Opportunity 1401 Dixie Highway, Covington, Kentucky 41011 38.45 Acres Table of Contents

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SITE ACQUISITION OPPORTUNITY 1401 DIXIE HIGHWAY, COVINGTON, KENTUCKY 41011 38.45 ACRES TABLE OF CONTENTS

Introduction 3 Site Overview 4 Area Overview 7 Area Map 8 Regional Overview 11 Region at a Glance 12 Incentives 14 The Process 14

INVESTMENT INTRODUCTION This site is an unparalleled opportunity OVERVIEW for development right on the outskirts of central Covington. Located on the SITE ADDRESS: slope of one of Northern Kentucky’s 1401 Dixie Highway many rolling hills, the distinct topography Covington, KY 41011 allows for incredible views of Downtown Cincinnati and Downtown Covington. TOTAL AREA: 38.4527 acres In addition, the site’s location allows for immediate access to I-71/I-75 via Dixie PARCEL ID: Highway, which transitions into W. Pike 041-30-00-022.00 Street as it moves eastward into Covington. 041-30-00-023.00 The proximity to the highway puts the site within minutes of downtown and other ZONING: nearby shopping centers. RU-2B (Urban Residential) Prime for a residential or mixed-use UTILITIES: development, this is quite possibly the last Electric, Water, Sewer, Natural large developable site in the immediate area. Gas

ASKING PRICE: Property Website $5,995,000 nku.edu/Covingtonpropertysale

2 | 1401 Dixie Highway, Covington, Kentucky 41011 Site Aquisition Opportunity | 3 SITE OVERVIEW

ABOUT THE PROPERTIES: Comprised of two properties, this approximately 38.45 acre site is a prime opportunity for a residential or mixed-use development, and is perhaps the last developable site with such stunning views. Located on the slope of one of the area’s many rolling hills, the site offers unobstructed views of the Downtown Cincinnati and Covington skylines on both sides of the Ohio River. The site has two existing points of entry, one from Dixie Highway and the second from Mt. Allen Road.

The site’s natural landscape features significant tree canopy cover creating a quiet park-like setting and acting as a buffer for neighboring properties. The surrounding area is primarily residential with some secondary commercial uses. The east side of the property is bordered by the I-71/I-75 corridor, with potential for visibility of signage from the highway. W Pike Street

1401 LOCATION: The site is located at 1401 Dixie Highway in the city of Covington, Kentucky, bordering the city of Park Hills, Kentucky. It is approximately 1.5 miles from Cincinnati’s central business district, and is within close proximity of central Covington, Newport, and Devou Park. The site offers incredible access to I-71/I-75 1401 1401-A via Dixie Highway and West Pike Street (exit 192). The site’s central location puts the region’s major shopping, entertainment, and employment centers all within a few minutes drive.

PROPERTY DETAILS: 1401 1401 Dixie Highway, Covington, KY 41011 Dixie Highway Total Area: 21.7502 acres

Parcel ID: 041-30-00-022.00

Zoning: RU-2B (Urban Residential)

Ownership: Northern Kentucky University

1401-A Dixie Highway, Covington, KY 41011 Total Area: 16.7025 acres

Parcel ID: 041-30-00-023.00

Zoning: RU-2B (Urban Residential) Property Website Ownership: NKUF Properties 5, LLC nku.edu/Covingtonpropertysale

4 | 1401 Dixie Highway, Covington, Kentucky 41011 Site Aquisition Opportunity | 5 AREA OVERVIEW

TRANSPORTATION & ACCESS: The area is serviced by a network of local and state highways and interstates. I-71/I-75 to the south connect to local commerce centers Crestview Hills and Florence, and major Kentucky cities, Louisville and Lexington. To the north, I-71 connects to Downtown Cincinnati and Kenwood Towne Center, and to the cities of Blue Ash, Mason, and Columbus, Ohio. I-75 leads to West Chester Township and Dayton, Ohio.

Cincinnati/Northern Kentucky International Airport is about a 10 minute drive from the site via I-275. CVG is the top- growing airport in the country with overall passenger volume having increased a total of 63 percent in the last three years. Cargo volume has also increased more than 110% since 2011, making CVG the fastest-growing cargo airport in North America. CVG offers non-stop daily air service to nearly 100 domestic and international destinations.

