Model Group recently purchased 10 properties near and adjacent to
Findlay Market for more than $1.5 million. The developer, who historically doesn’t purchase buildings, believes in the potential of the area.
“It may take a few years, but as a company, we wholly believe in the Findlay Market district as something that can’t be re-created anywhere else,” says Bobby Maly, chief operating officer for Model Group.
The first phase of the Race Street project will be a $14 million development. It will include 55,000 square feet of commercial space for retail and offices, as well as 15 apartments.
“As we have done with many of our Over-the-Rhine properties, including those on Vine Street and Broadway Square in Pendleton, we believe in restoring first-floor retail space so it brings back life to the street,” Maly says.
The retail spaces will complement the vendors in Findlay Market, and will be within walking distance to all neighborhood amenities.
“Our company’s mission is to positively transform communities, and we hope we can be part of the revitalization of the Findlay Market district and the northern half of OTR,” Maly says.
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