Montgomery and Maple – In Process Project Profile
Norwood Senior Housing Project
In-Process Project – This project is in process, and information may change. This page will be updated as it progresses.
The Norwood Senior Housing project will redevelop the former Quality Inn site at the corner of Montgomery Road and Maple Avenue into a new 178-unit affordable senior housing community.
Through its Public Finance practice, The Port provided financing assistance to help structure the deal and improve overall feasibility. By pairing innovative financing tools with a community-focused vision, The Port works behind the scenes to unlock complex sites and make transformative development possible.
The development is being led by PLK Communities in partnership with Birge & Held and represents a significant reinvestment in a key corridor in Norwood.
Impact:
This project demonstrates how strategic public finance tools can support community priorities by:- Expanding affordable housing options for older adults
- Supporting aging in place within Norwood
- Advancing reinvestment along Montgomery Road
- Leveraging structured financing and layered capital stacks to catalyze private development and advance housing initiatives.
Project Specs:
- Location: Montgomery Road & Maple Avenue, Norwood, Ohio
- Project Type: Affordable Senior Housing
- Units: 178
- Development Team: PLK Communities; Birge & Held
