Development on University Place Townhomes, the only for-sale residential area in Uptown, recently broke ground. Two of the 19 units have already been sold, and vertical construction is expected to begin in the spring.
As expected by the partners of the project, the market for buyers includes young professionals, people already working in University Circle and those who want an urban environment but smaller housing accommodations. The size of the units ranges from 1,100 square feet to 2,100 square feet, with prices between $250,000 and $450,000. These prices are the norm for University Circle prime locations.
The townhomes will be located on E. 118th street, which was one of the few pieces of undeveloped land in University Circle until now.