At Factory 52 Apartments, we're thrilled to announce our latest endeavor: the acquisition of the former Multi-Color Corp. facility adjacent to our thriving community. This exciting development, finalized on December 28 and officially announced on January 30, marks a significant step forward in our mission to create vibrant, inclusive spaces where residents can truly thrive.
Situated at 4500 Beech St., the former Multi-Color site spans 9 acres of prime real estate, providing us with an incredible opportunity to expand and enrich the Factory 52 experience. With this strategic acquisition, we're not just adding land—we're cultivating possibilities, nurturing connections, and building upon the solid foundation laid by our existing community.
Our commitment to Norwood's growth and revitalization is unwavering, and the acquisition of the former Multi-Color facility underscores our dedication to that vision. By nearly doubling our footprint in Norwood, we're expanding the reach of Factory 52 Apartments and deepening our impact on the local landscape.
The former Multi-Color facility holds immense potential for transformation, and we're eager to unlock its possibilities. Our vision for the site includes preserving its unique architectural features while introducing modern, thoughtfully designed residential units that seamlessly blend comfort, style, and sustainability.
Collaboration lies at the heart of our approach, and we're excited to work closely with the Ohio Environmental Protection Agency (OEPA) to secure approval for residential use. Through responsible environmental stewardship and innovative urban planning, we're committed to creating a community that not only thrives but also nurtures the natural world around us.
In addition to residential units, our expansion plans encompass the demolition of existing structures to enhance visibility and accessibility. We're exploring the introduction of a new entrance off Robertson Avenue—a development designed to streamline traffic flow and enhance connectivity within the Factory 52 community.
As we embark on this transformative journey, we remain steadfast in our commitment to community engagement, economic vitality, and social impact. The acquisition of the former Multi-Color facility isn't just about bricks and mortar—it's about creating opportunities, fostering connections, and enriching the lives of everyone who calls Factory 52 Apartments home.
In parallel with our acquisition efforts, Factory 52 Apartments is actively pursuing the next phase of our community's evolution. From the introduction of new residential offerings to the enhancement of existing amenities, our goal remains constant: to create a dynamic, inclusive environment where every resident can thrive.
In closing, the acquisition of the former Multi-Color Corp. facility represents a significant milestone in Factory 52 Apartments' journey. As we expand our community and embrace new possibilities, we invite residents, stakeholders, and partners to join us on this exciting adventure. Together, we'll continue to build a community that reflects the vibrant spirit of Norwood—a place where innovation, inclusivity, and opportunity abound. Welcome to the next chapter of Factory 52 Apartments—a community where every day brings new possibilities and endless opportunities to thrive.
Read the Cincinnati Business Courier Article: [CLICK HERE]
Watch the Announcement Video: [CLICK HERE]
Partake in Community Survey: [CLICK HERE]