Milhaus Breaks Ground on New Apartment Complex in Thriving Cincinnati Suburb of Springdale

306-unit Slate Springdale development to meet the growing demand for modern housing

SPRINGDALE, Ohio (April 1, 2025) - National award-winning developer, owner, and operator of Class-A multifamily properties, Milhaus, has partnered with leading residential real estate investment firm Parse Capital, to break ground on Slate, a contemporary apartment complex in Springdale, Ohio, near Cincinnati. The 306-unit development, featuring multifamily apartments and townhomes, will provide much-needed modern housing options in one of America's fastest-growing Midwest metros.

"Slate Springdale marks our second project in Springdale, following the tremendous success of Array in 2023, and reflects our confidence in this thriving Cincinnati suburb," said Spencer Lee, Development Manager at Milhaus. "With Cincinnati ranking nationally as the best place for young professionals nationwide, Slate will meet the growing demand for luxury living options in this dynamic market, catering to the area's expanding workforce and robust business community."

Located at 505 W. Crescentville Road, Slate Springdale will offer 216 garden-style apartments and 90 townhomes across 22 buildings. The pet-friendly development boasts an array of amenities, including a resident lounge, pool with sun deck, coffee bar, fitness center, and bark park. Each unit will feature high-end finishes such as quartz countertops and stainless steel appliances. The project also includes 496 parking spaces, with 316 surface spots and 180 garage spots, ensuring ample parking for residents and guests.

First Financial Bank is providing financing for the project.

“First Financial is eager to support this development to help our neighbors, clients, and communities like Springdale to thrive,” said Jeff Cartwright, senior vice president and regional manager for First Financial.

Slate's strategic location near I-275 and I-75 puts residents a short drive from downtown Cincinnati in the growing Cincinnati/Dayton Metroplex. The site is close to national retailers, including Walmart, Target, Kroger, Lowe's, and Home Depot, and numerous restaurant options. The area connects easily with two international airports, four major interstates, and the national rail system. Residents can enjoy numerous golf courses and parks like Winton Woods and the Trillium Trails Wildflower Preserve. This prime positioning caters to the needs of Cincinnati's growing population of young professionals, providing proximity to major employers, retailers, and restaurants.

The project marks Milhaus' second development in Springdale, following the successful launch of Array in 2023. Array's rapid lease-up demonstrates the strong demand for quality housing in the area.

Cincinnati's recent accolades, including being named #1 best place for young professionals by Forbes and being named one of the top 100 ranked cities to live in the United States by U.S. News & World Report, highlight the region's appeal. With over half of Cincinnati's multifamily units having been built before 1979, Slate Springdale will help meet the growing need for modern housing options.

Slate breaks ground this month. Milhaus expects to complete construction and welcome its first residents in Spring 2026.

About Milhaus

Milhaus is a national award-winning, vertically integrated multifamily developer, owner, and operator specializing in Class A residential assets. Headquartered in Indianapolis, Milhaus is comprised of inspired and industrious individuals who are passionate about the development of multifamily and mixed-use communities.

We provide exceptional customer experiences and create solutions for neighborhoods that positively impact communities by offering unparalleled expertise in real estate, investment, development, construction, and management.

As of December 2024, Milhaus' portfolio includes over 7,500 units across 26 properties, with Assets Under Management totaling $2.0 billion. For more information, visit www.milhaus.com.

 About Parse 

Parse Capital, a subsidiary of The Wolff Company, is a real estate investment firm focused on providing capital to leading sponsors for the development, acquisition and recapitalization of residential communities throughout the United States. Founded in 2013, the firm has an experienced, cycle-tested leadership team and stable, growing investor base. Since inception, the firm has deployed over $1.6 billion of equity capital across 105 transactions and 28,913 units. Headquartered in Scottsdale, Arizona, Parse is well positioned to pursue opportunities throughout the continental United States. For more information, visit www.parsecap.com.