Archive for the Ackermann Group Category

Enter, Austin Park Apartments: Healthy, connected living near Dayton’s hottest spot, Austin Landing, holds three-day Open House/Clubhouse Grand Opening festivities this week ~ Thursday, Nov. 10, 2016 through Saturday, Nov. 12, 2016 ~ Roaming Boutique ~ Crooked Handle Brewery ~ Yoga Brunch and Bubbly Bar ~ http://www.liveaustinpark.com

Posted in Ackermann Group with tags , , , , , , , , , , on 11/06/2016 by @CincinnatiPR

austin-park-apartments-open-house-this-week-thursday-november-10-2016-thru-saturday-november-12-2016

Press Release – For Immediate Release 

Enter: The Austin Park Apartments Experience

Healthy, Connected Luxury Living near Dayton’s hottest spot, Austin Landing, where a new community and lifestyle launches with three days of introduction to Austin Park Apartments

Open House cranks up this Thurs. through Sat., 24/7 at LiveAustinPark.com.

Free Clubhouse perks: Fitness Center, Pool, Community BBQ Pit/Grilling Pavilion.

Bike/hike trails, programs with Miamisburg Parks and Rec, Fresh Air Fitness Series.

[DAYTON, Ohio ~ Miami Township ~ Austin Landing ~ Nov. 6, 2016] On this election eve, Ackermann Group of Cincinnati sends notice to Greater Dayton, Cincinnati, Ohio and the world: all are invited this week to the inaugural round of Open House festivities at the new Austin Park Apartments, a healthy, connected lifestyle featuring luxury apartments near Dayton’s hottest development, Austin Landing.

“An Austin Park Apartment is much more than an address in your life,” says Regional Manager Lauren Smith, “it’s your new place to connect, relax and recharge with the best of both worlds. We have Waldruhe Park as our neighbor, literally next door. Hop on one of our Shared Bikes to explore Austin Landing for what it’s best known for, and enjoy the entertainment, dining and shopping.”

The first round of the three-day Austin Park Apartments-palooza/Clubhouse Grand Opening (www.liveaustinpark.com) starts this Thursday, Nov. 10, kicking off with three days of fun and introductions.

Bring a friend, send a Tweet (@AustinPark45342) and of course find us on Facebook:

  • Thursday, Nov. 10, from 11 a.m. to 2 p.m. – join Sip, Shop and Lunch with Roaming Boutique, an online and mobile accessories store;
  • Friday, Nov. 11, from 3-6 p.m. – it’s the first-ever Perfect Pairings Happy Hour/sneak peek of the clubhouse and apartments with Crooked Handle Brewery and free swag bags for the first 25;
  • Saturday’s Yoga Brunch and Bubbly Bar on Nov. 12.

The first phase of Austin Park Apartments is right around the corner, opening in March 2017 at the Summit Point Drive site. Residents will enjoy studio apartments, 1- and 2-bedroom apartments, featuring private balconies and patios, granite countertops, set in a resort-style environment. Austin Park Apartments are crafted for connectivity and designed for the digital world.

For more information, please call (937) 249-0300, send an e-mail to austinparklm@ackermanngroup.com or visit www.liveaustinpark.com.

For media inquiries regarding Austin Park Apartments, please contact Andy Hemmer at (513) 604-5428 or andy@andyhemmer.com.

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Third-Generation Ackermann Group of Cincinnati Continues to Expand: in Greater Cincinnati, Dayton, Columbus, Indianapolis and Kentucky. Press Release! Photos! Video! @BusinessCourier story! ~~ http://www.ackermanngroup.com v. 2015 by @CincinnatiPR

Posted in Ackermann Group with tags , , , , , , on 08/31/2015 by @CincinnatiPR

PDF: Third Generation Ackermann Continues To Expand in Cincy Dayton Columbus Indianapolis and Kentucky – Press Release 8.31.15

Cincinnati Business Courier story published 8.28.15: BizCourier on Ackermann 8.28.15

on Cincinnati.com: Third Generation Ackermann Group Continues to Expand – Press Release 8.31.15

Third-Generation Ackermann Group Continues to Expand

Projections have Ackermann Group building, developing or acquiring 500 units annually.

