U.S. Bank closes on 16.7 million Rookwood construction loan - Cincinnati News, Weather, Sports from FOX19 NOW-WXIX

U.S. Bank closes on 16.7 million construction loan

CINCINNATI, OH (FOX19) -

U.S. Bank closed on a $16.7 million loan for Jeffrey R. Anderson Real Estate, Inc. to develop Rookwood Exchange Apartments, a five-story, 127-unit luxury apartment complex as part of Anderson's Rookwood Exchange mixed-use development.

"The Rookwood Exchange meets the demand for both high-end office and retail in the market, and U.S. Bank is happy to be a part of the development as a financing partner," said John Hart, Cincinnati market manager for U.S. Bank Commercial Real Estate.

Construction on the project will begin immediately with completion expected by early 2015.

The development is located in central Cincinnati at the intersection of Interstate 71 and Smith Road, adjacent to one of Cincinnati's premier shopping destinations, Rookwood Commons, Pavilion & Exchange.

U.S. Bank's relationship with Jeffrey R. Anderson dates back more than 20 years and includes the bank's commitment of more than $60 million in construction financing to support the development of the retail, commercial office space and hospitality components of Rookwood Exchange.

"U.S. Bank has been integral in funding our various phases of development as Rookwood Exchange has become the premier high-end, mixed-use development in Cincinnati," said Jeff Anderson, chief executive of Jeffrey R. Anderson Real Estate.

Copyright 2013 WXIX. All rights reserved.

  • FOX19 HeadlinesMore>>

  • US arrests, accuses woman of acting as Russian agent

    US arrests, accuses woman of acting as Russian agent

    Monday, July 16 2018 4:09 PM EDT2018-07-16 20:09:37 GMT
    Tuesday, July 17 2018 7:58 AM EDT2018-07-17 11:58:06 GMT
    (AP Photo/Markus Schreiber). U.S. President Donald Trump, left, listens to Russian President Vladimir Putin during a press conference after their meeting at the Presidential Palace in Helsinki, Finland, Monday, July 16, 2018.(AP Photo/Markus Schreiber). U.S. President Donald Trump, left, listens to Russian President Vladimir Putin during a press conference after their meeting at the Presidential Palace in Helsinki, Finland, Monday, July 16, 2018.

    Federal authorities have arrested a Russian woman accused of conspiring to infiltrate American political organizations at the direction of a senior Kremlin official.

    Full Story >

    Federal authorities have arrested a Russian woman accused of conspiring to infiltrate American political organizations at the direction of a senior Kremlin official.

    Full Story >
  • Trump returns from summit with Putin to forceful criticism

    Trump returns from summit with Putin to forceful criticism

    Tuesday, July 17 2018 12:20 AM EDT2018-07-17 04:20:06 GMT
    Tuesday, July 17 2018 7:57 AM EDT2018-07-17 11:57:57 GMT
    (AP Photo/Pablo Martinez Monsivais). U.S. President Donald Trump speaks with Russian President Vladimir Putin during a press conference after their meeting at the Presidential Palace in Helsinki, Finland, Monday, July 16, 2018.(AP Photo/Pablo Martinez Monsivais). U.S. President Donald Trump speaks with Russian President Vladimir Putin during a press conference after their meeting at the Presidential Palace in Helsinki, Finland, Monday, July 16, 2018.

    Standing alongside Putin, Trump steered clear of any confrontation with the Russian, going so far as to question American intelligence and last week's federal indictments that accused 12 Russians of hacking into Democratic email accounts to hurt Hillary Clinton in 2016.

    Full Story >

    Standing alongside Putin, Trump steered clear of any confrontation with the Russian, going so far as to question American intelligence and last week's federal indictments that accused 12 Russians of hacking into Democratic email accounts to hurt Hillary Clinton in 2016.

    Full Story >
  • Hawaii volcano boat tours continue after lava injuries

    Hawaii volcano boat tours continue after lava injuries

    Tuesday, July 17 2018 2:41 AM EDT2018-07-17 06:41:55 GMT
    Tuesday, July 17 2018 7:57 AM EDT2018-07-17 11:57:41 GMT
    (Hawaii Department of Land and Natural Resources via AP). This photo provided by the Hawaii Department of Land and Natural Resources shows damage to the roof of a tour boat after an explosion sent lava flying through the roof off the Big Island of Hawa...(Hawaii Department of Land and Natural Resources via AP). This photo provided by the Hawaii Department of Land and Natural Resources shows damage to the roof of a tour boat after an explosion sent lava flying through the roof off the Big Island of Hawa...
    Hawaii tour boat operators plan to continue taking visitors to see lava, but will follow the Coast Guard's revised policy and stay farther away after an explosion caused molten rock to barrel through the roof of a...Full Story >
    Hawaii tour boat operators plan to continue taking visitors to see lava, but will follow the Coast Guard's revised policy and stay farther away after an explosion caused molten rock to barrel through the roof of a vessel, injuring 23 people.Full Story >
Powered by Frankly