Development at 2249 Seymour Avenue, Former Cincinnati Gardens Site, Bring Jobs to Bond Hill Neighborhood
The Port purchased the 19-acre Gardens property in 2016 as part of its industrial revitalization strategy to create new, development-ready sites to attract advanced manufacturers and good-paying jobs to Hamilton County. In a development partnership with Terrex Development and Construction, Messer constructed a 73,000-square-foot building designed specifically to accommodate the requirements of advanced manufacturing companies – filling a market gap for readily available industrial properties for lease or sale. The building was ready for occupancy in early 2020. Shortly thereafter, Team Industrial executed a lease for the entire building for their Cincinnati HQ and advanced manufacturing test facililty.
The project represented a $6.5 million investment, and further anchored Terrex and Messer into the industrial sector of development and construction. The project team for the development also included BHDP Architecture, Colliers International and Fifth Third Bank.
Project Summary:
- 4 dock doors
- 2 drive-in doors
- Bay Size: 10,240 SF
- Column spacing: 40’ x 40’, with 40’x56’ speed-bay
- Zoning: CGA – Commercial General “A” = Light Manf / Flex Uses
- Parking: 81, expandable to 100+ spaces
- Truck Court: 120’ (60’ dock apron)
- Lighting: LED
- Truck Loading: Rear loaded
- ESFR sprinkler system
- Excellent central location to Greater Cincinnati, Downtown, hospitals, I-75, I-71 and Norwood Lateral
Terrex 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
Development Team:
- Developer: Terrex Development & Messer
- Contractor: Messer Construction Co.
- Project Marketing/Leasing: Chuck Ackerman, Bill Keefer, Jeff Kroeger / Colliers International
- Architecture: BHDP Architecture
- Lending: Fifth Third Bank