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Covington, KY: The Ascent at Roebling's Bridge

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Did anyone apply on Corporex's web site for the Reserve Buyer's Program? It closes June 30.

 

What it means:

 

** Chance to purchase before the first public offering.

** A chance to provide input on bylaws and interior options.

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More on the project and the October 25th groundbreaking date from the 7/3/05 NKY Sunday Challenger:

 

 

Ascent to Rise This Fall

Buyer Meetings Precede October Groundbreaking

By Larry Nager

The Sunday Challenger

lnager@challengernky.com

 

COVINGTON - Since last October, when The Sunday Challenger wrote the first story of what has since become the most talked-about building project on either side of the Ohio River, plans for the condominium project, designed by perhaps the premier architect of our time, Daniel Libeskind, have been moving toward an October groundbreaking.

 

The building now has a name, "The Ascent at Roebling's Bridge," a waiting list of prospective buyers and a new groundbreaking date, Oct. 25.

 

Located at East RiverCenter Boulevard and Scott Street at the foot of the Roebling Suspension Bridge, the 21-story Ascent will reinvent the Covington skyline with its curving shape and dramatically swooping roof.  The innovative building, with a preliminary construction budget of $40 million, has caused such an impact in the media that even the publicity-insatiable Donald Trump grabbed a few headlines criticizing its lack of classical Trumpian gaudiness.

 

Full article at http://www.challengernky.com/articles/2005/07/03/around_nky/doc42c5864059226405901282.txt

 

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Condo project prepared

Covington tower to move from paper to reality with October groundbreaking

By Mike Rutledge

Enquirer staff writer

 

COVINGTON - The 21-story Ascent at Roebling's Bridge condominium tower has gone from blueprints to a blue line on the Covington parking lot where construction crews are to break ground on the crescent-shaped building in late October.  "Preconstruction has started," said Debbie Vicchiarelli, chief marketing officer for Corporex Cos., developer of the Daniel Libeskind-designed tower.

 

It will house 64 condos priced from $395,000 to around $1.5 million, plus eight penthouses, some costing more than $1.5 million.  Crews recently painted the blue line on the lot, southeast of East RiverCenter and Scott boulevards, to mark the location where the building will sit, she said.  "That's the literal outline of the building," Vicchiarelli said. "The actual outline of the building is there so we can start taking core samples (of soil and rock beneath the site).

 

Full article at http://news.enquirer.com/apps/pbcs.dll/article?AID=/20050720/NEWS0103/507200368/1059/NEWS01

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I love the outline painting!  That's just great - especially when you see it painted over a parking lot!  Oh, for the day when we see this over one of the most eggregious parking lots in the state:

 

46480092.jpg

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Anything northern Kentucky does that is positive effects downtown Cincinnati in a positive way! Just look at The Banks and Newport on the Levee. We are in a competition in sort of a way, something to gauge our success by.

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I am on the Reserved Buyers list for the Ascent and received a letter over the weekend.  Apparently they are having Libeskind in town for an 8/25 ribbon cutting ceremony of their "Experience Center" where prospective buyers will be able to review floor plans, views from each unit, fixtures, upgrades, etc.  All on the list will have personlized apptmts with their lead sales lady scheduled in the near future.

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From the 8/17/05 Kentucky Post:

 

Buyers signing up for Covington condos

 

The Ascent at Roebling's Bridge was featured on MSNBC news recently, but it's not like the planned 72-unit condo high-rise needed the attention.  Already developer Corporex Cos. has more potential buyers than the building will have units, said Debbie Vicchiarelli, senior vice president and chief marketing officer for the company. 

 

The buyers are attracted partly by the unique design of internationally acclaimed architect Daniel Libeskind, partly by its view of the Ohio River and Cincinnati skyline and partly by the attractions of urban living, Vicchiarelli said.  "The demand has been tremendous,'' she said. "This project is really like a gestalt. One plus one equals three ... the whole is greater than the sum of its parts.''  Units will go for $394,900 to $1.5 million, with penthouses costing more than that.

 

Full article at http://news.cincypost.com/apps/pbcs.dll/article?AID=/20050817/NEWS02/508170379/1011/RSS02

 


The riverfront

 

One of the Covington riverfront's earliest redevelopment successes was the Riverside Terrace condo complex east of the Roebling Suspension Bridge, built by developer David Herriman in 1984.  The project unleashed a wave of development that has completely transformed the area.  Among the numerous new buildings:

 

- The first RiverCenter office tower opened in 1990. The second opened in 1998.

- The 228-room Embassy Suites hotel opened in 1990 next to RiverCenter I.

- The Gateway Center, a nine-story office building for employees of the Internal Revenue Service, opened in 1994 on Scott Street between Third and Fourth streets

- The Northern Kentucky Convention Center on Madison Avenue hosted its first convention in November 1998.

