07 Oct Oakley Station is Cincinnati’s Newest mixed use development!
Getting a new mixed-use development is like getting a Christmas present for most Cincinnati Real Estate Agents. It has the ability to completely redefine an area in terms of home prices, clientele, and marketing opportunity. And for those people who live near these communities, it drastically increases your options for living, dining and entertainment.
The Oakley/Norwood area has been blowing up when it comes to new mixed use developments. Over the past 8 years, South Norwood has developed the Rookwood Shopping Center, Linden Pointe (where Montgomery Road meets the Norwood Lateral) and have finally made a great bit of progress with the 2nd phase of Rookwood, that was famously held up for years due to imminent domain litigation.
A new development within a 1/4 mile of Rookwood that is finally seeing progress is Oakley Station. Situated just off of where I-71 hits the Norwood lateral, this development can be accessed from Madison Road, the Norwood Lateral Ridge Rd exit, or the Kennedy Connector, which is currently in progress connecting I-71 S. For those of you very familiar with the area, it’s right next to Crossroads Church and behind Target/Meier/Sams Club. This 74 acre development was previously home to one of the largest machine tool companies in the world – Milacron.
This development has been trying to get off the ground for nearly a decade. In 2005, it was named “Millworks”. This $300 million project was designed to keep the original character of this once industrial location and slated to feature the same amenities that exist in today’s Oakley Station – but also had a letter of intent to become the 2nd location for Jungle Jims. This development never took off as a result of a weakening economy and internal city politics that failed to support a redesign. Jungle Jims opened it’s 2nd location in Eastgate in 2012.
Oakley Station is up and running with plans to provide 225,000 sq feet of retail space, 300,000 sq feet of office space and over 300 apartment units. There is a newly opened Cinemark Theatre that features 14 screens and “extreme” digital capabilities (whatever that means). Plans are also in the works for a Kroger Marketplace store to anchor the development and feature a bistro restaurant, large natural and fresh food options, and sections dedicated to home decor and toys.
Four huge luxury apartment buildings have also been erected with beautiful facades. Their 1 bedroom apartments will range from $975/mo to $1575/mo. Two bedrooms will ranch from $1695/mo to $2045/mo. Amenities will feature a resort-style pool and deck, fitness center, club room, business center and a game room. As a Cincinnati Real Estate agent, I can assist should you be interested in learning more. These apartments are perfect for high earners with short term plans to stay in Cincinnati OR for high earners who desire to live really close to an “extreme” digital cinema.
So next time you’re looking for a change in your weekly routine, make sure to visit both the new Rookwood Development as well as the Oakley Station development and let me know your thoughts.