Cincinnati-based Ackermann Group continues expansion in Greater Cincinnati, Indianapolis, Columbus and Dayton markets

Ackermann Group execs (left to right) Greg Long, Lasserre Bradley and Dobbs Ackermann ~~ Courier story: http://www.bizjournals.com/cincinnati/print-edition/2015/08/28/ackermann-group-turns-to-apartments-to-double-size.html

Ackermann Group execs (left to right) Greg Long, Lasserre Bradley and Dobbs Ackermann ~~ Courier story: http://www.bizjournals.com/cincinnati/print-edition/2015/08/28/ackermann-group-turns-to-apartments-to-double-size.html

[NORWOOD, Ohio ~ August 31, 2015] Seventy-five years after the Ackermann Group first opened shop as an apartment builder and single-family homebuilder in Cincinnati’s suburbs, this real estate services company is now a savvy force in its hometown and beyond, a third-generation builder and developer expanding across multiple Midwestern markets.

Ackermann Group of 2015 is a robust, diversified residential and commercial developer, looking to expand in major fashion by adding, building or buying as many as 500 apartment units annually.

Emphasizing the “Stay, Work and Play” mantra that the community-based developer has become, “growth today can come from several different avenues, whether by acquisition, new construction or value-add renovations,” says CEO Dobbs Ackermann of the Norwood-based company (www.ackermanngroup.com).

“There are just some incredible opportunities that we are seeing every day with our partners, investors and the communities; opportunities happening in the same places we’ve been fortunate enough to work previously, as well as in new markets,” said Ackermann.

Growth in such specific, defined terms only occurs when a slew of social and economic factors favorably align with a developer’s stars.

That mix of timing, cash and opportunity has particularly coalesced over the last year or so, as Ackermann Group gears up in its hometown and for a sustained Midwestern expansion into Dayton, Indianapolis, Columbus and eventually further south into Kentucky.

The path to progress for Ackermann Group has picked up with the following:

  • The Fort in Indianapolis, a 226-unit apartment complex recently acquired in Lawerence, Indiana;
  • The Flats at Fishers Marketplace is a $35 million, 306-unit multi-family residential new development connecting lifestyle and convenience north of Indianapolis;
  • Austin Park in south Dayton (Miamisburg, next to Austin Landing) will soon provide more than 226 luxury apartments ringed by commercial, retail and restaurants;
  • University Station in Cincinnati just recently delivered (late last year) a high-end community near Xavier University with 480 student housing residences, office and retail;
  • The hiring of Lasserre Bradley III as Vice President of Real Estate, to spearhead new development opportunities.
Ackermann Group on the @BusinessCourier app

Ackermann Group on the @BusinessCourier app

For more information about Ackermann Group, please call (513) 842-3100 visit www.ackermanngroup.com or send an e-mail to info@ackermanngroup.com.

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Third Generation Ackermann Group Continues to Expand - 8.31.15 press release by Andy Hemmer

Third Generation Ackermann Group Continues to Expand – 8.31.15 press release

THE FLATS AT FISHERS (NORTH INDY) IS NO LONGER ON FIRE: Ackermann Group of Cincy rebuilding – while still building, and opening new apartments – on the same site. 84 new units delivered last month (July 2015) ~~ http://www.liveflatsatfishers.com ~~ (317) 567-4949 ~~ Next phase to be delivered early 2016 ~~ and how, btw, can you get developers to smile like this?

Posted in Ackermann Group on 08/17/2015 by @CincinnatiPR
Ackermann Group of Cincinnati opens new 84-unit phase for The Flats at Fishers Marketplace ~ http://www.liveflatsatfishers.com

Ackermann Group of Cincinnati opens new 84-unit phase for The Flats at Fishers Marketplace ~ http://www.liveflatsatfishers.com ~ This photo was taken inside the new, rebuilt section of The Flats at Fishers, site of an unoccupied building fire earlier this year.

The fire’s out at The Flats at Fishers Marketplace.

Been out, since shortly after it started, earlier this year.

Yeah, it did some damage.

So what’s it take to get the developer, Ackermann Group of Cincinnati, to smile like this? (that’s COO Greg Long, left to right, with Vice President Ginger Collins and President/CEO Dobbs Ackermann):

  • a successful rebuilding program, on the same site, building with the same people in the same community;
  • a really, really good insurance company;
  • opening another wing of the same project last month – The Flats at Fishers Marketplace – offering the same unique, live-work-play environment and atmosphere;
  • leasing up about one-third of that new wing, which brings 84 new apartments to this booming suburb northeast of Indianapolis.