- Construction of the Madison Place office and condominium project started in 1999.

- The 86-unit Roebling Row apartment complex built by Towne Properties welcomed its first tenants in 2001 near the foot of Greenup Street.

- The $20 million Kenton County courthouse and garage open in 1999 at Third and Madison.

- The 326-room Marriott Hotel opened in 1999.

 

Full article at http://news.kypost.com/apps/pbcs.dll/article?AID=/20050817/NEWS02/508170378

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Rem Koolhaas is currently designing a multipurpose art facility for the Louisville Riverfront.  It will include condominiums, offices, and a farmer's market.

 

One of his employees at OMA admitted that essentially they try to create the wildest designs possible.  They shape foamboard into jagged shapes and then Koolhaas takes those designs and applies pretentious language to justify the structure.  We shall see what he proposes for Louisville.

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From the Enquirer:

 

Luxury Covington condos to include marina

By Marla Matzer Rose

Enquirer staff writer

 

COVINGTON – The Ascent at Roebling’s Bridge, the 22-story condo project being built here by Corporex, will include a marina, Corporex chairman Bill Butler said today.  The city of Covington plans to remove the Covington Landing barge that formerly housed TGI Friday’s restaurant from the site to make room for the marina.

 

Covington closed the landing on July 9, about two weeks after a major leak sprang in the hull, forcing the city to hire contractors to keep the complex above water.  Jon J. Fleshman, spokesman for the U.S. Army Corps of Engineers’ Louisville district, confirmed today that there are plans by BB Riverboats owner Alan Bernstein to build a marina on the site.  However, he stressed that there has been no application made for a permit for the project, and no permit has yet been granted.

 

With superstar architect Daniel Libeskind in attendance, Covington-based developer Corporex unveiled what it calls an “experience center” for the $40 million-plus project this morning.  The sales office, located in Corporex’s 100 E. RiverCenter Blvd.  Headquarters, has an eye-popping view of the river as the backdrop for displays of floor plans and design elements that well-heeled buyers can choose from.

 

Full article at http://news.enquirer.com/apps/pbcs.dll/article?AID=/20050825/BIZ01/308250016

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Let's build two! I can't wait to see this built. I hope they open it up for tours. From the Cincy Post.

 

<b>Condo buyers line up</b>

Luxury high-rise in Covington offers views of the river and city

By Bob Driehaus, Post staff reporter

 

More than twice as many people have made initial commitments to buy condos in architect Daniel Libeskind's Ascent at Roebling Row high-rise than there are units - two months before groundbreaking.  The interest in condos that start at $400,000 and climb to the $4.5 million Pinnacle penthouse, has been intense and is poised to grow further after Thursday's unveiling of a sales center on the 10th floor of RiverCenter, the future condo building's neighbor to the west.

 

Bill Butler, president and chairman of Corporex Cos., said about 200 potential buyers each completed a three-page form to reserve a condo despite the fact that units won't be available at least until August 2007, which would be just in time to witness the Riverfest fireworks.

 

Publication date: 08-26-2005

 

To read more: http://news.cincypost.com/apps/pbcs.dll/article?AID=/20050826/NEWS01/508260326

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Covington marina idea beginning to gain favor

By Mike Rutledge

Enquirer staff writer

 

COVINGTON - A marina just west of the Roebling Suspension Bridge could add a pretty site and some excitement to Covington's riverfront, supporters believe.  Corporex Cos. president and CEO Bill Butler mentioned the possibility this week, in connection with his proposed 22-story luxury condominium tower, the Ascent at Roebling's Bridge.

 

"We thought it might be nice to have a little pretty place right there as you come across the bridge," said Mayor Butch Callery. "And we were thinking people in the Ascent might have boats. And they could put their boats there."  "I think it's an excellent idea," said Garrard Street resident and former boat owner Adrian Kessler, 77, as he walked his dog near the riverfront. "If you can spend $1.5 million for a condo, you can spend $500,000 for a boat."

 

Full article at http://news.enquirer.com/apps/pbcs.dll/article?AID=/20050827/BIZ01/508270335/1076/biz

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Covington OKs Ascent bonds

By Mike Rutledge

Enquirer staff writer

 

COVINGTON - City Commissioner Jerry Stricker abstained while his colleagues approved two agreements that lay groundwork for financing of Corporex Cos.' proposed 22-story condominium tower designed by Daniel Libeskind.  Stricker, who lives in a nearby riverfront condominium, said he abstained from the two 4-0 votes because he might buy an Ascent unit himself.

