Nationwide Realty Investors Ltd. has another round of rental housing on tap.
The developer of Grandview Yard plans to build 166 apartments on a 2.2-acre site next to the 800 Yard St. office property that just opened.
It’s the latest phase of residential development within the former industrial district of Grandview Heights, where the bulk of the 115-acre mixed-used project is located.
The new Brooks building will be part of the scattered Apartments at Grandview Yard development and will have a 128-slot underground parking garage serving the mix of one- and two-bedroom apartments within the four-story, Sullivan Bruck Architects-designed complex. The apartments will range in size from 722 to 1,219 square feet of living space.
Nationwide Realty President Brian Ellis told me the development is getting driven by insatiable demand for rental housing.
“We have experienced continual demand,” Ellis told me, “and we haven’t been able to keep up with the interest in living in Grandview Yard.”
In fact, the planned Brooks complex will rise a couple blocks from the 154-unit Apartments at the Yard that Nationwide Realty completed in 2012, and the 120-apartment Keystone building completed in late 2014. Both of those are fully leased.
Ellis told me he expects the rental housing to get delivered by late summer 2016. Construction is scheduled to start next week and it’s not the only residential construction going on within the Yard. Wagenbrenner Development Inc. this year began building 20 detached houses and 25 townhouses – all for sale – along the west-central edge of Grandview Yard. That Homes on Pullman Way project is located off Bobcat Street between Burr and Williams avenues.