This is a major milestone for the Ackermann Group and for The Flats at Fishers,” said Dobbs Ackermann, president and CEO of Cincinnati-based Ackermann Group.

We were able to restart construction after a devastating fire of an unoccupied building, which will result in the delivery of a new building on the same site in early 2016.”

Ackermann Group designed The Flats at Fishers Marketplace with an eye on integration of services for the community within a lifestyle center, Fishers Marketplace.

The Flats is able to provide grocery shopping, restaurants, bars, retail and a host of amenities that are all within walking distance, as part of the service-based environment we’ve built around our residents,” Ackermann said.

After we had the fire in January, the community response was just unbelievable. We received tremendous support from the Fishers and surrounding fire departments, and people were literally calling us every day wishing us encouragement, and continuing to welcome us to Fishers,” Ackermann added.

We were able to get cleaned up pretty quickly and get back to work on construction. We feel extremely grateful that nobody was hurt. We feel as if all that community support will lead us to a very bright future, for us and our partners and the whole community here at The Flats.”

For more information about Ackermann Group, please call (513) 842-3100 or visit http://www.ackermanngroup.com. The Flats at Fishers Marketplace can be reached at (317) 567-4949 or by visiting http://www.liveflatsatfishers.com.

For media inquiries, please contact Mr. Andy Hemmer at (513) 604-5428 or andy@andyhemmer.com.

 

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OFFICIAL PRESS RELEASE: The Flats at Fishers Marketplace opens today: Ackermann Group ribbon-cutting 3:30 p.m. ~~ ‘Choices, Connected Luxury, Indy Living and You’ ~~ http://www.liveflatsatfishers.com

Posted in Ackermann Group with tags , , , , , , , , on 10/08/2014 by @CincinnatiPR

Press Release – For Immediate Release: Ackermann Group of Cincinnati opens The Flats at Fishers Marketplace today in Indianapolis – 10.8.14 Press Release by Andy Hemmer

Ackermann Group of Cincinnati opens The Flats at Fishers Marketplace today in Indianapolis http://www.liveflatsatfishers.com

Ackermann Group of Cincinnati opens The Flats at Fishers Marketplace today in Indianapolis http://www.liveflatsatfishers.com

The Flats at Fishers Marketplace Opens Today

Choices, Connected Luxury, Indy Living and You

The Flats at Fishers Marketplace Offers High-End Apartment Homes, Flexibility in Living, at a Walkable Community Where Works Meets Play. And Vice Versa.

ONE Ackermann Group of Cincinnati opens The Flats at Fishers Marketplace - PR and photography by Andy Hemmer

Walkable and Liveable: The Flats is connected to dining, services, retail and entertainment, right next door.

[INDIANAPOLIS, Indiana ~ Oct. 8, 2014] Ackermann Group of Cincinnati today unveils a $35 million, choice-oriented, connected style of living with an integrated, walkable, community-within-a-community just north of Indianapolis, The Flats at Fishers Marketplace (www.liveflatsatfishers.com).

The four-building, 306-unit luxury apartment complex is engaged – quite literally, connected by sidewalks and pedestrian pathways – to the wildly popular Fishers Marketplace in Fishers, Indiana.

The Flats was built on an 18-acre portion of the 105-acre Fishers Marketplace, situated in Fishers, near Carmel and Noblesville and Interstate 69, bringing 325,000 square feet of home choices costing between $763 and $1,325. Options include studio living as well as 1-, 2- and 3-bedroom choices.

SEVEN Ackermann Group of Cincinnati opens The Flats at Fishers Marketplace PR Photography by Andy Hemmer

The first of four buildings at The Flats will be christened today with a ribbon-cutting and official opening ceremony hosted by Ackermann Group CEO Dobbs Ackermann, his partner Dan Rolfes and the Mayor of Fishers, Scott Fadness, from 3:30-6:30 p.m.

Media members are invited to attend; the actual ribbon-cutting activity and remarks portion will be conducted at 3:45 p.m. sharp.

The Flats at Fishers: Today’s Market Seeks Choices, Connectivity.

Today’s renters want choices and connectivity to their neighborhood,” said Ackermann, opening his family-owned company’s first new community in the Indianapolis market.

They seek amenities to accommodate their desire to expand living spaces, both within the living space and without, which is why we’ve created The Flats with a highly connected and sociable design.”

The amenities enticing the renter by choice are in high demand:

  • Clubhouse with coffee bar, game tables and a business center;
  • Fitness center with its own yoga studio;
  • Resort-style pool, cabanas, BBQ grills, bocce ball court;
  • Private garages, free wi-fi internet access and bike storage;
  • Proximity to Nickel Plate District Amphitheater, Nickel Plate Trail, Ritchey Woods Nature Preserve, Pinheads Entertainment Complex, Fishers Train Station, and Forum at Fishers.

FIVE Ackermann Group of Cincinnati opens The Flats at Fishers Marketplace PR Photography by Andy Hemmer

The Flats at Fishers Marketplace will be an exciting, walkable, integrated community, where residents are truly connected to their neighborhood. That’s why we created choices such as adding dens to our 1- and 2-bedroom homes, which can be used as optional living space or entertainment areas,” said Ackermann.

TWO Ackermann Group of Cincinnati opens The Flats at Fishers Marketplace PR Photography by Andy Hemmer

We also have amenities that accommodate today’s renter’s desire to expand their living space, and be sociable, with outdoor gathering spots such as a poolside cabana with a premium sound system, a bar area and bocce ball court,” Ackermann said.

Ackermann Group recently opened another high-end housing option in its Cincinnati hometown near Xavier University, dubbed University Station. The Flats at Fishers Marketplace won’t be the last of Ackermann Group’s investments in The Circle City.

Fishers Community Shines in Hoosier Country

There are 451 acres of parks in Fishers, which hosts innumerable summer music festivals and the annual Flavor of Fishers Festival, where local restaurants showcase their finest fare. The community is rich with parks, museums, art and music amenities, all contributing to an exceptional quality of life and cultural diversity.

Fishers has received a number of national accolades recently, for a host of reasons. The community has been recognized for its reasonably priced housing stock, the Fishers school system, one of the top school systems in the State of Indiana; and seamless access to Downtown Indianapolis, located about a 30-minute drive away.

Fishers was ranked amongst “The 25 Best Neighborhoods For Young People” by Business Insider earlier this year. Location Inc. magazine recently named Fishers the safest city in Indiana, and the 19th safest in the nation. In 2012, Money Magazine ranked Fishers 12th out of the top 100 small cities in the U.S.

About Ackermann Group

Ackermann Group started in the 1940s as a Cincinnati-based builder of single-family homes and multi-family buildings, proceeding to land development, residential/commercial remodeling, urban renewal and redevelopment, as well as mixed-use office, retail and residential projects. Now in Cincinnati, Columbus and Indianapolis, Ackermann Group seeks to combine quality of life with community growth, applying an extensive real estate knowledge with a commitment to excel. For more information, please visit www.ackermanngroup.com or call (513) 842-3100.

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 Contacts:

Dobbs Ackermann                                      Scott Fadness

President and CEO                                         Mayor

Ackermann Group                                      City of Fishers, Indiana

dobbs@ackermanngroup.com                       fadnesss@fishers.in.us

(513) 842-3100

INDIANAPOLIS MEDIA ALERT: The Flats at Fishers Marketplace, $35M luxury apartment living from Ackermann Group of Cincinnati, holds official ribbon-cutting and opening event tomorrow Wednesday Oct. 8 2014 3:30 p.m. ~~ http://www.liveflatsatfishers.com

Posted in Ackermann Group with tags , , , , , , , , on 10/07/2014 by @CincinnatiPR

Indy Media Alert – Ackermann Group of Cincy opens The Flats at Fishers Marketplace Wednesday October 8 2014

INDIANAPOLIS MEDIA ALERT - Ackermann Group of Cincy opening The Flats at Fishers Marketplace - http://www.liveflatsatfishers.com

INDIANAPOLIS MEDIA ALERT – Ackermann Group of Cincy opening The Flats at Fishers Marketplace – http://www.liveflatsatfishers.com

Ribbon-Cutting and Official Opening tomorrow:

The Flats at Fishers Marketplace, new $35M Upscale Apartment Community in Fishers, Indiana, courtesy of Ackermann Group of Cincinnati

Who: Ackermann Group CEO Dobbs Ackermann welcomes Fishers Mayor Scott Fadness, partner Dan Rolfes, Community Friends, Partners in Fishers, Indiana.

What: Ribbon-Cutting and Official Opening of The Flats at Fishers Marketplace, upscale apartment living developed by Ackermann Group (www.ackermanngroup.com) of Cincinnati.

Where: 9588 Ambleside Drive, Fishers, IN 46038 – First of four apartment buildings, opening 60 percent leased, projected to be at 90 percent leased by year-end – www.LiveFlatsAtFishers.com – Second building to open in early 2015; project completion July 2015.

When: Tomorrow, Wednesday Oct. 8, 20143:30 p.m. to 6:30 p.m.

Ribbon-Cutting and Remarks: 3:45 p.m. SHARP

Ackermann Group of Cincinnati opening The Flats at Fishers Marketplace tomorrow Wednesday October 8 2014 - http://www.liveflatsatfishers.com

Ackermann Group of Cincinnati opening The Flats at Fishers Marketplace tomorrow Wednesday October 8 2014 – http://www.liveflatsatfishers.com

[INDIANAPOLIS, Indiana ~ Oct. 7, 2014] Come join us tomorrow for our big celebration in Fishers!

Ackermann Group of Cincinnati is unveiling its first new community in Indianapolis, The Flats at Fishers Marketplace (www.liveflatsatfishers.com), with a Ribbon-Cutting and Official Opening event tomorrow, Wednesday, Oct. 8, from 3:30-6:30 p.m.

Ackermann Group CEO Dobbs Ackermann will be welcoming the Mayor of Fishers, Scott Fadness, as well as project partner Dan Rolfes. Officials are scheduled for the actual ribbon-cutting and public remarks at 3:45 p.m. sharp.

Press Contacts:

Dobbs Ackermann, CEO of Ackermann Group (513) 842-3100 dobbs@ackermanngroup.com

Scott Fadness, Mayor of The City of Fishers, Indiana fadnesss@fishers.in.us

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‘UNIVERSITY STATION GAINING STEAM’ ~~ Ackermann Group Q-and-A on ‘Affinity Tenants,’ the XU Entertainment District, and the hottest redevelopment and mixed-use (office/retail/residential) project in Greater Cincinnati ~~ Teased on Page 1 in your Cincinnati Business Courier and featured in ‘Structures,’ specialty pub for the built environment ~~ thx, @BusinessCourier and @TomCinciBiz! ~~ http://www.AckermannGroup.com

Posted in Ackermann Group with tags , , , , , , , , , , , , , on 05/20/2014 by @CincinnatiPR

UNIVERSITY STATION GAINING STEAM

OFFICES FILLED FOR 1ST PHASE AS SETTING NEAR CAMPUS PULLS IN TENANTS

Even before the first phase of development at University Station was complete, all 46,000 square feet of office space were leased.

University Station is a $54 million mixed-use development on 15 acres near Xavier University in Evanston. The 315,000-square-foot project, which is being developed by Ackermann Group and Messer Construction Co., also includes retail space and student housing.

But with strong demand for office space, Dobbs Ackermann, CEO of Ackermann Group, is looking at even more office space in Phase iI. Dobbs weighs in on what drove demand, how the rest of the development will come together and the larger trend of office users seeking out mixed-use space:

Cincinnati Business Courier: University Station has leased all of its office space. What drove the demand?

Dobbs Ackermann, Ackermann Group: University Station is attracting an office tenant that is looking for a central location, a campus environment and has interest in being connected to a growing and respected Xavier University.

Cincinnati Business Courier: Will you adjust the mix of office space for Phase II, based on demand for the first phase?

Dobbs Ackermann, Ackermann GroupThe Phase II portion of the development calls for up to 250,000 more square feet of office. We believe the market will absorb that amount of square feet given the overall project dynamics. The development team of Messer Construction Co. and Ackermann Group, along with a group of local investors, and Xavier are bringing a vision to life that has created an on-campus experience, adjacent to campus. The energy that is garnered from the student environment and the transformation of a community is a major driver in the office environment that is being created.

Cincinnati Business CourierWhy are office users attracted to mixed-use developments?

Dobbs Ackermann, Ackermann Group: Office users today are attracted to mixed-use developments because they are planned for the way people want to live, work and play. Parking is convenient, office spaces are efficient and healthy, and the entertainment element is an integral part of the lifestyle built into the development. Mixed-use today is healthy, efficient, safe and walkable – all of which makes for a more productive work environment. Our goal as a development team is to help make the users of our developments more successful. We do that with thoughtful planning and details that foster business.