The Transit Authority of Northern Kentucky (TANK) operates and maintains a series of local and express busses and trolleys throughout Northern Kentucky. The Dixie Highway/Florence route stops adjacent to the site and runs south throughout Florence, and north to central Covington and Downtown Cincinnati.

AMENITIES: Devou Park is a short distance from the site and offers scenic panoramic views of the city skyline and Ohio River, impeccably maintained lawns and gardens, recreation areas, and a network of walking and bicycle trails. Covington’s urban core has a strong stock of historic architecture and a diverse selection of cultural and entertainment venues and events. MainStrasse Village in Covington has streets lined with revitalized German houses, eclectic retail shops, restaurants, and a calendar of public events that stretches through every season of the year.

COVINGTON: PARK HILLS: Founded in 1815, Covington is the fifth largest city and The city of Park Hills is adjacent to Covington to the has the second largest collection of historic structures southwest. Park Hills is a smaller community than in Kentucky. There are seven historic districts including Covington, and is characterized by quiet residential streets. Licking-Riverside, MainStrasse Village, and Wallace The rolling hills and lush green landscape lend a more park- Woods, each with its own well known identity and unique like suburban setting to this community. characteristics. Park Hills has been designated as one of the most desirable Covington is bordered to the north by the Ohio River and to neighborhoods to live in by Cincinnati Magazine. Residents the east by the Licking River. Covington’s central business and business owners take pride in the unique, quality homes district is home to many businesses, restaurants, culture and structures. A significant portion of the city has been and arts enters, and some of Kentucky’s premier attractions listed on the National Register of historic places. including the John A. Roebling Suspension Bridge, St. Mary’s Cathedral Basilica of the Assumption, Behringer- Crawford Museum, Carnegie Visual & Performing Arts Center, Railway Museum, Madison Theater, and Devou Park. The riverfront is marked with multiple office and apartment towers, and offers scenic views of Downtown Cincinnati on the opposite bank of the river. Photo Credit: KentuckyTourism.com

6 | 1401 Dixie Highway, Covington, Kentucky 41011 Site Aquisition Opportunity | 7 Central Ave

Elm St John St

Main St E 13th St Ofallon Ave Warsaw Ave Walnut St MT ADAMS Ward Ave Maryland Ave Vine St Reading Rd Dayton Ave

Linn St Walnut St Wilder Ave Gest St Ave Dalton Dayton Pike

Price Ave Cutter St

State Ave W Central Pkwy N Fort Thomas Ave STORRS Mill Creek W Court St Evans St W 8th St W 9th St Mt Hope Ave AREA MAP BELLEVUE 8th St W 9th St W CINCINNATI Lafayette AveTaylor Ave

Warsaw Ave 7th St W Broadway St W75 7th St Lincoln Rd GestSt

Race St 9 Main St 8 Riviera Dr

Riverboat Row Covert Run Pike Rossford Ave Taylor Ave Elberon Ave 3rd St W 71 Park Ave Scenic View Dr 3rd St W 10 Donnermeyer Dr

Overton St Bonnie Leslie Ave River Rd Pete Rose Ave W 11 Mehring Way W 7 E 6th St Waterworks Rd LUDLOW 6 Monroe St Altamont Rd OHIO E 4th St Oak St Saratoga St KENTUCKY E 4th St Adela Ave E 7th St Pavilion Pkwy Central Ave WOODLAWN Ohio River

Columbia St

WEST COVINGTON 5 E 8th St E 9th St 12 Chesapeake Ave Oak St Laurel St Hazen St Putnam St Taylor Ave W 3rd St Patterson St

Madison Ave

Sanford St Orchard St Russell St Brighton St

W 9th St

4 t

S W 10th St

471

i h

KENTON HILLS p

l W 7th St

a l

Pleasant Run Creek i

h Highview Dr

P Highland Hills Park Main St Devou Park Rd NEWPORT 3 New Linden Rd Mayfield Ave Devou Park Golf Course W 9th St COVINGTON

Madison Ave Main St Rotary Ln W 13th St Pike St Joyce Ave 2 75 Newman Ave Montague Rd 71 Garrard St

