The development team behind a long-debated overhaul of Hyde Park Square has quietly widened its reach, snapping up the mixed-use building at 2727 Erie Avenue from Grandin Properties. The 8,000-square-foot property, which stacks apartments over ground-floor commercial space, was announced as sold on Feb. 22. The price was kept under wraps. The buy gives the group another key piece on the south side of the square, right next to the block where a larger redo has been on the drawing board.
According to Local 12, PLK Communities, The Loring Group and NorthPointe Group acquired 2727 Erie Ave from Grandin Properties in a deal the developers outlined in a news release. Local 12, which credited the Cincinnati Business Courier for the original reporting, also noted that the sale price was not disclosed.
How This Parcel Fits Into the Bigger Plan
The new purchase sits next to a roughly 1.78-acre site at 2719 Erie Ave, where the same team has been pursuing a roughly $150 million mixed-use project that would add a boutique hotel, about 120 apartments, retail space and an underground parking garage, according to city planning files. Those city documents make it clear that rezoning, design review and coordinated site review are still needed before any shovels hit the ground.
Neighborhood Opposition and Political Fallout
The proposal has already sparked sustained neighborhood opposition and a petition drive that organizers say pulled in more than 18,000 signatures to force the rezoning question onto a public ballot, WVXU reported. Under that pressure, City Council later voted to repeal the earlier zoning change, FOX19 reported, effectively sending the project back to the negotiating table.
What Neighbors and Developers Are Saying
The grassroots group Save Hyde Park Square has pushed for any redevelopment to stick to existing zoning rules and to protect the square’s scale and character. The developer team, for its part, says it is still committed to investing in Hyde Park and has signaled a willingness to tweak plans and keep talking with neighbors, according to a post on PLK Communities' site.
What Comes Next
Control of 2727 Erie gives the developers one more piece of the puzzle, but the city’s planning materials make it plain that any major construction still depends on new filings, design sign-offs and public vetting. Developers said in their release, as noted by Local 12, that they plan to keep engaging with neighbors while proposals are refined, which leaves the timeline for any cranes on the skyline an open question for now.
