Skip to main content

City will conribute to downtown apartments

An Ohio-based company will receive some financial help from the city to construct 59 apartments for Senior adults in downtown Huntington.

The apartments will be located in an existing building at 41 E. Park Drive, currently occupied by Coach's Connection, and in a newly-constructed building in a vacant lot across Warren Street that was formerly the site of the Huntington YMCA.

Park Lofts of Huntington, LLC, will be awarded a $175,000 grant from the city's CEDIT (County Economic Development Income Tax) funds, according to a proposal approved Tuesday, March 12, by the Huntington Common Council.

The grant was included in a five-year plan for CEDIT expenditures presented to the council by Mayor Brooks Fetters. The city must have a regularly-updated spending plan on file in order to continue receiving the funds.

Park Lofts of Huntington is a part of Miller-Valentine Group, based in Cincinnati, OH. The company's plans call for construction to begin this summer, with the existing building - originally the home of Our Sunday Visitor - rehabilitated to include 33 one and two-bedroom apartments. The newly constructed building will hold 26 apartments. Both three-story buildings will face Warren Street, and both will be open to adults 55 and older. Parking will be located in the former YMCA lot.

Park Lofts is a for-profit company, Fetters noted, and the $11.5 million project will provide tax revenue to the city.

The city has committed a total of $500,000 to the project, Fetters said, including the $175,000 CEDIT grant, a $150,000 grant from the Huntington Redevelopment Commission and a 10-year tax abatement work $175,000.

The five-year CEDIT spending plan also allocates $700,000 for sanitary and storm sewer improvements; $400,000 for HCUED funding; $100,000 for regional workforce training; $575,000 for downtown revitalization; $50,000 for property remediation; $250,000 for ADA compliance; $750,000 for parks, trails and greenways; $100,000 for annexation; $1,465,000 for industrial economic development projects; and $200,000 for miscellaneous projects.