A nonprofit publication of the Kentucky Center for Public Service Journalism

Catalytic Fund, 120 Main Street LLC, project partners introduce Skypoint condo development in Newport

On Monday, August 26, The Catalytic Fund and 120 Main Street LLC, with project partners Forcht Bank and the City of Newport, will gather with community leaders and project supporters to present Skypoint Luxury Condos, the adaptive reuse of one of Newport’s prime locations.

The Skypoint development will fill the demand for condominium living in Newport.

The site is the former Baptist Convalescent Home

Edward Horgan, partner in the development team, is enthusiastic about the location and the product they are developing.

“I have lived in the Cincinnati region my entire life and haven’t seen views as stunning as those at Skypoint,” he said. 

The Catalytic Fund’s President and CEO Jeanne Schroer is proud to help bring these condos to life.

“There is a lot of demand in NKY for high-quality condominiums in this price range and especially with the amenities this project will offer.”

The development will offer residents well-appointed common areas that include a roof deck with a wet bar, a business center, exercise room, a 20’x40’ outdoor pool and deck area, a recreation and party space off the lobby, an enclosed courtyard and a dog park with trails and a pond.

Of course, the primary selling point is the stunning view. The project’s first phase will have 19 units, 16 of which face the skyline. The model unit, which will be unveiled at the ribbon-cutting ceremony, has 63 linear feet of windows to showcase the amazing overlook of Newport, Covington, and the Cincinnati skyline.

As Horgan put it, “this floor-to-ceiling glass brings the breathtaking view right into the living spaces.”

Ben Trautman, the other partner in the development team, is excited about the high-quality finishes each unit will have.

“We included custom cabinetry from KTCHN, hardwood floors in the main living area, a contemporary gas fireplace, quartz countertops, and sleek lighting. The kitchen will have a large walk-in pantry and the peninsula, where the sink is located, will face the incredible view.

Residents will also have an on-site storage space, as well as the option to have their own­ garage,” he explained.

The units will range from 950 square feet to 1,725 and will cost $240,600-$584,600, including a garage space. Once both Phase 1 and Phase 2 are complete, there will be a total of 45 units. Demand for these desirable spaces is expected to be high.

Gregory Niesen, Cincinnati Market President for Forcht Bank, says, “Forcht Bank’s commitment to the communities we serve makes us a perfect fit for this project. The bank is providing the development loan, along with special purchase contract-rate lock financing for people purchasing the condos.”

Niesen will personally handle the buyer loan applications.

The Skypoint project will continue the strong momentum of Newport’s west side and bring a much-desired housing product to the region.

The Catalytic Fund

Related Posts

One Comment

  1. Thanks for your publication. One other thing is always that individual states have their unique laws in which affect homeowners, which makes it very, very hard for the our lawmakers to come up with a different set of recommendations concerning property foreclosure on householders. The problem is that every state features own legal guidelines which may work in an unfavorable manner in regards to foreclosure procedures.

Leave a Comment