Banker West Shell Metro Link office, served as listing agents.
The $5 million housing project was developed by UCI with collaboration from the Avondale Community Council and the Avondale Comprehensive Development Corporation. Project funders include UCI, Cincinnati Children’s Hospital Medical Center, and the Uptown Cincinnati Development Fund, as well as UCI member institutions including the University of Cincinnati, UC Health, Cincinnati Children’s Hospital Medical Center, Cincinnati Zoo & Botanical Garden and TriHealth.
The next Hickory Place development phase is already underway, continuing the exciting expansion of new single-family residences in the historic Avondale community. Phase III townhomes are expected to hit the market by late summer 2017.