Business, community, and local government leaders gathered Monday on a Newport hilltop to formally cut the ribbon on Skypoint Luxury Condos, the adaptive reuse of one of Northern Kentucky’s prime locations that will help fill the demand for condominium living in the city.
The Catalytic Fund of Northern Kentucky and 120 Main Street LLC, joined with project partners Forcht Bank and the City of Newport to cut the ribbon on the city’s latest residential development.
Edward Horgan, Partner in the development team, is enthusiastic about the location and the project they are developing.
The Catalytic Fund’s President and CEO Jeanne Schroer helped bring these condos to life.
Skypoint Luxury Condos — great views for Newport hilltop
“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,” Schroer said.
The SKYPOINT project will bring a much-desired housing opportunity to the region. And the views are spectacular.
The Skypoint Luxury Condos development is just the latest example – but certainly not the last – of the “tremendous investment pouring into Newport,” said Newport Mayor Jerry Peluso. “Residents living here will have tremendous views of Newport, the Ohio River, and the beautiful downtown Cincinnati skyline.”
Skypoint will offer residents common areas that include a roof deck with a wet bar, a business center, exercise room, a 20-foot by 40-foot 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 has 63 linear feet of windows to showcase the amazing overlook of Newport, Covington, and the Cincinnati skyline. The 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, including custom cabinetry, hardwood floors, a contemporary gas fireplace, sleek lighting and quartz countertops.
The units will range from 950-square-feet to 1,725-square-feet and will cost $240,600-$584,600, including garage space. Once both Phase 1 and Phase 2 are complete, there will be a total of 45 units. Demand for these units is expected to be high.
Gregory Niesen, Cincinnati Market President for Forcht Bank said, “The bank is providing the development loan, along with special purchase contract-rate lock financing for people purchasing the condos.”
Renderings of the facility:
