PRICE HILL, OH (FOX19) - A landmark building in East Price Hill is getting a makeover.
The Elberon, located in the 3400 block of W. Eighth Street, is undergoing a $7.4 million renovation.
The building was acquired by The Model Group and Price Hill Will late last year. The plan is to develop it into 37 one and two bedroom units for seniors 55 and older. There will be 31 one-bedroom units and six two-bedroom units, ranging from 600 to 1,020 square feet and additional kitchenette and community spaces for social gatherings, common laundry area, central elevator and a variety of sitting areas and green spaces.
The project is being funded by the city's HOME funds and Federal Neighborhood Stabilization Program II dollars and is expected to be completed by spring of 2012.
"It will have an incredibly positive impact on all of Price Hill," said Ken Smith, executive director of the comprehensive community development cooperation. "The rebirth of this highly visible structure will send a strong message that the Hill is alive and thrives."
Two vacant homes will be demolished to create additional parking and green space. Two other major projects are also underway near the Elberon - the Incline Square project (formerly known as Queen's Tower) and the Incline Business District development plan along Price Avenue.
A construction kick off is being held Wednesday morning at 10:30 a.m.