GREATER CINCINNATI & NORTHERN KENTUCKY S ULTIMATE LIVE + WORK + PLAY EXPERIENCE

Transcription

1 GREATER CINCINNATI & NORTHERN KENTUCKY S ULTIMATE LIVE + WORK + PLAY EXPERIENCE

2 DISCOVER YOUR DESTINATION Newport on the Levee is a unique, urban-minded, 490,000 (sf) dining, entertainment and prestigious office and residential destination. Located on the Ohio River in Newport, Kentucky, with panoramic views of downtown Cincinnati, Newport on the Levee is the only venue of its kind within a 100 mile radius and is the regions most vibrant, dominant dining and entertainment destination; bringing more than 3.5 million people to the lifestyle-driven center annually. 1.8 MILLION PEOPLE 700,000 HOUSEHOLDS SIX COUNTY TRADE AREA DEMOGRAPHICS Affluent! NEWPORT AQUARIUM Attracts in excess of 700,000 visitors annually 490,000 sf RESTAURANT, ENTERTAINMENT & OFFICE DESTINATION New Aloft Hotel New retail, office & residential space 24.1 million visitors ACROSS 15 COUNTIES IN THE TRI-STATE AREA Ohio, N. Kentucky & Indiana Aqua on the Levee $80 MILLION DOLLAR DEVELOPMENT 239 Luxury Apartments OPENING SPRING 2016 Aloft HOTEL SLATED TO OPEN DEC ,000 SFT OF MEETING SPACE 2 3

3 HEART OF THE RIVERFRONT Newport on The Levee is the social hub on the river for Cincinnati and Northern Kentucky. Anchored by the Newport Aquarium, which attracts in excess of 700,000 visitors annually and is rated as one of the top 10 aquariums in the US according to the US City Traveler, a 20-screen state-of-the-art, AMC Theater, Axis Alley bowl-bar-bites boutique, Barnes & Noble and GameWorks, this is the perfect draw for tourists and the 1.8 million residents located in the six counties Tri-State trade area. Visitors to the center can also enjoy the dining experiences that provide a wide selection of culinary options, including Brio Tuscan Grille, Mitchell s Fish Market, Brothers Bar & Grill, Bar Louie, Redondo Taqueria, Dick s Last Resort, along with casual quick service foods such as Five Guys Burgers & Fries, Tom+Chee, and Dewey s Pizza. 490,000 SQ FT RESTAURANT, ENTERTAINMENT & OFFICE DESTINATION NEWPORT AQUARIUM ATTRACTS MORE THAN 700,000 VISITORS ANNUALLY REGION S PREMIERE 20 SCREEN AMC AND IMAX THEATRE, ADDITIONALLY ANCHORED BY BARNES & NOBLE, GAMEWORKS, FUNNY BONE COMEDY CLUB, AND AXIS ALLEY BOWLING 145 REGIONS FIRST ALOFT HOTEL SLATED TO OPEN DEC INCLUDES; 10,000 SF OF MEETING SPACE (2) PARKING GARAGES WITH 2,200 SPACES 52,000 SQ FT OFFICE SPACE CREATIVE/CO-WORKING OFFICE SPACE 239 LUXURY APARTMENTS OPENING SPRING

4 5 minute DISTANCE FROM PAUL BROWN STADIUM (BENGALS), GREAT AMERICAN BALLPARK ( REDS ) AND US BANK ARENA 1+ million CINCINNATI AND NORTHERN KENTUCKY EMPLOYEES aprox. 2,200 hotel rooms WITHIN A 5 MINUTE DRIVE TIME SURGE IN URBAN CORE AT THE LEVEE Newport on the Levee, the riverfront s landmark Live, Work, Play, and Stay dining and entertainment destination, continues to grow with the addition of Aqua on the Levee creating a critical mass of new residences, neighborhood retail, hotel rooms and meeting space. The new ground-up development includes 239 luxury apartments, and the Aloft hotel, the first in the Greater Cincinnati region. This provides a captive audience of an additional 239 luxury apartment dwellers and 145 rooms for tourist/business travelers. DRAWS 3.5 MILLION PEOPLE PER YEAR est. 118,000 adt on INTERESTATE 471 This, combined with the existing 2,200 hotel rooms and over 70,000 daytime employees in downtown Cincinnati and Northern Kentucky, creates major opportunities to draw additional traffic to the center during the daytime and evening hours. 3 MILE DEMOS TOTAL POP: 127,970 DAYTIME POP: 253,615 AVG. INCOME $58,

5 9 PLUG INTO REGIONAL MARKET DOMINANCE AT THE LEVEE HEART OF THE RIVERFRONT THE REGION S MOST COMPLETE ENTERTAINMENT DESTINATION PLUG INTO REGIONAL MARKET DOMINANCEAT THE LEVEE 1 Downtown Cincinnati US Bank Arena AMC Newport on the Levee Great American Ballpark Barnes & Noble Paul Brown Stadium Brio Tuscan Grille Pedestrian Bridge Mitchell s Fish Market Taylor Southgate Bridge Gameworks Riverboats 11 Aqua on the Levee Newport Aquarium Opening 2016 Future expansion site 801 Parking spaces with air rights 239 Apartments 8,000sf of street level retail 10,000sf of meeting space First ALOFT hotel in region FORTUNE 500 HQ COMPANIES NORTHERN KENTUCKY CINCINNNATI FORTUNE MAGAZINE PROCTER & GAMBLE KROGER MACY S FIFTH THIRD BANCORP ASHLAND OMNICARE WESTERN & SOUTHERN FINANCIAL GENERAL CABLE CORPORATION AMERICAN FINANCIAL GROUP TRADE AREA DRAW & PROFILE CUSTOMER BEHAVIOR & PERCEPTIONS 1.8 MILLION POPULATION 100% NAME RECOGNITION 700,000 HOUSEHOLDS Two out of three VISITORS COME MULTIPLE TIMES A YEAR Top regional DINING AND ENTERTAINMENT DESTINATION CUSTOMER PROFILE (REGULAR VISITORS TO NEWPORT ON THE LEVEE) 44% STRONG DRAW AMONG CUSTOMERS % STRONG DRAW AMONG CUSTOMERS household 48% MALE household 52% FEMALE $100,000 and up $88,220 RESTAURANT CUSTOMERS AVERAGE AVG. HOUSEHOLD INCOME 8 9

