Wednesday, October 20, 2004

Bellevue condos to merit name


View costs almost a million bucks

By Mike Rutledge
Enquirer staff writer

[photo]
Bellevue Waterfront Condominiums will cost $700,000 to $900,000. Each of the 3,200-square-foot units will have eight-foot tall windows facing the Ohio River.
Provided
The 24-unit Bellevue Waterfront Condominiums will have lots of glass facing the Ohio River and 650 square feet of outside terrace apiece, along with some of the other amenities prospective residents are likely used to, such as private, two-car garages.

"The main selling point has been that the size of the units is commensurate with the way our buyers have been living," said Jack Donenfeld, CEO of Cincinnati-based Donenfeld Group, which specializes in resort and condominium development in ski and waterfront areas, such as Telluride, Colo., and Naples, Fla.

"Many of our buyers are coming directly from their own homes," Donenfeld said. The buyers, a mix of empty-nesters and younger professionals from "Cincinnati and all over Northern Kentucky," are used to such amenities as their own garages and secure elevators that go directly into their living spaces, he said.

"They will be very, very generous in size," said Chip Hunter of HHB & Partners Inc., the real estate broker handling the properties, priced from $700,000 to $900,000. Each of the 3,200-square-foot units will have ceilings nine to 10 feet high, and each unit's great room will have about a 26-foot length of windows eight-feet tall facing the river.

People so far have reserved nine of the 24 units, and those people will be offered contracts within two weeks, Donenfeld said.

"It continues the rebirth" of Bellevue, said Mayor Jack Meyer. "I think it'll increase our notoriety and bring people into our business area."

"It's another jewel in the crown of the south bank of the river," said Wally Pagan, president of Southbank Partners, a nonprofit organization created to promote development along the river in Kenton and Campbell counties.

Truckloads of dirt will lift the property above the 100-year floodplain, to the same elevation as Eden Avenue to the south, Donenfeld said. Site preparation will start in January and will take about two months. Construction of the pair of six-story buildings will start in March and April, with occupancy of both expected March 2006.

The project will be a block east of Ackermann Group's 106-condominium Harbor Greene development.

E-mail mrutledge@enquirer.com




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Bellevue condos to merit name