North American Properties has begun the process of re-activating and reenergizing the sizable development property of Newport on the Levee.
Chief Investment Officer Tim Perry said the company is taking another step to create a walkable, mixed-use experience.
“There is no better time to reimagine this vibrant riverfront destination,” Perry said. “The walkable community, panoramic views, and regional draw have created the opportune moment to enhance the genuine guest experience, working with existing attractions and tenants as well as new restaurants and retailers seeking such an inviting place to embrace Northern Kentucky and Cincinnati.”
As reported in May 2018, North American Properties set its sights on visualizing what Newport on the Levee could be.
Earlier this year, North American Properties selected the team at Reztark Design Studio to help create this vision. J.S. Held, led by Michael Collins and Michael Thiess, acts as Owner’s representative to coordinate project related efforts with the investment team, design professionals, construction manager, operations staff and tenants.
As a continuation of that process they sought out partnerships from a construction perspective, subsequently selecting Turner Construction as the Construction Manager to lead the physical redevelopment.
“We are envisioning the possibilities of dynamic indoor and outdoor spaces for activation and events as well as the interplay of long-term relevant tenant relationships, both existing and new, to provide a year-round venue that attracts people that live, work and play in the region,” said Brett Kratzer, president of Reztark Design Studio.
“Adaptability, flexibility and an unwavering mission to provide an enhanced guest experience, will be the key components during this process as we seek to maintain the occupancy of the current tenants leasing space within the Newport on the Levee development,” said Tim Perry of North American Properties. “We have found a construction partner that has a proven history of being nimble and reliable in such circumstances.”
Turner Construction’s selection as Construction Manager builds up an existing relationship with North American Properties at Court and Walnut, and follows their recent completion of the $156M renovation of the Cincinnati’s iconic Union Terminal.
“We are thrilled for the opportunity to work with North American Properties, J.S. Held and Reztark in the revitalization of such a prominent development in our area,” said David Spaulding, Turner Construction. “The impact of this project will be far greater than anything anyone can imagine. This team is focused on developing the future of this destination.”
Newport on the Levee has become a regional draw, with more than 3.5 million annual visitors. The development includes about 380,000 square feet of space, 55,000 square feet of which is office space.
The Levee also has a relationship with Herschend Family Entertainment Corp., the owner of the neighboring Newport Aquarium.
North American Properties is a privately held real estate operating and development company that has acquired, developed and managed more than $7 billion of mixed-use, retail, multifamily and office properties in the U.S.
Headquartered in Cincinnati with offices in Atlanta, Dallas and Fort Myers, Fla., the company has developed 22 million square feet of commercial space and 19,000 residential units in 15 states and 67 cities.
North American Properties
