FORT THOMAS, KY – Greiwe Development, one of the region’s leading developers of lifestyle communities, will break ground on One Highland, a new mixed-use luxury condominium and commercial/retail development in Fort Thomas, Kentucky. Firm principal Rick Greiwe will join partners Tom Williams of North American Properties, Rob Sibcy of Sibcy Cline, and civic leaders for the official groundbreaking ceremony at 10 a.m. on Tuesday, February 4, 2020.

Fort Thomas is a new market for the partners, who have collaborated on a succession of high-end condominium projects throughout Cincinnati — most recently Hampstead Park in Mariemont and Hyde Park’s 2770 Observatory. Together, they specialize in building high-quality residences in walkable neighborhoods with dining, shopping and entertainment amenities. One Highland will follow suit by providing future residents luxury, modern living — complete with in-building commercial space — in the center of Fort Thomas.

“From the city’s walkability to nearby amenities, proximity to downtown Cincinnati and park-like setting, Fort Thomas is the type of community that’s in demand with today’s condominium buyer,” said Greiwe. “One Highland will be in the heart of the city, and it will capture the spirit of Fort Thomas’ history, unique geography, and ‘city in a park’ sensibility. We’re excited to give the community an engaging place to live, work and gather.”

One Highland Commercial Space

The mixed-use, three-level building will enhance Fort Thomas’ downtown urban environment, providing 12,000 square feet of new opportunities for commercial functions at the corner of Highland and North Fort Thomas Avenues. It will have large storefront windows, accessible tenant spaces and outdoor areas.

The second phase of the project will introduce an additional two-level commercial building with 8,400 square feet of space. A 30-foot wide garden between the phase one and phase two buildings will add green space to the property. Modern commercial office and retail space are currently not available in the city center.

Residences at One Highland

Designed with empty-nesters, seniors and single professionals in mind, One Highland’s one-level living condominium residences will be on its second and third levels— a new-to-market housing option for the area. Residents will enjoy one-level living that includes elevator access to a private parking garage with two assigned parking spaces and storage for every unit. Each residence will offer open living and kitchen areas, designer finishes, covered outdoor balconies, and master suites with dual walk-in closets and spacious en suite baths. Large windows and 10-foot ceilings will provide natural light throughout. Third-floor spaces will have additional vaulted ceilings.

The residences, ranging from $695,000-1,200,000, will include:

• 1,700 and 1,850 square-foot two bedroom and two baths
• 2,000 square-foot two bedroom, two baths and study
• 2,250 and 2,860 square-foot two bedroom, 2.5 baths and study

As in Greiwe’s previous projects, the building’s architecture and design will echo the aesthetic of the Fort Thomas community — pulling inspiration from nearby Tower Park. Materials will include stone masonry, brick, and a masonry/glass corner feature. The roof pitches along Fort Thomas Avenue are characteristic to the city and are planned to complement nearby buildings and homes. At street-level, a covered promenade with occasional trellises will provide an urban oasis for pedestrians. The corner plaza will be an energetic place for the community to gather.

“One Highland will enhance what our city already has to offer to our residents. From new-to-market housing options and modern commercial space, the added amenities will only serve to improve our quality of life,” said Fort Thomas Vice Mayor Roger Peterman. “Making this project a reality is a great investment for our community now and for future generations.”

Ensuring adequate parking for the new project, One Highland will have resident parking below street level in a private parking garage, and public parking available on a surface lot with an estimated 40 spaces.

Project Timeline

• Groundbreaking: February 4, 2020
• Commercial Sales: February-June 2020
  • Michelle Klingenberg and Terry Ohnmeis, Cushman & Wakefield, 513-763-3023
• Condominium Sales Launch: April 2020
  • The Schuerman Group, Sibcy Cline, 513-368-9349
  • The Brosey Group, Sibcy Cline, 859-760-3277
• Grand Opening: Fall 2021

Joshua One, M+A Architects, Martin Koepke Landscape Design and Greiwe Interiors join Greiwe Development, North American Properties and Sibcy Cline as project partners for One Highland.

Renderings and interviews with project partners are available. Groundbreaking Ceremony officials include Rick Greiwe, Greiwe Development principal; Tom Williams, North American Properties president and CEO; Rob Sibcy, Sibcy Cline chairman; Fort Thomas Councilman and Vice Mayor Roger Peterman; Fort Thomas City Administrative Officer Ron Dill; and Campbell County Commissioner Tom Lampe.

About Greiwe Development

Greiwe Development builds exclusively in premier locations, with high-quality architecture and interior finishes. The company specializes in developing residences in neighborhoods with an engaging mix of dining, retail, entertainment and recreational amenities. Greiwe Development’s first development Park Place at Lytle downtown was completed in 2004. In Hyde Park, 2770 Observatory was completed in 2016. In the Village of Mariemont, Jordan Park was dedicated in 2008, followed by Emery Park (2011), Nolen Park (2014), Livingood Park (2017) and Hampstead Park (2019). To learn more about Greiwe Development’s work, visit MariemontLifestyle.com, HydeParkLifestyle.net, and FortThomasLifestyle.com

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During the first two weeks in November, building demolition to make way for the new development will occur. The BB&T building will remain until a restaurant tenant is secured.

A fence has been erected to secure the construction site. This measure has caused the closure of the sidewalks adjacent to the site along North Fort Thomas Avenue, Highland, and Woodland. Pedestrian traffic has been rerouted so the public, especially students stay safe during the construction period.

The city has also posted no parking signs in several areas. Fort Thomas residents are encouraged to use these new walking routes and not use the street in front of the project for a sidewalk.

Habitat for Humanity will be inside the buildings during the last two weeks in October removing woodwork, doors, hardware, cabinets, plumbing and light fixtures, furnaces and air conditioners that can be repurposed.

Thank you for your patience and cooperation.

To the Citizens of Fort Thomas,

The Fort Thomas School District, Campbell County and Fort Thomas City Council decision to support our residential mixed-use development paves the way for another great community asset. Besides the best schools and parks in Northern Kentucky, residents will boast about their attractive downtown in the coming years.

This project would not have happened without their collective leadership. Building a new mixed-use development is expensive and risky. Everyone knows about escalating construction costs, but a bigger challenge for a developer is entering an untested market. Fort Thomas is a downtown with primarily older retail and office space and lower rents. It is a city without modern condominium flats with elevators and underground parking. So, we are going to establish a new market with our project.

We are bullish on Fort Thomas but needed the partnership with the City to make the numbers work. This partnership includes Industrial Revenue Bonds that will be paid off by the new tax proceeds collected by the City on the project. It also includes the City purchase of land and construction of a public parking lot to support merchants.

Public incentives to stimulate economic development are not just happening on large projects like Ovation but smaller mixed-use projects in neighboring communities like Newport and Covington. For example, Duveneck, River Haus and John R. Green projects all received donated land or funds to create public parking along with tax incentives.

Our collective investment will result in many positive returns. For the school system, a significant increase in future revenue from real estate taxes. For the City, an opportunity to attract additional retail/office development and earnings taxes. For existing merchants, a way to generate additional traffic or expand into new commercial space. For citizens, the realization of your community plan “to create a vibrant and resilient business district.”

For our development team the outcome is not just a fair return on investment. It is about the satisfaction of building community. We look forward to working with you to create an exciting new gathering place and new residential lifestyle for Fort Thomas.

Sincerely,
Rick Greiwe
Greiwe Development

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