Friday March 26, 2021

Summit Park mixed-use development eyes 5 retail tenants

From Cincinnati Business Courier:

SUMMIT PARK MIXED-USE DEVELOPMENT EYES 5 RETAIL TENANTS

The first mixed-use phase of the Neighborhoods at Summit Park in Blue Ash is working to add a handful of retail tenants.

The Approach, a 290-unit luxury apartment building, also has about 25,000 square feet of first-floor commercial space. Two retail tenants have already been announced — Christian Gill’s the Mighty Slider Bar and Higher Gravity’s second location are expected to open in the development this summer.

During a CREW Greater Cincinnati Blue Ash Summit Park Development Roundtable Thursday evening, the leasing team for the Approach said they are currently working on five more leases for the project. That was just part of the discussion as representatives from Vandercar Holdings, one of the master developers of the Neighborhoods at Summit Park with Al Neyer, Urban Fast Forward, and the city of Blue Ash discussed the massive, mixed-use development, the Neighborhoods at Summit Park, and the adjacent 130-acre Summit Park.

[…]

Neil Hensley, economic development director for the city of Blue Ash, said Summit Park brings in an estimated 1 million visitors per year.

“What we didn’t envision is how much the park development would drive business location decisions,” Hensley said during the event.

Hensley said a few years ago he plotted the companies that had moved to or expanded in Blue Ash and 90% moved to a location from which they could see the tower at Summit Park.

“Companies are really interested in locating their facilities around this great amenity,” Hensley said.

Steve Dragon, chief development officer with Vandercar, said the Neighborhoods at Summit Park has a more office-intense plan for the corner of Glendale-Milford and Alliance roads, as well as space for office in the middle of the 100-acre development. The developers also are looking to bring a hotel to the project across from the Approach.

Work is expected to start soon on WP Land Co. LLC’s as-of-yet unnamed residential portion of the development, as well as Kennor Cross Investments LLC and Nobis Rehabilitation Partners’ nearly 50,000-square-foot physical and medical rehabilitation hospital.

“Our schedule got pushed behind with the pandemic on the office and retail side, but we used 2020 to lay the groundwork for this tremendous project coming out in the next year or so,” Dragon said.

The master developers recently closed on financing to complete construction of all the internal roads and infrastructure.

Read more from the article here.

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