Quick Links for

our community

Neighborhood Revitalization

Cincinnati, OH

Project Summary

Model Group’s comprehensive revitalization of Walnut Hills is a transformative, multi-phase effort designed to reinvigorate the neighborhood while preserving its rich history. This ambitious $105 million initiative includes a series of high-impact developments, blending historic preservation with modern amenities to create a vibrant, mixed-use community that attracts residents, businesses, and visitors alike.

At the heart of this revitalization is Paramount Square, a $22.6 million, LEED-certified project that restores and preserves eight historic buildings at the key intersection of Peebles Corner. In partnership with the Walnut Hills Redevelopment Foundation (WHRF), Model Group has created a dynamic mix of 51 apartments and 56,000 square feet of commercial space. Notably, Paramount Square is also home to Cincinnati’s first minority-owned brewery, marking an important milestone in the city’s business landscape.

Another cornerstone of the revitalization is Trevarren Flats, a $10 million, LEED-certified development that has meticulously restored three historic buildings into 30 market-rate apartments and over 6,000 square feet of commercial storefront. This project combines modern living with preserved historic charm, offering a unique mix of studio and two-bedroom apartments, alongside a range of brand-new amenities. Dedicated on-site parking enhances the convenience for residents.

“We’re achieving step by step what the neighborhood wants and what they envisioned for this site."
Zach Woolard, Senior Developer, The Model Group

These projects, along with others planned for the E McMillan corridor, underscore Model Group’s commitment to breathing new life into Walnut Hills, creating a thriving, sustainable neighborhood where the past and future coexist. Together, these efforts are transforming Walnut Hills into a vibrant community that fosters growth, opportunity, and pride for generations to come.

Description

Multi-Phased

Buildings: 15

Investment: $105.3M

Residential Units: 261 apartments

40,000+ SF Commercial

Includes Paramount Square, Cincinnati Scholar House, Trevarran Flats Paramount Launch, Alexandra Apartments, Paramount Works

Location

Cincinnati, OH

Partners

Walnut Hills Redevelopment Foundation

City of Cincinnati

The Port

Cincinnati Union Bethel

Preservation of Affordable Housing

Cincinnati Development Fund

Ohio Capital Corporation for Housing

Funding Sources

New Market Tax Credits

Federal & State Historic Tax Credits

9% Low Income Housing Tax Credits

City HOME Funds

Federal Home Loan Bank

Play video
featured
featured
featured
Download as PDF

Positvely transforming communities

Be a catalyst for unique, vibrant places.

Our team would love to talk to you about your vision, your project, or your questions.
Let's Connect