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1118 Sycamore Street

Cincinnati, OH

Mixed-Use - Acquisition

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Cincinnati, OH

1118 Sycamore Street

MIXED-USE - ACQUISITION

ACRES Capital originated a $38M loan to develop 1118 Sycamore Street, a mixed-use Cincinnati project in the city’s largest historic district, Over-The-Rhine. The loan carries a term of 30 months and is sponsored by Charles Street Investment Partners, a boutique real estate investment and development company.

This project will reinvent the 0.93-acre lot into the largest residential complex in the area. The new seven-story development will incorporate:

  • Apartment Units
  • Townhomes
  • Parking
  • Open Office Space
  • Retail

Situated in Cincinnati’s Over-The-Rhine submarket, the new development is in a prime location for residents and renters. Recently revitalized, this neighborhood provides an exceptional backdrop for the project. With restaurants, shops, nightlife destinations, arts and cultural events, parks, and historical sites, it offers a diverse lifestyle for the community. Specifically, the district is home to the Arts Academy of Cincinnati, the School of Creative and Performing Arts, and the Cincinnati Symphony Orchestra. Additionally, 1118 Sycamore Street is directly adjacent to downtown Cincinnati, which also recently underwent a massive urban revitalization.

Global architecture, planning and design firm NBBJ led the design of 1118 Sycamore and will oversee production designs being completed by Architecture Alliance.

$38 Million

Loan Amount

30 Months

Loan Term

Construction Loan

Loan Product

“Charles Street is thrilled to have the opportunity to work with ACRES, a highly discerning lender steeped in both underwriting and construction expertise. We look forward to a successful partnership in such a dynamic, historic market as Over-the-Rhine, an urban revitalization story almost unparalleled in this real estate cycle.”

- Jason Pollack, Charles Street Investment Partners

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