BanklickSt

Bromley Crescent Springs Rd E 15th St Linden Ave Highwater Rd Russell St Jackson Rd Kentucky Dr Bluegrass Ave 1 1401 Dixie Highway (Site) 7 Paul Brown Stadium

e Holman Ave Grandview Ave v

Audubon Rd A

2 Devou n Park & Golf Course 8 Duke Energy Convention Center

1 a Mt Allen Rd l

E 17th St a Highland Ave SITE 3 Behringer-CrawfordO Museum 9 Fountain Square Summit Ave PARK HILLS Jefferson Ave e E 18th St v 4 MainStrasseA Village & Goebel Park 10 Great American Ball Park

Fort Henry Dr s 5 Northerna Kentucky Convention Center 11 Newport on the Levee & Newport Aquarium 1:18,050 E

Madison Ave W Walnut St 0 0.2 mi Edgecliff Rd 6 Smale Riverfront Park 12 Newport Pavilion Shopping Center Aspen Ct Amsterdam Rd SOUTHGATE 0 0.35 km N Steel Plant Steel N General Dr Morris Rd N W 19th St Evergreen Cemetery HERE, Esri Military Pkwy 8 | 1401 Dixie Highway, Covington, Kentucky 41011 Site Aquisition Opportunity | 9 REGIONAL OVERVIEW

THE MOST ACCESSIBLE MIDWEST CITY: The site is a short distance from central intersections for the region’s highway system. This includes I-75 which is a major Midwest route from Michigan to Florida, carrying almost 160,000 vehicles a day. I-75 along with I-71, I-70, I-74, I-65 and others, connect Greater Cincinnati to the region’s largest cities. This strategic location has allowed this nineteenth-century boomtown to compete with other larger Midwest cities to become a major hub for businesses across Lake Superior Québec all sectors.

Algonquin Provincial Park j Combined with below average cost of living, diverse landscapes, deep history, and rich culture, Greater Cincinnati has Ottawa Montréal ] become home to more than 2 million residents and continues to grow. Minneapolis St Paul Lake Huron

Adirondack Park S j E Toronto IL Lake Ontario M 0 Rochester 0 Milwaukee FAST GROWING ECONOMY: 6 Grand Rapids Buffalo Albany Detroit Boston Cincinnati is among the fastest-growing major metro regions in the United States, outpacing overall US growth in 2017. Chicago Lake Erie S Providence The region has the 28th largest economy in the US and stakes its claim as the largest economy in the state of Ohio. Des Moines E IL Cleveland Omaha M Cincinnati is home to the headquarters of nine Fortune 500 Firms, and more than 400 other companies have a presence 0 0 3 New York in the region. The largest employment centers are Downtown and Uptown. Pittsburgh Columbus Philadelphia Indianapolis Similarly, Northern Kentucky is a significant contributor to Kentucky’s population and economic growth. In fact, the Baltimore Northern Kentucky area has one of the fastest growing populations in the state. As the home to CVG, the region’s largest UNITED STATES Kansas City CINCINNATI Washington ] St Louis airport and distribution center, Northern Kentucky continues to offer competitive business advantages and has added a Louisville significant number of jobs and capital investments over the last several years.

Richmond

Norfolk

Nashville Knoxville Greensboro Raleigh TOURISM BOOM: Oklahoma City Charlotte Greenville Whether a local making the short trip to the urban core for an afternoon, or a newcomer coming through town for a weekend vacation or a week-long business conference, the list of things to do never ends. Downtown thrives with live

Atlanta concerts, museum exhibitions, street art, marathons, bars, restaurants, parks, and a full slate of performing arts. These deep-rooted cultural and social amenities make Downtown Cincinnati the place to be. Dallas

Atlantic Ocean

Austin Jacksonville New Orleans Houston San Antonio

Orlando Tampa

Gulf of Mexico 1:9,244,650 Miami 0 Monterrey115 mi Nassau ] 0 190 km

HERE, Esri

10 | 1401 Dixie Highway, Covington, Kentucky 41011 Site Aquisition Opportunity | 11 REGION AT A GLANCE

