Neyer Properties is breaking ground on the first phase of the over $40 million RiverSide Yard development with a 103,500 square foot speculative industrial building this summer.
Located along US-50 (River Road) in the Riverside community of Cincinnati, just three miles west of downtown Cincinnati, RiverSide Yard is zoned and pad-ready for industrial and manufacturing uses. The 46 acre site can accommodate up to 600,000 square feet of modern, Class A industrial space. The footprint of the Phase I building can be demised to accommodate multiple users or remain as a single tenant use.
“The City of Cincinnati, REDI, and JobsOhio are always looking for existing industrial space or shovel ready land for large end-users in Cincinnati,” said Jeff Chamot, Director of Development at Neyer Properties. “The City of Cincinnati does not have space available in any recently constructed, modern, industrial buildings located in urban areas that meet the requirements of today’s end-users. RiverSide Yard will provide new available industrial space allowing the City of Cincinnati to compete for job-creating projects in the region.”
Situated in an urban setting, RiverSide Yard is minutes from downtown, I-75 and I-71 and provides quick access to the Cincinnati/Northern Kentucky International Airport. The site features rail and river access. Additionally, at 46 acres, RiverSide Yard is the largest available industrial site within I-275.
“This project will be a long term asset to our neighborhood,” said Susan Jefferson, president of the Riverside Civic and Welfare Club. “We hope for great success in its construction and tenant acquisition.”
In order to bring the site to shovel-ready condition, Neyer Properties partnered with the City of Cincinnati to obtain a JobsOhio Site Redevelopment Grant to clear and level the site. Immediately following, an access road extending from SR-50 was built and brought utilities to the property, ultimately creating a marketable vision for the site. This work was completed in May of this year.
Neyer Properties is proposing a nearly 124,000 square foot building as Phase II, with the remaining 30 acres available for future Phase III development.
Historically, the site was utilized as a rail yard and container port for the river industry for over 100 years, starting prior to the 1900s. In the late 1990s, approximately 300,000 cubic yards of fill material from the construction of Fort Washington Way was placed on the site. As a result of the fill material as well as that the site having no roadway or utility access, the site had sat vacant for the last 20 years until now. Si Pitstick and Josh Young with Newmark Knight Frank are representing the Phase I building as well as the remaining available acreage.