The Baldwin Apartments Awarded the Novogradac Journal of Tax Credits Historic Rehabilitation Award

Veronica Mathias

Veronica Mathias

Media Relations Manager | Marketing

Published October 2, 2018

The Novogradac Journal of Tax Credits awarded CASTO’s, The Baldwin, in Cincinnati, OH, the Novogradac Journal of Tax Credits Historic Rehabilitation Award for the Residential Development that Best Exemplifies Major Community Impact.

The Novogradac Journal of Tax Credits Historic Rehabilitation Awards honor outstanding achievement in the rehabilitation of historic properties by recognizing development teams for excellence in the creative use of the historic tax credit (HTC).

The Baldwin Apartments in Cincinnati’s Walnut Hills neighborhood was originally built in the early 1920’s. During the period when home entertainment centered on a piano was very popular, the company was the largest manufacturer of pianos in the United States and was home to more than 2,000 employees producing over 11,000 pianos in its first five years. As preferences changed over the years and competition of musical entertainment increased, the company lost its competitive edge.

In February 2015, Cincinnati’s City Council enacted legislation to designate the Baldwin Piano Building as a local Landmark.

The city officially recognized the building for its association with a company that contributed significantly to the economic development of the city and the recognition it brought to Cincinnati.

CASTO and Neyer Properties worked together to renovate and restore this prominent building, protecting its character and re-purposing the building as urban luxury apartments. Saving the building eliminates thousands of pounds of demolition waste, conserves land and ensures that the history of The Baldwin is not only retained but becomes a thriving part of the community again. The scale, size, and features of The Baldwin are visually dominating whether driving along Gilbert Avenue from downtown, leaving Eden Park, or simply passing by on I-71. The prominent clock tower, rounded-arch openings, 13 foot ceilings, and expansive windows throughout the building illuminate the remarkable design, rich history, and vivid vision of the past.

The Baldwin consists of 190 one- and two-bedroom loft style apartments as well as several amenities that make the building extraordinary. Apartment amenities include but are not limited to granite counter-tops, pendant lighting, hardwood floors, stainless steel energy efficient appliances, and 10’ windows with breathtaking views of Eden Park and the Cincinnati skyline. Building amenities include but are not limited to controlled building access with guest intercom system, indoor sports lounge, on-site 24-hour fitness center, indoor bar and kitchenette area, resort style pool and outdoor grill, ample on-site storage options, package service and storage, covered bicycle parking and covered garage parking with direct building access. The Baldwin offers the most remarkable characteristics of any residence in Cincinnati.

The Baldwin was recognized for this award on September 27, 2018 at the Novogradac Historic Tax Credit Conference in Nashville, TN.

To learn more about leasing at The Baldwin, visit

To learn more about Novogradac Journal of Tax Credits, visit