Developer plans apartments at 707

A local developer hopes to convert the unfinished eight-story 707 E. North St. condo project into a mostly affordable apartment building with offices on the top floor. The Whitsett Group has agreed to buy the building from Beilouny Luxury Properties, but the deal still must be approved by Cincinnati-based Fifth Third Bank, which has launched foreclosure proceedings. The exterior of the building is finished, but work on the interior stopped in late 2008. The Whitsett plan calls for 40 apartments on the third through seventh floors, with 57-percent affordable and the rest at market rates. The top floor plan would house the company’s headquarters, along with community and exercise rooms for apartment tenants. For more on this story, pick up a copy of this weekend’s IBJ.