One and two bedroom apartments will be available for occupancy as of April 1, 2012 at The Historic Mercantile Lofts. Construction of the Phase 2 areas of the project are nearing completion and apartments are available to view by contacted Cindy Dingeldein via the web site at www.hamiltonmercatilelofts.com Please view our updated photo gallery for pictures of these outstanding and unique units. Come and see what urban living is all about in downtown Hamilton. See you at The Merc!
Check out our Commercial on our Gallery Page which was produced by TV Hamilton during our Phase 1 roll out. A new video segment is in production to highlight Phase 2 and the entire completed project and we will post it when it is available. Thanks to TV Hamilton for all your support of The Mercantile Lofts!
Best Mixed Use Rehabilitation – Heritage Ohio Awards
The $7.4 million rehabilitation of the historic Davis-McCrory Building is part 1, of 3 buildings included in a High Street Mercantile Commercial Block in Hamilton. After suffering the same decline as many downtowns, the 1870’s buildings sat vacant for years. With the owner threatening demolition, the City of Hamilton took the bold step of purchasing the buildings in 2003 to ensure their preservation and reuse. After a failed attempt at redevelopment, the City engaged Steve Coon and Historic Developers to pursue the project.
With a nationwide recession and an unproven local market, bank financing was unavailable. With a strong belief in the project and a determined to demonstrate its value and viability, Historic Developers assumed substantial risk to proceed with the first phase of the project without financing. Federal and state historic tax credits were used.
HAMILTON — The city’s vision of a liveable downtown with unique architecture is coming alive with the Historic Mercantile Lofts.
Five of nine units in the project’s first phase have been filled and Cindy Dingeldein, community development liaison, said a one-bedroom, two-bedroom, and live-work spaces remain available.
“It makes us feel really enthusiastic,” Dingeldein said. “There are several people interested in phase two units which will have a wider variety of units.”
A number of tours have been held at the historic lofts to spur interest, including tours by IceFest attendees and the Greater Hamilton Chamber of Commerce, and most recently the Hamilton Underground Buzz group hosted a social at the lofts.
Restoration of the buildings by Stephen Coon of Coon Restoration & Sealants received the award for Best Mixed-Use Rehabilitation from Heritage Ohio in April.