th FORBES Magazine named Cincinnati the KPMG largest metro named TOP INDUSTRIES area in the U.S.A. MOST NINE Cincinnati Advanced Energy 24 AFFORDABLE $ the least Aerospace METRO AREA costly location to do Automotive th business among all Branding & Creative 5based on housing affordability, the cost of Services food, utilities, gas, transportation, medical large U.S. cities. Firms are Chemistry & Plastics Population: 2.26 million expenses, and other daily expenses. headquartered Financial Services in Greater IT Services Cincinnati is located within The Cincinnati Cincinnati: Biosciences MSA is made up of 600 miles AK Steel a 16-county region American Financial Fidelity Investments of 65% Ashland Inc. MAJOR EMPLOYERS at the intersection of the U.S. population, Cincinnati Financial Corporation of: Ohio, Kentucky, within one day’s trucking Fifth Third Bancorp General Cable Procter & Gamble General Electric Aircraft Engines and Indiana. service to 20 major Macy’s, Inc. University of Cincinnati Medpace metropolitan markets. Omnicare Northern Kentucky University Northwestern Mutual Procter & Gamble Co. UC Health Anthem Blue Cross Blue Shield The Kroger Company OHIO American Red Cross INDIANA Cincinnati Children’s Hospital 370 others St. Elizabeth Healthcare Mercy Health have a Fifth Third Bancorp CDK Global colleges & universities Amazon Interbrand KENTUCKY 300 presence in within a 200 mile radius the market. The Kroger Co. E.W. Scripps Company

GREATER CINCINNATI TOURISM IS A $5.2 BILLION INDUSTRY BRINGING 26.6 MILLION VISITORS TO THE REGION IN 2017

Cincinnati is one of only 13 cities in the US with a full slate Cincinnati’s trademark Flying Pig Marathon Devoted Cincinnati Bengals & opposing fans account of arts institutions, including has more than 40,000 participants each for more than 1 million visitors to Downtown Cincinnati. ballet, opera, year. Washington Park in Over-the-Rhine JACK Casino theater, symphony, Cincinnati Reds Ohio’s oldest municipal market hosts events throughout the year, Celebrating the rich German roots US Bank Arena attracts more than and art museums, fans account for Taste of Cincinnati, a street festival house, Findlay Market, erected such as City Flea and Luminocity, of this historic city, Oktoberfest sees 651,890 2,800,000 visitors operating year- nearly 1,900,000 celebrating all things edible in Cincinnati, in 1852, brings nearly 1.2 million attracting more than 2 million Zinzinnati brings in 600,000 visitors each to Downtown round. annual visitors. sees 550,000 in attendance. people to the city’s core annually. visitors each year. visitors in a single weekend. year. Cincinnati each year. SPRING SUMMER FALL WINTER

12 | 1401 Dixie Highway, Covington, Kentucky 41011 Site Aquisition Opportunity | 13 INCENTIVES

There are a number of incentives available for business development and other sectors through the Commonwealth of Ken- tucky, Kenton County, and the City of Covington. Available incentives range from new and expanding industries, job reten- tion, high-tech, energy and environment, small business, workforce training and tourism development. For a comprehensive list of many of the available programs, visit the Northern Kentucky Tri-ED website (http://www.northernkentuckyusa.com/ site-selection/cost-of-doing-business/incentives/).

THE PROCESS

QUESTIONS: All questions must be submitted in writing to Emily Prabell at [email protected]. Questions can also be submitted via regular mail, addressed to Emily Prabell, NKU Foundation, Northern Kentucky University, Nunn Drive, AC 822, Highland Heights, KY 41099.

TOURS: To schedule a tour, please contact Emily Prabell at [email protected] or +1 859 572 5126.

ASKING PRICE/MINIMUM BID: Asking Price: $5,995,000.

Minimum Bid: A minimum bid of fair market value, as required by the Commonwealth of Kentucky Finance Cabinet, is as- sessed to be $5,100,000, which is based on the average of two property valuation assessments performed by local third party service providers.

INTENT:

In order to offer this site acquisition as an equal opportunity for all interested parties, please submit in writing a formal letter Property Website of intent to Emily Prabell at [email protected] or Emily Prabell, NKU Foundation, Northern Kentucky University, Nunn Drive, AC 822, Highland Heights, KY 41099 no later than January 31, 2019. nku.edu/Covingtonpropertysale

14 | 1401 Dixie Highway, Covington, Kentucky 41011 Site Aquisition Opportunity | 15 CONTACT US Emily Prabell Business Manager Northern Kentucky University Foundation, Inc. +1 859 572 5126 [email protected]

Northern Kentucky University Nunn Drive, AC 822 Highland Heights, KY 41099 nku.edu/Covingtonpropertysale