Best and Lothes will be a 6-bedroom co-living apartment building opening in the spring of 2018. The name of the house comes from a former mineral water store that was in the building.
ADDRESS – OTR | 205 W. McMicken Ave., 45206
SCOPE – 6 studio apartments and first-floor common space as Kunsthous
DEVELOPER – Kunst Development
TOTAL PROJECT COST – $450,000
ESTIMATED AFTER-REHAB VALUE – $440,000
FUNDING – $100,000 raised from private investors. $352,000 loan from Center Bank
EXPECTED ANNUAL RETURN ON CASH – 12%
This project is fully-funded.