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Cincinnati Market Overview ICSC 2013 Ohio/West Virginia Idea Exchange August 2013 Presented By: John A. Thompson Sr. Vice President, The Everest Group, Inc 9912 Carver Road, Suite 100, Cincinnati, OH 45242 www.everestrealestate.com Cincinnati Cincinnati Market Fast Facts Cincinnati Population • The Greater Cincinnati metro market including northern Kentucky, SE Indiana and Dayton will have a population of 3.5 million by 2015. • The Cincinnati MSA is larger than either Columbus or Cleveland and has more $100K households than either. • Cincinnati is home to nine Fortune 500 companies and over 360 Fortune 500 companies have operation in the Cincinnati MSA. Major Employers - General Electric, Kroger (now acquiring Harris Teeter for $4.5B and growing fast), Duke Energy, Cincinnati Children’s Hospital, University of Cincinnati, American Financial, Western & Southern Life Insurance. Regional Draws - New Horsehoe Casino, MLB - Cincinnati Reds, NFL - Bengals, University of Cincinnati, Xavier University, Miami University, Cincinnati Zoo, Newport Aquarium. Campus Development Knowledge is Good The Banks - Downtown • Mixed use urban riverfront development • Just opened – The Yard House, The Wine Guy Bistro, Ruth’s Chris Steakhouse, Tin Roof Restaurant • Planned 200,000 SF office at 180 Walnut • 300 luxury apartment units, with 300 more just announced Cincinnati Downtown – GROWING! Hyde Park, OH Rookwood Exchange • Marriot Courtyard now open • Seasons 52, Capital Grille and Jason’s Deli all open • Possible residential apartments planned Oakley, OH Center of Cincinnati - Oakley • Mixed use movie theater, residential, retail development • Anchored by Meijer, Target, Sam’s, PetsMart and • LA Fitness • CineMark 14 screen theatre now open. • Kroger SuperCenter planned • 302 residential apartments Kenwood, OH Kenwood The Kenwood Collection • Retail and office development at Kenwood Towne Center • Greater Cincinnati’s TOP retail and office market • Looking for high end luxury retailers and new-tomarket retailers to join Crate & Barrel Liberty Township, OH Liberty Center • Lifestyle development in the fast growing West Chester, Ohio market. • Planned 1.1M SF first phase with Dillard’s, Cobb Theatres 16 screen. • 85,000 SF office • 220 apartments Northgate, OH Northgate Northgate Mall Campus Development U Square at the Loop Short Vine • Mixed use – student apartments over 1st floor retail • Two projects completed - Views on Vine 104 units - Vine Street Flats – 32 units • First floor retail available. University Station - Xavier • Phase 1 to include Campus Book Store • 180 student apartments. • Planned 50,000 SF office • Seeking retail, restaurants Norse Pointe - NKU • Front door gateway to the Campus. • Seeking hotel, movie theatre, retail and restaurants • May include some student housing and offices. • Seeking development partner. For more info - Jeff Strunk NKU 859-572-6448 The End