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.
Northmarq Arranges $48 Million Construction Loan for Acendion’s 273‑Unit Cityview Station in Ludlow; Groundbreaking Held
A $48 million construction loan has been arranged for a new 273‑unit apartment community called Cityview Station in Ludlow, Kentucky, and construction work has started. The financing was secured by Northmarq’s Cincinnati Debt + Equity team on behalf of Acendion Collective and was put together in partnership with First Financial Bank and Associated Bank. The site sits within the Cincinnati metro area and is intended to add market‑rate rental housing close to downtown Cincinnati and the riverfront.
What the loan and teams include
The financing transaction was led by Northmarq’s Cincinnati Debt + Equity team, including Noah Juran and Brendan Barker, with collaboration from Annamarie Bjorklund and Bobby Schiavone. The lenders involved provided the construction financing through an ongoing collaborative relationship with Northmarq. Northmarq noted that closing the financing represents a milestone for the developer as it expands its multifamily platform.
Where the project sits and timeline
Cityview Station occupies a nine‑acre site at the northern edge of a larger, 64‑acre master‑planned community by Fischer Homes. The location is about four miles from downtown Cincinnati and offers direct access to Interstate 75 and Highway Avenue, placing residents within minutes of Covington, Newport, Over‑the‑Rhine, Fountain Square and the Cincinnati Riverfront. Construction was reported to have begun in September 2025, and building deliveries are slated for the second quarter of 2027. Leasing is expected to start roughly four to six months before the first units are delivered.
Design, units and amenities
The development will include a mix of one‑, two‑ and three‑bedroom units across three‑, four‑ and five‑story buildings designed to capture views of downtown Cincinnati and the Ohio River. Units will feature balconies, river and city views, and high‑end, condo‑style finishes. Amenities planned for the community include a top‑floor city‑view community space, resort‑style pool, expansive exterior courtyard, co‑working lounge and library, state‑of‑the‑art fitness center, dog park, private garages, individual storage units, a pet washing station and roughly 400 on‑site parking spaces. The design aims to blend suburban calm with urban convenience and elevate everyday living for residents.
Developer and partners
Acendion Collective, which is part of The Fischer Group, led the project and hosted a ceremonial groundbreaking attended by city officials and community partners. The event included project renderings and a symbolic first dig. Leadership for the master‑planning group emphasized that the community is intended to add long‑term value to Ludlow and support neighborhood vitality. Northmarq described the financial closing as the result of a partnership between Acendion, the two banks and its own team.
Nearby multifamily activity and local context
The broader Cincinnati market continues to see new multifamily supply. A separate apartment development in the Cincinnati suburbs is set to add 306 units, with a mix of garden‑style apartments and townhomes and a similar set of resident amenities. Market observers point to demand for modern apartments because a large share of the area’s existing multifamily stock was built decades ago.
Local safety incident
In a separate incident in the region, firefighters rescued two children from a smoke‑filled apartment after a fire that started near a furnace vent. Both children were taken to a children’s hospital with minor injuries. Fire crews contained the blaze to the room of origin, estimated damages at about $27,500, and reported that smoke detectors were working in the unit. At least 47 firefighters responded and multiple residents were displaced.
What to expect next
With construction under way and deliveries targeted for spring 2027, leasing for the new units is expected to begin several months earlier. The development will move forward with construction oversight, onsite staging and continued coordination among the developer, lenders and construction partners.
FAQ
Q: How much financing was arranged for Cityview Station?
A: The construction financing totaled $48 million, arranged by Northmarq’s Cincinnati Debt + Equity team with First Financial Bank and Associated Bank.
Q: How many units will Cityview Station include?
A: The project will include 273 units, with a mix of one‑, two‑ and three‑bedroom homes.
Q: When did construction start and when will residents be able to move in?
A: Construction was reported to have started in September 2025. Building deliveries are scheduled for the second quarter of 2027, with leasing to begin about four to six months earlier.
Q: What amenities will the development offer?
A: Planned amenities include a resort‑style pool, top‑floor city‑view community space, co‑working lounge and library, large fitness center, dog park, private garages, individual storage units, a pet washing station and roughly 400 on‑site parking spaces.
Q: Who is developing Cityview Station?
A: The development is led by Acendion Collective, part of The Fischer Group, in coordination with Northmarq and lending partners.
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Key Project Features
| Feature | Detail |
|---|---|
| Project name | Cityview Station |
| Developer | Acendion Collective (part of The Fischer Group) |
| Units | 273 units (1, 2 and 3 bedroom mix) |
| Site size | 9 acres within a 64‑acre master plan by Fischer Homes |
| Financing | $48 million, arranged by Northmarq; lenders: First Financial Bank and Associated Bank |
| Construction start | Reported start in September 2025; ceremonial groundbreaking held |
| Delivery target | Second quarter, 2027 |
| Parking | Approximately 400 on‑site parking spaces |
| Notable amenities | Resort‑style pool, top‑floor community space, co‑working lounge, fitness center, dog park, private garages, storage units, pet wash |
| Location advantages | About 4 miles from downtown Cincinnati; direct access to I‑75 and Highway Avenue; minutes from core neighborhoods and riverfront |
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 NY News
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