CIG Communities $65M+ downtown Cincinnati apartment conversion gets construction loan, start date

8/5/2025

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Cincinnati Business Courier

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• Subcategory: Capital Markets: Debt, MF: Affordable, MF: Market Rate, Office: CBD

• Tag: Conversion | New Construction

• Additional Filters-Subcategory: Capital Markets: Tax-Exempt-Taxable-Bonds, MF: Highrise, Office: Highrise

• Additional Filters-Tags: Conversion: Office-to-Residential

• Company: CIG Communities, Truist Bank

Story Highlights
CIG Communities secures $40 million loan for a $65 million apartment conversion downtown.
The former URS office building will become 162 apartments with affordable units.
Project receives $8.9 million tax abatement and $45 million in bonds.

CIG Communities

David Bastos | President

[email protected]

513-241-5090

Ohio

Office

CIG Communities $65M+ downtown Cincinnati apartment conversion gets construction loan, start date

CIG Communities

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