Cincinnati Business CourierAside from the tenants that signed leases, what other type of tenants have shown interest?

Dobbs Ackermann, Ackermann GroupWe are calling our interested tenants “affinity tenants.” Everyone to date has had an interest to be a part of the Xavier growth and momentum. They are interested in being connected to students for internships, to the classrooms for programming or to the campus for the electric environment that students bring. The site has had tremendous interest due to its ability to attract large or small users – 5,000 to 150,000 square feet.

Cincinnati Business Courier: What made this a good site for redevelopment?

Dobbs Ackermann, Ackermann Group: If you look at the Interstate 71 corridor you will see that between Oakley and Clifton, major redevelopment has already taken place (in the range between $50 million and $100 million developments). Rookwood Exchange, Center of Cincinnati, Linden Point, Cornerstone, Keystone, etc. This site is in the center of all that development. From a bird’s eye view, if you look at I-71, this property and the surrounding area represent the hottest pocket for redevelopment. South Norwood and Evanston have amazing infrastructure. There are major road arteries, there is highway access, there is market for office, retail and residential. We are looking to build an entertainment district for the area that isn’t currently there, and our prediction is that over the next five years, this area will become the hottest redevelopment market in all of Cincinnati.

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Graeter’s, Starbucks and the XU Bookstore: Ackermann/Messer announce first retail wave at University Station in Evanston (Cincinnati), $54M mixed-use center near Xavier University

Posted in Ackermann Group with tags , , , , , , , , , , , , , , , , , , on 05/08/2014 by @CincinnatiPR

Press Release: University Station from Ackermann Group and Messer Construction announces first Retail – Press Release – 5.7.14

UNIVERSITY STATION, MIXED-USE MECCA BROUGHT TO YOU BY ACKERMANN GROUP, MESSER CONSTRUCTION CO. AND XAVIER UNIVERSITY, ANNOUNCES RETAIL TENANTS

Retail Space in New Cincinnati Development at Xavier University Now 40% Leased

{link to Business Courier story on University Station retail}

{link to Cincinnati Enquirer story on University Station retail}

University Station from Ackermann Group and Messer Construction announce first round of retail XU Bookstore Graeters Starbucks

 

{CINCINNATI, OHIO} – The first wave of retail to reign upon (and from) the hottest spot in Greater Cincinnati  is a collegiate delight of schoolbooks, scones, lattes, Musketeer swag, Starbucks and that oh-so-Cincinnati favorite, Graeter’s Ice Cream.

University Station, a mixed-use mecca brought to you by Ackermann Group and Messer Construction Co. will include nationally renowned Follett Corp. of Illinois, $2.7 billion operator of bookstores nationwide including the Xavier University Bookstore, a Starbucks within the bookstore and Graeter’s, making University Station Phase I 40 percent leased.

University Station from Ackermann Messer announces Retail - 5.7.14 photo ONE

University Station, located adjacent to the Xavier University campus at Dana and Montgomery roads straddling Norwood and Evanston, is scheduled to open in August. It will bring new student housing – which is 93 percent leased, ample parking and a friendly mix of retail and office tenants to augment life in and around the neighborhood.

We are thrilled to have the opportunity to expand from campus into the Xavier neighboring community,” said Michael Hubbard, Director of the Xavier University Bookstore. The new store will nearly double the size of the current on-campus store and offer robust assortments of technology, supplies, clothing and gifts as well as a full-service Starbucks with a large seating space.

University Station from Ackermann Messer announces Retail - 5.7.14 photo TWO

The new space contributes greatly to our mission to maximize customer access to needed materials, as well as service as a central hub for the local community,” Hubbard said.

We are excited to be a part of the Xavier community,” said Chip Graeter, fourth-generation owner of Graeter’s. “We are looking forward to serve the students and neighborhood our handcrafted ice cream for years to come.”

University Station is a 315,000-square-foot mixed-use development at Montgomery Road and Cleneay Avenue, adjacent to the Xavier campus. Named for the rail line that runs through the site, University Station is designed to be a vibrant connection point for neighboring residents and students, employees of the university and the broader community. It is located on a 15-acre site that is connected by a neighborhood street grid.

