New Mixed-Use Development in the McMillan Business District
Poste (formerly Firehouse Row) is an approximately $18 MM mixed-use development along Walnut Hills’ East McMillan Street corridor. The development will bring 124 market-rate apartments and 4,000 – 5,000 SF of commercial space. The apartments will include a mix of 18 studios, 73 one-bedroom units, 28 two-bedroom units, and 5 two-bedroom townhouses.
The Port’s Public Finance Practice is entering into a sale-leaseback arrangement with an affiliate of Milhaus Development, LLC as well as issuing up to $14 MM in taxable lease revenue bonds secured by rental payments under the lease. The Hamilton County Landbank also played a role through the acquisition and sale of three vacant, blighted properties on Wayne to the Walnut Hills Redevelopment Foundation.