Neyer Properties has purchased more than 30 acres in Oakley with plans to redevelop the property into a residential mixed-use development.
Located at 2950 Robertson Avenue, the site is currently home a large, approximately 800,000 square foot vacant and blighted industrial building, which is a significant eyesore to the community. Neyer Properties specializes in finding underutilized real estate and bringing it to its highest and best use. This site is no different.
Previous plans for the site included fixing up the existing industrial building for manufacturing tenants as well as redevelopment of the site for commercial office use, but those opportunities did not seem to fit within the surrounding community. “Residential use seemed to be highest and best and the Oakley community has identified in its master plan the need for more residential, green space, and pedestrian connectivity and for the site to become part of the existing neighborhood,” said Jeff Chamot, Director of Development.
Neyer is working with the Oakley Community Council to design a master plan reflecting Oakley’s recently released master plan and as well as additional feedback being solicited from the neighborhood.
Neyer is planning a variety of residential uses including single family homes, townhomes, apartments, and senior living. The site will also feature a public park, clubhouse with a pool, and a walking trail around the edge of the development.
Neyer will be the master developer and will partner with those who are experts in each specific use. Neyer has letters of intent with a potential apartment developer as well as a senior living developer and hopes to announce those partnerships soon.
“We believe in long-term ownership in all of our projects and this will be no different,” said Chamot. “We will be invested in the Oakley community for the long haul which will ensure the project and incorporating the site into the surrounding area is done right.”
As part of the project, Neyer is working with the Oakley Community Council and City of Cincinnati to make infrastructure improvements along Robertson Avenue and 34th Street to make the area more pedestrian friendly. Neyer is also working to incorporate a pedestrian connection from the site across the adjacent railroad tracks to Oakley Station. This will create easier walkability to the amenities at Oakley Station and the development will feel more like a part of the community.
Neyer is working on the required zoning change and other entitlements now which it hopes to complete by the end of 2019. The goal is to begin the project, with demolition of the existing structure, in mid-2020.
Neyer has partnered with MKSK for master planning and Bayer Becker as traffic engineer.