Cincinnati, Ohio — March 12, 2026 — The Douglas Company proudly announces the completion of Phase 2, the final phase, of Thatcher Flats, an affordable multifamily housing community in Cincinnati. Construction of the final phase was completed in November 2025, marking the successful delivery of the full development totaling 82,121 square feet and 86 residential units.
Phase 2 adds 30,274 square feet and 36 apartment units to the community, bringing the total contract value for the two-phase development to $16.5 million. The completed community consists of one four-story building with 14 units and two three-story buildings with 36 units each, designed to provide quality, accessible housing for residents in the Cincinnati area.
Residents at Thatcher Flats benefit from thoughtfully designed amenities that support daily living and community connection, including a community room, study room, fitness space, laundry facilities, on-site management services, and dedicated community parking.
Having successfully completed Phase 1, The Douglas Company was selected to construct the second phase as a mirror image of the previously delivered building. This continuity provided the ownership team with confidence in execution, quality, and project decision-making while enabling efficiencies that supported overall project profitability.
Because Phase 2 replicated the first building, maintaining material consistency across both phases presented a key challenge. The Douglas Company collaborated closely with both returning and new subcontractors to ensure materials, finishes, and construction standards matched seamlessly between phases.
The Douglas Company’s management approach also helped control project costs and mitigate risk for the ownership team. By applying value engineering strategies established during Phase 1 and proactively managing procurement and construction processes, the team minimized additional project costs and preserved contingency flexibility for the owner.
“The completion of Thatcher Flats represents the strength of collaboration and continuity across both phases of this development,” said Tyler Stout, Project Manager at The Douglas Company. “We are proud to deliver a community that expands access to quality housing while providing long-term value for our client and residents.”
Thatcher Flats reflects The Douglas Company’s commitment to constructing buildings that matter and delivering impactful housing solutions across the region.
About The Douglas Company
At The Douglas Company, we are an industry-leading Ohio commercial general contractor that has been building high-quality living communities for cost-oriented developers since 1976. With headquarters in Holland, Ohio, and a second office in Orlando, Florida, we serve the Eastern United States with a focus in Ohio, Michigan, Indiana, and Florida. Specializing in affordable and market-rate multifamily developments and the full-range of senior living communities, we pride ourselves on our commitment to consistent results, integrity, and the success of our clients and associates.
As a 100% employee-owned ESOP company since 2021 and a seven-time honoree on the INC. 5000 list of fastest-growing private companies, we have provided highly-involved and collaborative preconstruction and construction management services to clients for nearly 50 years. Developed as a result of our comprehensive industry-focused knowledge and experience, our integrated Integri-D Process allows our clients to rest-assured their project is in the right hands. We manage every aspect of the client’s project from up-front cost control, preconstruction services, and construction management through completion and turnover.
For more information on this story or inquiries about The Douglas Company, please contact Bob Ritter, Director of Business Development, at 419-309-9715or visit our website at www.douglascompany.com.
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