Ovation, a $1 billion real estate development in Newport, has reached a new sales milestone.
Covington-based real estate developer Corporex, the firm behind Ovation, recently announced in a press release that 80% of the available housing inventory has sold in two of the three condominiums that make up The Boardwalk Residences.
Sales for the third condominium were released in September, with 13% of its available inventory already sold, according to the press release.
The Boardwalk Residences consists of 88 residences distributed throughout three four-story condominiums. The first level of the buildings includes spaces for retail, restaurant and entertainment businesses.
“The demand in sales and flurry of activity that we’ve seen surrounding The Boardwalk Residences at Ovation showcases how enthusiastic buyers are about the location, the connection to everything the city has to offer, unmatched views of the Cincinnati skyline and so much more,” said Corporex Residential Sales Director Amy Kennedy in the press release.
Kennedy said Corporex is experiencing an influx of buyers from several states nationwide, including Kentucky, Ohio, Florida, California, Illinois, Indiana, Nevada, North Carolina, and Tennessee. Nearly 75% of the spaces were sold to buyers from Kentucky and Ohio.
For prospective buyers, there are 12 available floor plans ranging from 1,800 to 3,600 square feet. Ovation homeowners will have access to amenities such as balconies overlooking downtown Cincinnati, private elevator access and parking garage access.
The listed purchase price for the condos is $975,000. All condos feature two bedrooms, two full bathrooms and two balconies. The first homeowners will be able to move in starting in June 2024.
On the construction side, two of the three condominiums now have visible exteriors with glass sliding doors installed on each unit facing the Ohio River. Construction on the third condominium is expected to begin in 2024.
