Cincinnati, OH, August 29, 2024 – The Douglas Company, industry-leading Ohio General Contractor, proudly announces the completion of the first phase of construction on affordable housing development Thatcher Flats.
Designed by Cincinnati-based architectural firm New Republic Architecture, Thatcher Flats has a modern look with excellent amenities including a workout room, laundry room, on-site management, a community room, a homework nook, and parking. Beautiful murals from ArtWorks Cincinnati adorn the exterior of one building, with references to the culture of the neighborhood. The development spans 51,847-square-feet and features 50 affordable housing units for individuals and families, with one, two, and three-bedroom units. The three-bedroom units also feature in-unit laundry. It is The Douglas Company’s third project with owner Pennrose Properties, LLC.
This $11.7 million project is located in the Walnut Hills neighborhood of Cincinnati. The name, Thatcher Flats, comes from Thatcher’s Fish and Poultry, which was a prominent meat market in the area from the 1930’s to the 1990’s. Throughout construction, The Douglas Company maintained good community relations, paving the way for a smooth finish and a comfortable working atmosphere when the next phase of construction gets underway.
“Thatcher Flats Phase I is just another stepping stone in bringing back the Walnut Hills area and the culture that originated in this part of Cincinnati,” said Chase Watson, Assistant Project Manager for The Douglas Company.
About The Douglas Company
At The Douglas Company, we are an industry-leading Ohio commercial general contractor that has been building high-quality living communities for cost-oriented developers since 1976. With headquarters in Holland, Ohio, and a second office in Orlando, Florida, we serve the Eastern United States with a focus in Ohio, Michigan, Indiana, and Florida. Specializing in affordable and market-rate multifamily developments and the full-range of senior living communities, we pride ourselves on our commitment to consistent results, integrity, and the success of our clients and associates.
As a 100% employee-owned ESOP company since 2021 and a seven-time honoree on the INC. 5000 list of fastest-growing private companies, we have provided highly-involved and collaborative preconstruction and construction management services to clients for nearly 50 years. Developed as a result of our comprehensive industry-focused knowledge and experience, our integrated Integri-D Process allows our clients to rest-assured their project is in the right hands. We manage every aspect of the client’s project from up-front cost control, preconstruction services, and construction management through completion and turnover.
For more information on this story or inquiries about The Douglas Company, please contact Bob Ritter, Director of Business Development, at 419-309-9715 or visit our website at www.douglascompany.com.
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