Introducing Thatcher Flats, Cincinnati’s Newest Affordable Housing Community
Thatcher Flats, located in the vibrant Walnut Hills neighborhood of Cincinnati, Ohio, is a transformative affordable housing development that reflects The Douglas Company’s commitment to enhancing communities through high-quality construction. The project, with it’s second phase currently underway, will bring a total of 86 units of affordable housing to the area, addressing the growing need for safe, affordable living options in one of Cincinnati’s most historically rich neighborhoods. This venture is our fourth project with owner Pennrose Properties, LLC.
As the general contractor for Thatcher Flats, The Douglas Company is proud to play a pivotal role in revitalizing Walnut Hills while providing residents with modern apartments. The development was designed by Cincinnati-based architectural firm New Republic Architecture with the well-being of the community in mind. Thatcher Flats offers a mix of one, two, and three-bedroom units, as well as a host of community amenities to promote a high quality of life. These include green spaces, on-site parking, and easy access to public transportation, which enhances the overall livability of the area. Completion is expected in September of 2025
Construction Challenges and Solutions for Thatcher Flats
Coming Soon!
Additional Information About Thatcher Flats
- Project Type: Affordable Multifamily Housing
- Project Location: Cincinnati
- Number of Units: 50 in Phase I, 36 in Phase II
- Owner: Pennrose Properties, LLC
- Architect: New Republic Architecture
- Completion Date: Phase I in June 2024, Phase II expected in September 2025
- Total Square Footage: 82,121 square feet
- Total Contract Value: $17 Million
- Amenities: Granite Countertops, In-Unit Washer/Dryer, Individual Attached Single-Car Garages, Pickleball Court
Thatcher Flats in the Press
- The Douglas Company Expands Affordable Housing with Lincoln & Gilbert Family Development – Press Release from The Douglas Company
- Ohio General Contractor, The Douglas Company, Completes First Phase of Affordable Housing Development Thatcher Flats – Press Release from The Douglas Company
- Pennrose debuts first phase of $27M Thatcher Flats project in Walnut Hills – Article from The Cincinnati Business Courier
- Pennrose Opens Phase I of Thatcher Flats Mixed-Income Housing Community in Cincinnati – Article from Rebusiness Online
- Pennrose Celebrates Grand Opening of Thatcher Flats Phase I & Begins Construction on Phase II – Article from Yield Pro
- Construction Gets Underway on Second Phase of Cincinnati Affordable Housing Development, Thatcher Flats — Press Release from The Douglas Company
Project Photos of Completed Thatcher Flats, Phase I
In-Progress Photos of Thatcher Flats, Phase I
Interested in Working With The Douglas Company for Your Next Project?
At The Douglas Company, we are an industry-leading Ohio commercial general contractor that has been building high-quality affordable housing communities like Thatcher Flats 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. We specialize 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. We’d love to work with you on your next project. Reach out today by filling out our contact form.
leave a comment