10.05.19 Fair Plaza New Rendering-Planet emPhase 1 of Fairfield Patterson Place Redevelopment Completed

Planet Fitness, an affordable, no-pressure health club known for its Judgement Free Zone®, has signed a 15-year lease for 14,000 square feet with Neyer Properties at its Patterson Place (formerly Fair Plaza) building in downtown Fairfield.

This is the first Planet Fitness in the Cincinnati region. Planet Fitness boasts almost 2.3 million members nationwide, and for two straight years has been ranked by Inc. magazine as one of the fastest-growing private businesses in America.

Neyer is making interior and exterior improvements to the existing space and building, including: interior clean-up and repairs; re-painting all façade surfaces; improved storefronts with new cornices and trim; enlarged tenant signage areas; updated heating, air conditioning, and rooftop units; repaved parking areas; new landscaping; and new entrances with improved signage. The gym is scheduled to open September, 2010 and create 12 new jobs. Andrew Sellet of Cassidy Turley assisted with the transaction.

“We have top-of-the-line strength and cardio equipment, along with ellipticals, treadmills and tanning booths and beds,” said John Clancy, Planet Fitness owner. “We provide a comfortable atmosphere and a great price point. People won’t be intimidated to come in – we make it fun.”

The retail building at Patterson Place is part of a 25-acre redevelopment at Pleasant Avenue and Patterson Drive. The new, mixed-use plan calls for an updated 60,000 square foot neighborhood shopping and professional services center; a 120-unit, three-story senior living complex; and senior patio homes. Only 7,500 square feet of the development remains to be leased at Patterson Place.

Neyer Properties has partnered with St. Mary’s Development Corporation for the construction and management of the senior living facility. St. Mary’s is a non-profit organization providing sustainable, affordable housing solutions in southwest Ohio.

The Patterson Place redevelopment is a public-private partnership between the city of Fairfield and Neyer Properties to improve Fairfield’s town center. The public portion will include walking trails, green space, a pond with fountain, and city streetscaping on Patterson scheduled for completion this fall. Neyer completed the first phase of work, demolition of part of the retail building, at the end of 2009. In the process, Neyer recycled 20 million pounds of materials and won the Hamilton County Solid Waste Management District’s Recycling Awards in December, 2009.

“This project is an example of how we live out our green building philosophy at Neyer Properties regarding the restoration of existing sites to create new projects that are sustainable, useful, and attractive to users,” said Jeff Chamot, senior development project manager at Neyer Properties. “Patterson Place is in an attractive location where people will want to walk, shop, and enjoy the scenery.”