Uptown Gateway Development
SE QUADRANT OF MLK/READING ROAD, CINCINNATI, OHIO
New “front door” of Uptown offers high-visibility, access
Terrex Development & Construction and Messer Construction Co. announced today a major mixed-use development project that will be located at the new interchange of Martin Luther King Drive and I-71. The yet to be named development represents the first large-scale, joint project for the two firms, and will be the first major development catalyzed by the new interchange.
The development sits on approximately 5.8 acres located on the south-east corner of the Martin Luther King Drive and Reading Road intersection, and will span from Reading Road on the west, over to I-71 on the east with prime frontage on the south side of Martin Luther King Drive. The site will also create an additional access from Lincoln via an extension of the Winslow Avenue to the north.
“The project site provides unparalleled visibility and access to and from I-71, and offers office tenants an incredible opportunity to become the cornerstone of Uptown’s Innovation Corridor and, in general, the Uptown area,” said Tom Rowe, principal of Terrex Development & Construction.
A historic opportunity
According to Rowe, the vision for this project is to create a high density, urban scale project that is defined by an iconic design and a thoughtful connection to the surrounding community. The development will include three office buildings, providing approximately 450,000 square feet of Class A office, and a 200-room hotel, offering both limited stay and extended stay rooms. The hotel will also provide an opportunity for ground floor retail. A subterranean podium parking structure, providing parking for over 1,800 cars, will span the entire 5+ acre site and will feature an integrated park within the top deck of the parking structure. Accessible pedestrian corridors and high visibility open towards both Martin Luther King and Reading Road.
The Terrex/Messer team is committed to being a leader within the Avondale Community, specifically with their approach to achieving measured, minority inclusion results in all aspects of the project.
“We’re focused on creating opportunities for the certified minority-owned businesses in our communities to grow and succeed,” said Sonya Walton, director of economic inclusion, Messer Construction Co. “This includes involvement in everything from design and construction services, general services, and investment opportunities, to the workforce composition of this project.”
“Our goal is to establish a team of collaborative-minded professionals who are focused on creating an iconic, catalytic project for Uptown/Avondale and the City of Cincinnati,” added Rowe.
The project is slated to begin construction this year, starting with the construction of the podium parking garage. Once the garage is complete, construction of the two office buildings and hotel can commence, with an anticipated completion date in early 2020.
Services: market research, site selection, due diligence, financial viability analysis, capital structuring (debt and equity), program development, design management, entitlement, incentive negotiation, site/building acquisition, construction oversight, marketing and leasing
Primary Team Members:
- Developer: Terrex Development
- Contractor: Messer Construction Co. and Terrex Construction
- Project Marketing/Leasing: JLL / Rusty Myers
- Architecture: GBBN Architects
- Civil: Bayer Becker