6 I-71 Traffic Count including Great American Ballpark/Paul Brown Stadium: 133,730 I71/I75 Traffic Count: 172,000 OVER THE RHINE CENTRAL BUSINESS DISTRICT MT. ADAMS CINCINNATI I-471 Traffic Count over bridge: 111,601 THE BANKS RIVERSIDE DRIVE RESIDENTIAL DISTRICT COVINGTON Bellevue OHIO RIVER NEWPORT MANSION HILL RESIDENTIAL DISTRICT CENTRAL BUSINESS DISTRICT FT. THOMAS LOCATION UNSURPASSED Creating new synergies, JLL is redeveloping and repositioning the leading riverfront destination, Newport at the Levee. With easy access via walking, driving, biking or public transportation, Newport on the Levee is steps away from major sports and cultural centers that draw residents from Cincinnati and Northern Kentucky. The center is considered the hub for sporting events with attendees parking in our spacious parking garage or near the center and shuttling to the game to return for a dinner or night out at The Levee

7 Riverfront Commons Riverfront development 11.5 mile, uninterrupted walkway/pathway open space linking all six Southbank cities; Covington, Newport, Bellevue, Ft. Thomas, Dayton & Ludlow Providing easy access to neighborhoods, residential, business, entertainment & historic districts AQUA ON THE LEVEE URBAN LIVING ON THE RISE The immediate trade area is booming with new construction and redevelopment of high rise residential, neighborhoods and major office buildings. Downtown Cincinnati Northern Kentucky Over the Rhine Redevelopment of Cincinnati s oldest & largest urban historical district with over $363 million invested in: Restoration of 144 historic buildings Development of 536 new and renovated residential units Development of approx. 373,000 sf of new and renovated commercial space 8-acre civic green space 2 AT580 Mixed Use Property $43.5 million dollar project 180,000 (sf) office 179 Studio, One & Two Bedroom Apartments Prices range $1,275- $3,500 per month 13 Penthouses - 1,600-1,700 (sf) 3 4 Mercer Commons Mixed Use Property $49.31 million dollar project 95 units (67 rental, 23 condo, 5 townhouses Average square footage: 1,100 14,500 (sf) commercial BROADWAY SQUARE 39 one and two-bedroom apartments 11,000 square feet of retail, office space 8 buildings Casino adjacent Pendleton neighborhood Vine Mixed use Property- $75 million dollar renovation of a vacant commercial building Master Plan: 294 apartments 45,000 (sf) commercial space The Banks (riverfront commons) 18 acre mixed-use, riverfront development, including the AC Hotel and GE Global Operations Center Office Master Plan: $120 million, 5,500 space underground parking 1,800 residential units 400,000 (sf) commercial space 1,000,000 (sf) of office 400 hotel rooms 12 $600 million is expected to be added to the local economy; 1,000 net-new permanent jobs 8th & Sycamore $33.6 million residential/commercial building 15-story, 130 apartment tower 4th & Race $77.3 million mixed-use development 208-unit apartment building atop a cityowned, 925 parking garage 25,000 (sf) of street-level commercial space Smale Riverfront park 45 aces of greenspace at The Banks duveneck square Ovation PROJECT Mixed-use development (Newport) Proposed $800 million redevelopment of Newport s riverfront at the Ohio and Licking Rivers Forecasted to generate 6,700 jobs & 1.7 billion dollars annual revenue to the economy 108 townhomes, 726 condos, 192 senior housing units 1.2 million (sf) of office space 2 Hotels Newport Intermediate School Building 200 unit- 4 story high-end apartment complex, across from Newport on the Levee Manhattan Harbour (Dayton) $600 million dollar development along Dayton s riverfront 29 acres of green space including a riverside trail Plans include: 41 single-family homes from $995,000 to $1.9 million; 54 apartment homes, 40 condo s ky9 extension 12 13

8 RETAIL AT THE LEVEE Newport at the Levee offers four levels of dining, entertainment and retail for tourists, office workers and the 700,000 trade area residents

9 THEATER LEVEL AMC 20 CINEMAS BRIDGE TO THE FUTURE MEZZANINE LEVEL OFFICE LOFTS RESTAURANTS With Phase I of The Levee redevelopment (Aloft and luxury apartments) opening in 2016, JLL will be introducing further development opportunities to include a proposed mixed use development on the last remaining pad at base of the Taylor Southgate Bridge which connects The Levee with Cincinnati riverfront; stadiums and central business district. The plan includes the most accessible and visible ground floor retail and restaurant space in the project with potential office, hotel or residential uses above. PLAZA LEVEL ENTERTAINMENT SHOPS & RESTAURANTS, NEWPORT AQUARIUM FUTURE DEVELOPMENT 16 THIRD STREET LEVEL TAXI/VALET ENTERTAINMENT RESTAURANTS 17

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11 Steve Yenser EVP, Retail Development & Leasing Cynthia Murphy SVP, Strategy & Development Molly Morgan Leasing Representative