City Club Apartments—CBD Cincinnati, is a nearly $70 million transformation of the historic 309 Vine building, which was originally an annex to PNC Tower, from offices into 294 luxury apartments with a rooftop restaurant, bar and dog park, as well as street-level retail and 24/7 concierge. BKV Group was one of the project designers and U.S. Bank provided the financing.
Anyone who encounters Jonathan Holtzman can attest that one thing he clearly doesn’t lack is passion. It started with his childhood dream to become a professional race car driver and has since evolved into a 40-year mission to transform the multifamily industry, first at the helm of his family’s nearly 100-year-old company, Village Green, and now as the co-chairman & CEO of his new venture, City Club Apartments (CCA). Believing in the values of customer service, high-quality amenities and brand recognition, Holtzman successfully turned around his family’s once-floundering apartment business—amassing a portfolio of 45,000 units valued at nearly $4.5 billion along the way—and now maintains these same standards at CCA, which in just under two years has grown from two to more than 250 employees, 10,000 units under ownership and a $500 million development pipeline.
But Holtzman’s rise to the top was no easy feat, as he learned early on that family businesses come with their own challenges. His grandfather, Joseph, founded the firm in 1919 as Joseph Holtzman Homes, a single-family homebuilder in Detroit. The firm became Holtzman & Silverman in 1934, when Joseph partnered with his brother-in-law, Nathan Silverman, and the next generation, Irwin “Toby” Holtzman and Gilbert Silverman, took over in 1966. The second generation branched out into office, industrial, retail and apartments, establishing the Village Green name for its garden-style apartment communities and property management arm. When Jonathan Holtzman joined the business