The Heart of Covington’s Riverfront: A Bold New Vision

Sanders Development Group Chosen as Developer for Former IRS Site

Project Overview

Cincinnati-based Sanders Development Group has been selected as the developer for the Covington Central Riverfront site, located on the former IRS building grounds. This project transforms approximately 0.39 acres of block D into a vibrant mixed-use community featuring six attached townhomes, a four-story apartment building with 15 one-bedroom market-rate units, and roughly 4,000 square feet of ground-floor commercial space.

The development aligns with the City of Covington’s vision of creating a walkable, human-scaled neighborhood that honors the area’s heritage while providing new housing and retail opportunities. With construction expected to begin in July 2025, the project represents a significant investment of $8.6 million in construction costs alone.

Project Timeline

May 2025: Development agreements approved
July 2025: Construction begins
May 2026 (approx.): Construction completion (10 months)
2026 and beyond: Ongoing neighborhood growth as part of broader Central Riverfront redevelopment

A Vision for Covington’s Central Riverfront

“When we hear walkable and housing, that’s when we’re all in.”
— Robert Sanders, Principal, Sanders Development Group

This project supports Covington’s goal to create a mixed-use, walkable neighborhood that blends new residential and commercial spaces with community gathering places. It prioritizes connectivity, inclusion, and economic vitality for the Central Riverfront.

Key Partners

Sanders Development Group – Developer
Megen Construction – Co-Developer and Builder
KZF Design – Project Architect
City of Covington – Master Developer and Infrastructure Provider

Sanders Development Group’s Role

As the lead developer, Sanders Development Group is bringing its expertise in walkable, community-focused development to this landmark project. From design coordination through execution, the team ensures alignment with city goals and fosters partnerships that drive progress.

The group is committed to delivering quality market-rate housing and commercial space without requesting additional economic incentives, reflecting their confidence in the project’s viability and benefits to Covington.

Community & Infrastructure

Part of Covington’s larger 23-acre Central Riverfront redevelopment
City-funded horizontal infrastructure: roads, sidewalks, utilities, and public spaces
Design review process ensuring quality and community fit
Commitment to walkability and mixed-use neighborhood principles

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