Grey Rock Property Development

Name

Grey Rock Property Development

Legal name

Grey Rock Property Development

Website

https://greyrockdevelopment.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

1–10 employees

Short description

Grey Rock Property Development is a founder-owned Cincinnati-based firm specializing in historic renovation, adaptive reuse, and LEED-certified construction of residential, artist studio, commercial, and event venue properties in the Northside neighborhood and surrounding areas.

Ownership category

akta.pro rank

Product category

Historic Real Estate Development and Renovation

NAICS

Residential Building Construction (23611), Residential Remodelers (236118), Commercial and Institutional Building Construction (23622)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industry

Urban Renewal, Brownfield Redevelopment & Land Reuse (BPAIANAI)

Keywords

• Historic property renovation
• Adaptive reuse development
• Residential apartment leasing
• Commercial construction services
• Event venue operations

Headquarters

HQ city

Cincinnati

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Rental Income: The company generates revenue through leasing residential apartments, artist studio spaces, and commercial spaces across their portfolio of properties in Northside Cincinnati.
2. Construction Services: Pohlar Construction, the in-house general contractor, accepts a limited amount of external client projects in addition to serving Grey Rock Development's own projects.
3. Event Venue Operations: The Factory Events operates as a full-service wedding and event venue with indoor space, outdoor patio and gardens, beverage service, valet, and catering area, generating revenue through venue rentals.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels1 record

Core offering

Grey Rock Property Development acquires, renovates, and leases historic and urban-infill residential, commercial, and artist-studio properties in Northside Cincinnati and surrounding neighborhoods. Operations are executed end-to-end through an in-house team spanning architecture, construction, and property management, with supplemental revenue from event-venue hosting at The Factory Events and a small volume of external construction work through the Pohlar Construction subsidiary.

Product overview

Grey Rock Property Development is a local property development and construction firm based in Northside, Cincinnati, Ohio, operating a portfolio of residential rentals, commercial spaces, and event venues. Their rental portfolio includes multiple apartment buildings (The Ruebel with 10 units, Hanfield Flats, South Flats with 5 units, Sidney Apartments with 2 units, and Dayton Street Apartments with 13 units in development) and single-family homes (Cherry Street House, Lakeman House). Their commercial projects include artist studios and event spaces at The Factory building (home to 12 artist studios plus The Factory Events venue), Galaxie Skateshop, and OTR Candy Bar. They also completed custom installations such as the McLane Office Collaboration. All development and construction work is executed through their in-house team and Pohlar Construction subsidiary.

Differentiator

Problem solved

Functional benefit

Brands

• Pohlar Construction: In-house General Contractor with full-time experienced team executing construction and renovation plans for Grey Rock's developments. Also available for limited client projects.
• The Factory
• The Factory Events

Products and services

• Residential Apartment Rentals Multi-building residential rental portfolio in Northside Cincinnati featuring renovated historic apartments, including The Ruebel (10 units with preserved mantles, tile fireplaces, hardwood floors, and bay windows), Hanfield Flats, South Flats (5 units on Hamilton Avenue), Sidney Apartments (2 units), and the planned Dayton Street Apartments (13 units in West End). Targeted at local residents and community members seeking quality urban housing with modern amenities inside historic buildings.
• Artist Studio Rentals at The Factory Twelve working artist studios housed in The Factory, a historic former machine-tool facility in Northside Cincinnati reimagined as mixed-use space. Leased to photographers, designers, fabric artists, architects, and painters seeking an affordable, collaborative working environment in an adaptive-reuse building.
• The Factory Events Venue Rental Full-service wedding and event venue featuring 5,500 SF of indoor space and a 5,000 SF private patio and gardens, with on-site beverage service, valet, and a catering area. Marketed as Northside's first full-service event space and used as both a revenue stream and a marketing showcase for Grey Rock's broader development brand.
• Commercial Space Rentals Renovated historic commercial and retail buildings leased to local small businesses, exemplified by the Galaxie Skateshop corner building in West Newport, Kentucky (structural repairs, updated mechanicals, and custom-finished store buildout for a premier skate-supply operator) and the OTR Candy Bar location within OTR's Historic Findlay Market. All architecture, planning, design, and construction work is delivered in-house by Grey Rock.
• Pohlar Construction Services General contracting and construction services delivered by the in-house Pohlar Construction team, which serves Grey Rock's own portfolio full-time and accepts a limited number of external client projects. Capabilities span design, engineering, and build for renovations, custom installations (e.g., the custom black walnut light beam structure for the George & Margaret McLane Foundation offices), and adaptive-reuse construction.

Named customers4 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Ohio Historic Preservation OfficeminorStrategic or Co-development PartnerThe Dayton Street Apartments project received Ohio Historic Preservation Tax Credits from the State of Ohio, supporting the preservation and renovation of historic buildings in the West End neighborhood.

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• The Community Builders: Urban mixed-income and multifamily developer with a community-focused mission, overlapping with Grey Rock's neighborhood-revitalization orientation and small-format urban infill projects.
• The Model Group: Cincinnati-based real estate developer specializing in historic renovation and adaptive reuse of urban properties, including mixed-use and residential projects in the same Cincinnati neighborhoods Grey Rock operates in. Closest geographic and operating-model comparable.
• Woda Cooper Companies: Affordable and market-rate multifamily developer with significant experience in historic rehabilitation and tax credit-financed projects, comparable in asset class (small-to-mid multifamily) and financing approach.
• Dominium: Apartment renovation and management specialist with extensive experience rehabilitating historic and obsolete multifamily properties using LIHTC and historic tax credits — comparable in unit count and rehabilitation focus.
• The NRP Group: Multifamily developer with historic renovation and new-construction expertise operating across multiple states; comparable in deploying tax credits and managing small-to-mid urban rental portfolios.
• Pennrose: Developer of mixed-income and historic-rehabilitation multifamily housing across the U.S. with deep experience executing LIHTC and historic tax credit deals — directly analogous to Grey Rock's Ohio Historic Preservation Tax Credit-funded Dayton Street project.
• Gorman & Company: Historic preservation-focused developer specializing in adaptive reuse of historic buildings into residential and mixed-use properties using state and federal historic tax credits, mirroring Grey Rock's preservation-led approach.

Broad incumbents

• LCOR: National multifamily developer and operator that executes historic adaptive reuse and ground-up development; broader incumbent comparable in product type (urban multifamily, adaptive reuse) but operates at significantly greater scale and institutional capacity than Grey Rock.

Regional players

• Cincinnati Center City Development Corp (3CDC): Cincinnati-based nonprofit developer that has led the redevelopment of OTR and downtown, overlapping with Grey Rock's Cincinnati operating geography and historic renovation thesis, but at materially larger scale and with institutional backing.
• Capital Realty Group: Midwest-focused small multifamily developer and manager with a portfolio of renovated urban properties; comparable in scale and operating model to Grey Rock's 30-unit portfolio across multiple Cincinnati buildings.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/greyrockdevelopment

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Grey Rock Property Development