COVINGTON, KY – Another historic structure will be rehabilitated at a key location in Covington.
The Bradford Building, located at the corner of Fourth Street and Scott Boulevard, will be transformed from an empty, neglected dilapidated structure into living and commercial space.
On Tuesday evening, the Board of Commissioners authorized an economic development incentive agreement with the Catalytic Development Funding Corp. of Northern Kentucky and the Orleans Development Company to redevelop the Bradford Building on Scott Boulevard, creating additional housing opportunities within Covington.
The economic development incentives featured within the agreement include funding for a shell façade improvement grant and a commitment from the City to construct infrastructure improvements to further enhance the block.
The Bradford Building redevelopment will be an adaptive reuse of a 14,800 square foot, three-story historic building into five condominium units and five street-level commercial spaces.
Catalytic Development Funding Corp. of Northern Kentucky President/Chief Executive Officer Jeanne Schroer stated, “The Bradford Building is one of Covington’s most historic assets and represents the opportunity to convert a vacant building into a quality asset that generates tax revenues for the City and increased spending to support Covington businesses.
“We appreciate the City’s support of this project and Commission’s continued commitment to economic development.”
Located at 326-336 Scott Boulevard, the building sat vacant for years as its condition continued to deteriorate due to neglect and water damage. The building is named for Bradford Shinkle, son of Amos Shinkle. Bradford died in 1909. In 2016, the Catalytic Development Funding Corp. of Northern Kentucky purchased the property in order to renovate and repair the historic structure.
The project aims to deliver a unique urban lifestyle that provides secure lobby and elevator access, roof terraces and premier art and design elements.
Interim City Manager Loren Wolff stated, “We’re excited for the opportunity to repurpose this historic building and to provide additional urban living options for our growing community.
“It’s yet another fantastic example of the momentum and development activity happening in Covington.”
The City has partnered with the Catalytic Development Funding Corp. of Northern Kentucky and the Orleans Development Company on several other projects in the past, including the Boone Block Lofts, the Pike Star Project and the Market Lofts.
The City offers business incentive opportunities to assist in filling commercial vacancies, improving property facades, and converting vacant upper-floor space into residential units.
To learn more about the City’s business incentives, click here.