Ludlow, Kentucky, October 3, 2025
News Summary
Northmarq’s Cincinnati Debt + Equity team arranged a $48 million construction loan to finance Cityview Station Apartments, a planned 273‑unit multifamily community in Ludlow, Kentucky. The loan, secured for Acendion Collective in partnership with First Financial Bank and Associated Bank, supports a three- to five-story development with one-, two- and three-bedroom units, private balconies, condo-quality finishes and extensive amenities including a resort-style pool, co-working lounges, fitness center, dog park and roughly 400 on-site parking spaces. Construction is underway and deliveries are expected in line with the development’s leasing timeline.
Cityview Station gets a $48 million construction loan; groundbroken on 273‑unit development in Ludlow
A new riverside apartment complex in Ludlow, Kentucky, has secured $48 million in construction financing and has officially broken ground. The loan was arranged for the developer Acendion Collective by a Cincinnati‑based lending team, and construction was reported to have begun in September 2025. Building deliveries are planned for the second quarter of 2027.
Financing and team
The construction loan was arranged by Northmarq’s Cincinnati Debt + Equity team, led by two senior lenders and supported by two additional team members. The financing was placed through a collaborative relationship with First Financial Bank and Associated Bank. Company leadership said the closing was the first major project financing for the developer as it builds its multifamily platform.
Project overview and site
The project, called Cityview Station Apartments, will deliver 273 units across a nine‑acre site at the northern edge of a larger 64‑acre master‑planned community developed by Fischer Homes. The site sits roughly four miles from downtown Cincinnati and provides direct access to Interstate 75 and Highway Avenue, placing residents minutes from nearby urban centers and riverfront amenities.
Design, unit mix and amenities
Buildings will vary between three, four and five stories to capture views of downtown Cincinnati and the Ohio River. The unit mix will include one‑, two‑ and three‑bedroom layouts, many with private balconies, and units will emphasize river and city views with high‑end, condo‑like finishes. The development will also feature a top‑floor city‑view community space, a resort‑style pool, an expansive exterior courtyard, co‑working spaces and a large fitness center. Practical amenities will include private garages, individual storage units, a dog park and a pet washing station. Parking plans call for roughly 400 on‑site spaces.
Timeline, leasing and delivery
Construction is under way and deliveries are expected in the second quarter of 2027. Leasing is scheduled to start about four to six months before the first units are ready, giving the leasing team time to market the property to local and regional renters.
Community and developer goals
The developer frames the project as bringing high‑end riverfront living and new investment to Northern Kentucky while aiming to reflect Ludlow’s local character and support neighborhood vitality. Local leadership from the larger homebuilder behind the master plan described the project as a long‑term addition to the community that will add quality rental housing amid population growth and rising home prices.
Local housing market context
The Cityview Station project comes as developers are active across the Cincinnati area. Another recent project in the region, a 306‑unit community in Springdale, Ohio, will add a mix of garden‑style apartments and townhomes, with finishes such as quartz countertops and stainless steel appliances, plus amenities like a resident lounge, pool, fitness center and outdoor green space. Market notes emphasize that much of the region’s multifamily stock is older, creating demand for newer, modern apartments.
Public event and next steps
City officials and development partners attended a ceremonial groundbreaking that included project renderings and a symbolic first dig. Going forward, the construction team and lenders will continue work to meet the planned delivery window, while the developer prepares leasing plans and marketing outreach for the months ahead.
Nearby safety incident
In an unrelated local incident, area fire crews responded to an apartment fire in the broader Cincinnati metro area that led to the rescue of two children who were taken to a children’s hospital with minor injuries. Fire crews contained the blaze to a single room, displaced at least three people and estimated damages at about $27,500. Emergency responders credited swift action and working smoke detectors for limiting harm.
Frequently Asked Questions
What is Cityview Station?
Cityview Station is a planned 273‑unit multifamily apartment community in Ludlow, Kentucky, designed to offer modern rental homes with river and city views and resort‑style amenities.
Who is developing the project?
The project is being developed by Acendion Collective as part of a larger master plan connected to Fischer Homes and The Fischer Group.
How much financing was secured and who arranged it?
Construction financing of $48 million was arranged by Northmarq’s Cincinnati Debt + Equity team, working with First Financial Bank and Associated Bank on behalf of the developer.
When did construction start and when will units deliver?
Construction began in September 2025 and building deliveries are slated for the second quarter of 2027.
What amenities will the community include?
Amenities will include a top‑floor city‑view community space, pool, co‑working spaces, a large fitness center, private garages, individual storage units, and a pet washing station, among others.
Where is Cityview Station located?
The site sits in Ludlow, Kentucky, roughly four miles north of downtown Cincinnati with direct access to Interstate 75 and Highway Avenue, close to Covington, Newport and downtown neighborhoods.
When will leasing begin?
Leasing is expected to begin about four to six months before the first units are delivered, which places lease launch in late 2026 or early 2027, depending on final delivery timing.
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Key project features at a glance
| Feature | Details |
|---|---|
| Project name | Cityview Station Apartments |
| Units | 273 one-, two- and three-bedroom units |
| Site size | 9 acres within a 64-acre master plan |
| Loan amount | $48,000,000 construction financing |
| Construction start | September 2025 (reported) |
| Expected delivery | Second quarter 2027 |
| Access | Direct access to I‑75 and Highway Avenue; ~4 miles to downtown Cincinnati |
| Amenities | Pool, courtyard, top-floor city-view community space, co-working, fitness center, private garages, storage, dog park, pet wash |
| Parking | Approximately 400 on-site spaces |
| Financing partners | Northmarq arranged financing through First Financial Bank and Associated Bank |
Deeper Dive: News & Info About This Topic
Additional Resources
- Northmarq: Cityview Station Apartments financing
- Wikipedia: Ludlow, Kentucky
- Lane Report: Acendion Breaks Ground on Cityview Station
- Google Search: Acendion Collective Cityview Station
- Multifamily Dive: Milhaus breaks ground in Springdale
- Google Scholar: Springdale multifamily 306-unit
- WCPO: Firefighters rescue trapped children during apartment fire
- Encyclopedia Britannica: Apartment fire
- Local12: Ludlow KY mudslide and Cityview Station construction
- Google News: Ludlow Kentucky mudslide
Author: Construction TX News
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