- Cornelius Frolik Staff Writer
The new Delco Lofts apartments are filling up at a fast clip, with more than 90 of the 133 units already leased.
The apartments in the six-story building next to Fifth Third Field opened around the first weekend in August, and about 70 tenants have already moved into their units.
The new loft apartments are part of the Water Street District, which already had 215 rental units along the banks of the Mad River and is adding 54 more.
The district’s residential vacancy rate was below 2 percent, and the Delco lofts appear to be no less popular.
The Delco Lofts is the latest addition to the Water Street District, which has been one of the shining developments of downtown.
The district has a fully occupied office building at the corner of Monument Street and Patterson Boulevard, with tenants including PNC Bank, Snap Fitness and Basil’s on Market restaurant.
The district created the largest number of new apartments downtown in many years, and construction is underway on three new residential buildings, just east of the current cluster of apartments along the river.
The new apartments are expected to open later this year, early next year.
The Delco Lofts offer large, floor-to-ceiling windows, polished concrete floors, quartz counter tops and good views of the downtown area and the ballpark.
They range in price from $824 for a studio with 548 square fee to $2,098 for a two-bedroom unit with 1,665 square feet.
The Water Street District also will diversify its mix of offerings with a Marriott Fairfield Inn and Suites hotel that is being built at Monument and Patterson.