Greiwe Development Group has partnered with
North American Properties and
Sibcy Cline Realtors for the redevelopment of the intersection of Observatory and Shaw avenues in Hyde Park. Demolition is expected to be completed by mid-December.
Five properties will be cleared to make way for the new project. Developers purchased the buildings in 2011; an affiliate, NAP Oak Park LLC, purchased four parcels on Linshaw Court and Shaw Avenue in March 2011, as well as two parcels at 2762 and 2770 Observatory Ave. Since acquiring them, Greiwe has been renting the apartments, which were built in the 1930s, ‘40s and ‘50s.
The condos at 2770 Observatory will follow the established business model that Greiwe and NAP used in
Mariemont with Emery Park, Nolan Park, Jordan Park and Phase IV.
Messer Construction will build the shell for the condos, and NAP will complete the interiors.
More information will be available in January as the project develops.
By Caitlin Koenig
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