 

As a way to make the project more financially feasible, up to $70 million in industrial building revenue bonds will be sold to finance the complex and its private garage.  Such bonds require the property be owned by the city, which is not required to pay property taxes.  The city then would lease the project back to the developer.

 

Full article at http://news.enquirer.com/apps/pbcs.dll/article?AID=/20050827/BIZ01/508270334/1002/biz

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Sales strong for Ascent condos

Design itself is enough for 17 high-end buyers

By Marla Matzer Rose

Enquirer staff writer

 

Construction is to start next month on Daniel Libeskind's swirling Ascent at Roebling's Bridge.  Already, 17 buyers have signed up for units with a 10 percent down payment.  High-profile architecture apparently has joined "location, location, location" as an important factor influencing home-buying decisions in the region.  Covington-based Corporex said Friday that it has firm contracts, including deposits for 10 percent of the purchase price, from 17 buyers for the Daniel Libeskind-designed Ascent at Roebling's Bridge condominiums.  That represents about 24 percent of the total units that will be available in the glass-walled, 22-story tower in Covington.

 

Local Realtors said the level of sales was quite strong given the nontraditional look of the building and the price: $400,000 to $4 million.  The $40 million-plus Ascent represents a second wave of condo projects in downtown Cincinnati and Northern Kentucky.  Following several years of encouraging sales of renovated buildings - formerly used as office and retail space - the Ascent is now joined by a number of new construction condo developments poised to go forward in the next several months.

 

Full article at http://news.enquirer.com/apps/pbcs.dll/article?AID=/20050910/BIZ01/509100324/1002/BIZ

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Buzz big for Covington high-rise

Groundbreaking set for Nov. 16

By Greg Paeth

Post staff reporter

 

Corporex Companies is ready to turn dirt next month on a condominium tower unlike any the tri-state has seen.  "This is going to be something that people will come to Covington just to see," said Mayor Butch Callery of The Ascent at Roebling's Bridge, a 21-story glass high-rise designed by internationally acclaimed architect Daniel Libeskind.  "It will put Covington on the map."

 

Corporex will hold a formal groundbreaking Nov. 16 for the $47 million project, for which 29 of the 72 units have already been sold.  Corporex said Monday it pushed back the original date later this month because a commitment Libeskind has in Israel would have made it difficult for him to return in time for the ceremony.

 

Holding the event later also should give the state extra time to take action on $55 million worth of industrial revenue bonds Covington plans to issue for the project, said Thomas E. Banta, executive vice president for Corporex.  The city, Kenton County and Covington Independent Schools already have signed off on an agreement that will let them receive a payment in lieu of taxes from the developer, according to Covington City Solicitor Frank Warnock.

 

Full article at http://news.cincypost.com/apps/pbcs.dll/article?AID=/20051018/NEWS01/510180340

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Here's some stuff I pulled off of the revamped website.

 

Yet another rendering:

ascentlgvidimage47aq.jpg

 

Rendering of "Pinnacle" suites, floors 20-22:

ascentpinnaclerend2xt.jpg

 

View from 5th floor at night:

ascentview5thfloor7fz.jpg

 

View from 10th floor, daytime:

ascentview10thfloor1hy.jpg

 

View from 15th floor at night:

ascentview15thfloor1vi.jpg

 

View from 20th floor, daytime:

ascentview20thfloor8xv.jpg

 

View from 22nd floor, night:

ascentview22ndfloor8do.jpg

 

LINK:

http://www.yourascent.com/index.asp?page=home  (link to webcam is in the top right corner)

 

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Here is an article on several NKY condo developments.....

 

Building projects flood Ky. riverfront

Hundreds of condos springing up, selling out

By Marla Matzer Rose

Enquirer staff writer

 

The evolution of the Northern Kentucky riverfront soon will strike another high note as construction of one luxury condominium project is poised to begin while several others are on the drawing boards.  So far, demand appears strong for The Ascent at Roebling's Bridge.  The $40 million-plus project sold over 40 percent of its 72 units within the first five weeks that they went on sale in August at prices averaging more than $900,000 - well over $400 per square foot.  The project, from developer Bill Butler's Corporex Corp., has benefited from a flood of interest - largely due to the striking design by architect Daniel Libeskind, known for his work on the World Trade Center site design.

 

Sales also have been brisk at the Ackerman Group's $90 million Harbor Greene and Joshua One's $20 million WatersEdge in Bellevue.  The 24-unit WatersEdge is more than half sold after six months, and Harbor Greene has sold half of its first phase of 36 units.  WatersEdge units are priced from $750,000 to $990,000, while the larger Harbor Greene contains high-end units as well as more moderately priced homes.

 

Full article at http://news.enquirer.com/apps/pbcs.dll/article?AID=/20051023/BIZ01/510230380/1002/BIZ

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