Private real estate lender Trez Capital last month announced that it closed a $37.3 million construction loan for a project in the Cincinnati suburb of Springdale. Trinity Square Holdings is using the money to redevelop two office buildings.
Not to create Class A offices during a pandemic. Instead, the project is creating multifamily housing comprising 129 apartments and 97 townhouses.
Will office come back? Maybe. Eventually. Partially. Depending on whom you ask.
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