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.
$48 Million Construction Loan Secured for New 273‑Unit Cityview Station in Ludlow; Groundbreaking Under Way
A $48 million construction loan has been arranged to build a new 273‑unit apartment community called Cityview Station in Ludlow, Kentucky. The financing was secured by Northmarq’s Cincinnati Debt + Equity team on behalf of Acendion Collective, and lenders involved include First Financial Bank and Associated Bank. Acendion has marked the start of construction with a ceremonial groundbreaking, and the project is on track for first building deliveries in the second quarter of 2027.
Who arranged the loan and who is building the project
The financing team was led by Northmarq representatives based in Cincinnati, working collaboratively with colleagues on the transaction and with the two banks providing the loan. The developer is Acendion Collective, which is part of The Fischer Group. Company leaders and local officials took part in the ground‑breaking event, which included project renderings and a symbolic first dig.
Site, access and timing
Cityview Station sits on a nine‑acre site at the northern edge of a larger 64‑acre master‑planned community led by Fischer Homes. The location is just about four miles from downtown Cincinnati and offers direct access to Interstate 75 and nearby Highway Avenue, putting residents minutes from Covington, Newport, Over‑the‑Rhine, Fountain Square, and the Cincinnati riverfront. Construction activity was reported to have begun in September 2025, and the project targets delivery in the second quarter of 2027.
Design and unit mix
The development will feature a mix of one‑, two‑ and three‑bedroom apartments spread across three‑, four‑ and five‑story buildings designed to capture views of downtown Cincinnati and the Ohio River. Units will include balconies and both river and city views, with high‑end, condo‑style finishes. The developer has emphasized design choices intended to raise the overall standard of living offered in Ludlow.
Amenities and parking
Planned on‑site amenities are extensive and aimed at both daily living and leisure. The property will include a resort‑style pool, an expansive exterior courtyard, top‑floor community space with city views, a co‑working lounge and library, a state‑of‑the‑art fitness center, and a dog park. Practical features include private garages, individual storage units, a pet washing station, and roughly 400 on‑site parking spaces.
Leasing and market context
Leasing is expected to begin roughly four to six months before the first units are delivered. The project is presented as adding new, high‑quality rental housing to a community that has seen rising home prices and population growth. The wider Cincinnati metro area has been noted for growing demand for modern multifamily units, driven in part by a large share of older apartment stock.
Local and regional context — other developments
In the same broader market area, another suburban project recently announced will add 306 units in Springdale, Ohio. That development includes garden‑style apartments and townhomes, modern finishes, pools, fitness centers and significant parking. These projects reflect ongoing development activity across the Cincinnati metro area as demand for newer apartments grows.
Safety note from the region
Separately, local firefighters recently responded to an apartment fire where two children were trapped and rescued. Fire crews found heavy smoke and fire on arrival, forced entry, and removed two children who were later treated for minor injuries. The blaze was contained to the room of origin, displaced at least three people, and caused estimated damages of about $27,500. A large response of firefighters helped keep the incident from becoming more severe, and working smoke detectors were reported inside the apartment.
What to expect next
Construction will continue through the planned delivery period, with leasing to open several months beforehand. The development team and lenders have highlighted the collaborative effort that brought the financing and ground‑breaking together. Interested renters and local stakeholders can expect continued public updates as construction reaches key milestones.
FAQ
What is Cityview Station?
Cityview Station is a planned 273‑unit multifamily community in Ludlow, Kentucky, designed with river and city views and high‑end finishes.
Who is financing and developing the project?
Construction financing was arranged by a Cincinnati‑based commercial real estate finance team, with loan participation from two regional banks. The developer is Acendion Collective, part of The Fischer Group.
When did construction start and when will units be ready?
Construction activity was reported to have begun in September 2025, with building deliveries slated for the second quarter of 2027.
What amenities will be offered?
Amenities will include a resort‑style pool, courtyard, top‑floor city‑view community space, co‑working lounge and library, fitness center, dog park, private garages, storage units, and a pet washing station.
How much parking is planned?
Plans call for approximately 400 on‑site parking spaces, including private garages for select units.
When will leasing begin?
Leasing is expected to start about four to six months before the first units are delivered.
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Key Project Features
| Feature | Details |
|---|---|
| Loan amount | $48,000,000 |
| Units | 273 apartments (1, 2 and 3 bedrooms) |
| Site size | 9 acres |
| Developer | Acendion Collective (part of The Fischer Group) |
| Lenders | First Financial Bank and Associated Bank |
| Construction start | Reported September 2025; ceremonial groundbreaking held |
| Estimated delivery | Second quarter 2027 |
| Amenities | Pool, courtyard, top‑floor city‑view community space, co‑working, fitness center, dog park, pet wash |
| Parking | About 400 on‑site spaces, including private garages |
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 CA News
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