Birmingham, Alabama-based Arlington Properties Inc. started construction in July on Tapestry Turfway Park, an apartment community on more than 20 acres in Florence just east of the Turfway Park horse racing track.
William Morris, vice president of development for Arlington Properties, said his company was attracted to the Florence location because of population growth, existing services and amenities and job growth.
“The city of Florence has always been on our radar for development,” Morris told me in an email.
Tapestry Turfway Park, located at 4787 Houston Road, will provide “the missing residential link to the Houston Donaldson entertainment district,” Morris said. It is expected to be a unique apartment community that provides a suburban amenitized setting in the middle of a high-growth area. Morris declined to provide the total investment for Tapestry Turfway Park.
“The amenities inside and outside of the buildings, the high-end apartment finishes, and the connectivity to the surrounding amenities are unmatched in the Florence area,” Morris said.
Arlington Properties is serving as the developer and Arlington Construction Services is the contractor on the project. Forum Architecture is the architect, with Viox & Viox serving as the civil engineer. Heritage Bank is providing financing on the development.
Of the 320 apartments, about 28% will be one-bedroom units, 58% will be two-bedroom units and 14% will be three-bedroom. The average apartment will be more than 1,000 square feet. Monthly rent for Tapestry Turfway Park is expected to range from $1,000 to $1,750.
Tapestry Turfway Park’s amenities will include 18 garages, a sports pub and billiards room, package concierge, a fitness studio, yoga and spin room, an expansive pool deck, outdoor cabanas and fire pit, a large lawn, and a “WeWork” workspace. There will be a total of 587 parking spaces in the development.
In the apartments, residents will find contemporary open floor plans and upgraded appliances.
Tapestry Turfway Park is Arlington Properties’ largest development in Northern Kentucky to date. The real estate development, construction and property management company completed the 263-unit Tapestry on the River in Dayton at the end of 2019. In November 2020, Arlington Properties started construction on Tapestry Ridge in Covington, a 267-unit luxury apartment community on Northern Kentucky University’s former Covington campus. The first units at Tapestry Ridge are expected to be delivered in the first quarter of 2022.
Source: Cincinnati Business Journal
