Neyer Properties will host a grand opening of Neyer Properties’ Red Bank Crossing on Thursday, Aug. 28 at 10 a.m. at 4400 Red Bank Expressway in the Madisonville suburb of Cincinnati.
The program will include short addresses from Milton Dohoney, Cincinnati city manager, and Daniel Neyer, president of Neyer Properties. The public is invited.
The $25 million, medical office and mixed-use retail project totals 166,000 square feet of space.
Neyer said he is proud of the value the Red Bank Crossing project offers to the surrounding community. He estimated that upon completion, the Red Bank Crossing project will generate 400 jobs for the city of Cincinnati.
“We helped create Red Bank Expressway as a medical office corridor,” he said. “Before our company became involved in the project, it was a sleepy, underdeveloped avenue.”
A population of 100,000 lives within a three-mile radius of the site.
Neyer Properties purchased the neglected 12.5 acre Red Bank Crossing site from the city of Cincinnati in 2001. The first building constructed onsite was the $8.5 million Gorilla Glue Company headquarters in 2002.
Red Bank Crossing I, a $6 million, 40,000 square foot space, was completed in 2005 and is fully leased to medical office tenants.
Red Bank Crossing II is a 30,000 square foot, two-story office building on 2.5 acres. It was completed in July, 2008. Trinity Family Medicine opened its offices there August 1.
Red Bank Crossing II is the second commercial building in the city of Cincinnati to be approved for Leadership in Energy and Environmental Design (LEED) tax abatements.
The first commercial building in the city to attain LEED certification and tax abatements is Neyer Properties’ $100 million Keystone Parke, the first green office campus in Ohio, Kentucky and Indiana.
“Red Bank Crossing is an excellent example of the City being proactive to jumpstart a development by turning under-utilized urban land into a market-driven development,” said Michael Cervay, director of the Cincinnati Department of Community Development. “The City chose Neyer Properties” vision of an industrial/office campus with some supportive retail, and the developer delivered on all aspects of the project. Dan Neyer and his team understand how to work in the built environment.”
Other completed buildings in the Red Bank Crossing project include: the Goddard School daycare center, a children’s daycare facility of 10,000 square feet; and the $2 million Red Bank Crossing retail center, with 10,500 square feet for tenants Penn Station, BEAT Fitness and Huntington Bank. A retail space outlot consisting of one acre and 7,500 square feet is set for construction in 2009.