Presentation on theme: "Cincinnati Market Overview ICSC 2013 Ohio/West Virginia Idea Exchange August 2013 Presented By: John A. Thompson Sr. Vice President, The Everest Group,"— Presentation transcript:
Cincinnati Market Overview ICSC 2013 Ohio/West Virginia Idea Exchange August 2013 Presented By: John A. Thompson Sr. Vice President, The Everest Group, Inc 9912 Carver Road, Suite 100, Cincinnati, OH 45242 www.everestrealestate.com
Market Fast Facts Cincinnati Population The Greater Cincinnati metro market including northern Kentucky, SE Indiana and Dayton will have a population of 3.5 million by 2015. The Cincinnati MSA is larger than either Columbus or Cleveland and has more $100K households than either. Cincinnati is home to nine Fortune 500 companies and over 360 Fortune 500 companies have operation in the Cincinnati MSA. Major Employers - General Electric, Kroger (now acquiring Harris Teeter for $4.5B and growing fast), Duke Energy, Cincinnati Children’s Hospital, University of Cincinnati, American Financial, Western & Southern Life Insurance. Regional Draws - New Horsehoe Casino, MLB - Cincinnati Reds, NFL - Bengals, University of Cincinnati, Xavier University, Miami University, Cincinnati Zoo, Newport Aquarium.
The Banks - Downtown Mixed use urban riverfront development Just opened – The Yard House, The Wine Guy Bistro, Ruth’s Chris Steakhouse, Tin Roof Restaurant Planned 200,000 SF office at 180 Walnut 300 luxury apartment units, with 300 more just announced
Center of Cincinnati - Oakley Mixed use movie theater, residential, retail development Anchored by Meijer, Target, Sam’s, PetsMart and LA Fitness CineMark 14 screen theatre now open. Kroger SuperCenter planned 302 residential apartments
The Kenwood Collection Retail and office development at Kenwood Towne Center Greater Cincinnati’s TOP retail and office market Looking for high end luxury retailers and new-to- market retailers to join Crate & Barrel
Short Vine Mixed use – student apartments over 1 st floor retail Two projects completed - Views on Vine 104 units - Vine Street Flats – 32 units First floor retail available.
University Station - Xavier Phase 1 to include Campus Book Store 180 student apartments. Planned 50,000 SF office Seeking retail, restaurants
Norse Pointe - NKU Front door gateway to the Campus. Seeking hotel, movie theatre, retail and restaurants May include some student housing and offices. Seeking development partner. For more info - Jeff Strunk NKU 859-572-6448