Deaconess Hospital Campus Sold to Student Housing Developer
Following many months of discussions, negotiations and due diligence, the sale of the Deaconess Hospital building and surrounding properties has been finalized. Trinitas Ventures, an Indiana-based developer of student housing for college campuses, has assumed ownership of the property.
The first phase of the project will consist of a 350+ unit structure on the north side of Straight Street, scheduled for completion in August, 2019. Future phases are expected to include a hotel, retail shops, restaurants, and offices.
One of Deaconess’ primary goals was to ensure that the real estate would continue to serve as a valuable asset to the community. Quality housing for University of Cincinnati students and future commercial accommodations will satisfy that intent.