Cincinnati, Ohio, November 13, 2024 – The Douglas Company, a general contractor leader in multifamily housing and senior living, is pleased to announce the second phase of construction on Thatcher Flats, an affordable multifamily housing development in the Walnut Hills neighborhood of Cincinnati. This $6 million venture is The Douglas Company’s fourth project with owner Pennrose Properties, LLC. Completion is expected in September 2025.
While the first phase of development focused on Buildings AB and C, this second phase will center on Building D and encompass a total of 30,274 square feet. This three-story building will be broken up in 3 pods of 12 units each, for a total of 36 affordable housing units. Similar to the other buildings in the development, residents will be able to choose between one-, two-, and three-bedroom units. The three-bedroom units will also feature in-unit laundry. Residents will also have access to the amenities that were completed during Phase 1 of construction. Visually, Building D will be the mirror image of Building C, a continuation of Cincinnati-based architectural firm New Republic Architecture’s modern design vision.
“We’re excited to be a part of the final chapter of construction on Thatcher Flats. The Walnut Hills neighborhood is making a comeback and it’s developments like these that can truly make an impact with residents,” Pete Zimmerman, Vice President of The Douglas Company, said. “As an added bonus, it’s always a pleasure to work with our good friends at Pennrose Properties and New Republic Architecture.”
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 419-865-8600 or visit our website at www.douglascompany.com.
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