The first phase of the $54 million development will be completed in August 2014 and includes 46,000 square feet of office space, 39,000 square feet of retail11,000 square feet for the Xavier University bookstore — 1,000 parking spaces and a 225,000-square-foot, 479-bed, 178-unit apartment complex to service Xavier students and the local community. Interest in the development is strong with 40 percent of retail and 90 percent of apartments leased.

University Station from Ackermann Messer announces Retail - 5.7.14 photo THREE

Office space is 100 percent leased to TriHealth (Bethesda Family Practice, Queen City Physicians) and CTI Clinical Trial and Consulting Services.

Planning for University Station Phase Two is underway and will include significant additional office space, more new retail and possibly a hotel on the remaining 300,000 square feet of property.

University Station is spurring a revitalization of the community, that’s been a long time in the making. It’s an exciting time for those who live, work and study in the area, and we’re looking forward to move-in later this summer for our tenants and apartment residents,” said Dobbs Ackermann, CEO of Ackermann Group.

The project is being financed by a lead loan from U.S. Bank and through an allocation of New Market Tax Credits (NMTC) from local and national sources currently being finalized. In addition, the project will use funds from a City of Norwood Tax Increment Financing (TIF) District to help finance the required public improvements.

University Station is a transformative project in a variety of ways,” said Michael J. Graham, S.J. president of Xavier University. “Our upper class and graduate students will have the option to live off campus in new market rate apartments within walking distance to campus, a larger bookstore with a Starbucks will make it a destination not just for students but the entire community and our office tenants, TriHealth and CTI will be tremendous academic and community partners.”

The land is owned by XUPROP CO and leased for 95 years to a Ackermann/Messer entity, with the buildings and other improvements owned by the developer as well. The project is an off-campus project intended to serve the University and larger community and create a welcoming environment for the whole neighborhood.

University Station from Ackermann Messer announces Retail - 5.7.14 photo FOUR

Project partners include:

Developer: Ackermann Group and Messer Construction Co.

Construction: Messer Construction Co.

Architect: Costandi Studio, LLC

Residential Architect: Humphreys & Partners, LP

Civil Engineer: The Kleingers Group

Landscape Architect: Martin Koepke Design

Retail leasing: Jeffrey R. Anderson Real Estate

Commercial leasing: CBRE

About Messer Construction Co. Messer Construction Co. is a construction manager and general contractor providing leadership for complex commercial building projects. Founded in 1932, Messer has built a premier reputation through outstanding construction experiences and value with a focus on health care, life sciences, higher education and industrial markets. An employee-owned company, Messer ranks nationally as one of the premier health care builders and Top 100 largest contractors. Messer was honored with the 2009 International Torch Award for Marketplace Excellence by the Council of Better Business Bureaus for superior commitment to exceptional standards that benefit customers, employees, suppliers and surrounding communities. In fiscal 2012, Messer put in place more than $792 million in commercial construction. www.messer.com.

About Ackermann Group Ackermann Group is a third generation real estate company based in Cincinnati, Ohio that focuses on real estate acquisitions, urban redevelopment and property management operations. Ackermann Group strives to be among the most respected real estate companies in the region by providing lasting value to communities, residents, businesses, and investors through integrity, reliability and commitment. Ackermann Group’s mission is to foster renewed viability and profit for underperforming or underdeveloped real estate assets through strategic, long-term partnerships. By initiating and cultivating relationships between public and private entities, the company facilitates the redevelopment and long-term stabilization of real estate assets. Capabilities include acquisitions of commercial real estate; development of residential, commercial, retail, and mixed-use projects; residential and commercial property management; and receivership services. www.ackermanngroup.com.

About Xavier University Xavier University is a private university located in Cincinnati, Ohio, providing a liberal arts education in the Catholic, Jesuit tradition. Founded in 1831, the university is the sixth-oldest Catholic university in the nation. U.S. News & World Report ranks it No.4 among master’s-level universities in the Midwest, and The Princeton Review names it as one of the “Best 377 Colleges in America.” www.xavier.edu.

MEDIA CONTACTS:

Jessie Folmar, Messer Construction Co., 513.482.5369 (o), 513.518.3147 (c), jfolmar@messer.com

Kelly Leon, Xavier University, 513.745.3877 (o), 513.235.3836 (c), leon@xavier.edu

Andy Hemmer, Ackermann Group, 513.604.5428 (c) andy@andyhemmer.com

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