Uptown Gateway Development
SE QUADRANT OF MLK/READING ROAD, CINCINNATI, OHIO
New “Front Door” of Uptown offers High-Visibility, Access, and an Innovative Environment
Terrex Development & Construction and Messer Construction Co. are developing a major mixed-use project that is located at the new interchange of Martin Luther King Drive and I-71. The project, named Uptown Gateway, will help define the new front door of the Uptown Innovation Corridor. The development represents a 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.
Anchor Tenant Announced for Uptown Gateway
On August 22, 2018, the University of Cincinnati announced Uptown Gateway as the home for its new UC digital futures building. UC is the first tenant at Uptown Gateway and will be housed in a 180,000 SFT building fronting I-71 and Martin Luther King Blvd.
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.
A Historic Opportunity
The vision for this project is to create a high density, urban, mixed use project that is defined by an iconic design and a thoughtful connection to the surrounding community. The development, when fully completed, will provide 480,000 square feet of office, a 125 to 200 room hotel, multifamily, retail, urban park and below-grade structured parking to serve the development. In addition to, and in conjunction with, UC’s digital futures building, the Uptown Gateway will provide an opportunity for the business community to co-locate their operations with the University and work collaboratively within a vibrant and innovative setting with some of the nation’s premier faculty and students. Ultimately, Uptown Gateway will be home to approximately 2,000 employees in the tech and innovation segment of various industries.
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. The team is focused on creating opportunities for the certified minority-owned businesses in our communities to grow and succeed. This includes involvement in everything from design and construction services, general services, and investment opportunities, to the workforce composition of this project. The 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.
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 2021.
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: Rusty Myers, JLL
- Architecture: GBBN Architects
- Civil: Bayer Becker
- Parking Garage Design: Desman