Buckingham Cos., an Indianapolis‐based real estate company, revealed more details of its upscale apartment development in Oakley.

The 272‐apartment development is called MadMar Flats, a play on the two streets the project is located on, Madison Road and Marburg Avenue.

"MadMar Flats has been an exciting project for us, and we are glad to see it near completion," John Cumming, senior vice president of development operations for Buckingham, said in a news release.

MadMar Flats will have seven three‐story buildings with a total of 272 apartments. One‐, two‐ and three‐bedroom floorplans are designed with a common open space, bathrooms for every bedroom and other luxury finishes.

Rents at MadMar Flats will range from about $1.40 per square foot for the large three‐bedroom, two‐bathroom units to about $1.70 per square foot for one‐bedroom, one‐bathroom units. The monthly rent ranges from $1,304 to $2,106.

Community amenities for MadMar Flats will include a clubhouse, a dog park, a fire pit, fitness center, a movie and gaming lounge, a pool with tanning ledge, and a sundeck. Each apartment will have 9‐foot ceilings, granite countertops, washer and dryer hookup, walk‐in closets and stainless steel appliances.

MadMar Flats will be a LEED‐certified community, including features such as enhanced insulation for more airtight construction, energy‐efficient HVAC systems and better indoor air quality, windows and doors with stronger thermal resistance and landscape design that requires low water usage.

Residents and their guests will be able to access the development from three points: Madison Road on the west, Marburg Avenue from the south and Ridge Avenue from the east. A pedestrian bridge will connect MadMar Flats to Oakley Station and Oakley Square.

The apartments are expected to be ready for occupancy starting this fall. An on‐site leasing office is expected to open in May.

For more information on MadMar Flats, click here.

Buckingham is a full‐service real estate company that includes the development, acquisition, management and construction of a range of property types including multifamily, student housing and mixed‐use communities. Buckingham manages nearly $1 billion of real estate assets for its own account, clients and institutional partners. Buckingham has managed more than 90 properties consisting of nearly 20 million square‐feet of property and approximately 15,000 rental units nationwide.

Read Cincinnati Business Journal article here​.