Fort Mitchell-based homebuilder Drees Homes has issued a progress report on its $7 million development at the Covington Central Riverfront site.
Currently, Drees Homes has finished framing on some townhomes facing 4th Street. Upon completion, the development will feature 16 townhomes, arranged in four clusters of four. Each townhome will face Fourth Street — just east of Russell Street.
The townhomes will include a mix of two- and three-story layouts, each with three bedrooms, with the option to incorporate two larger suites. Each home will feature a rear-access two-car garage and elevated outdoor living areas.
“We’re thrilled to see the Covington Riverfront Townhomes taking shape. This project represents more than new construction—it’s a shared vision with the City of Covington to create attractive, urban housing opportunities in one of the region’s most vibrant settings,” Drees Homes Townhomes Division President Scott Drees said in a news release. “Together, we’re bringing modern design and convenience to a location that offers unmatched walkability and connectivity. It’s exciting to deliver homes that combine style, comfort and the energy of downtown living for future homeowners.”
Covington townhomes will be available for purchase starting January 31, with prices beginning in the mid-$600,000 range, with flexible financing options.
Drees Homes stated that the project aligns with its expansion plans as the company approaches its 100th anniversary in 2028.