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The Flats 28

IN ONE OF CINCINNATI’S MOST DESIREABLE SUBMARKETS

“Our commitment is to help our clients create and preserve wealth by providing them with the best real estate investment sales, financing, research and advisory services available.”

300 West 4th Street Cincinnati, OH

$98,534

Average HH Income

Annual HH Income Growth

4.00% $394,219 96.6% $1,683

Median Property Value Occupancy Rate

Avg Rental Rate

THE FLATS

393 Units planned 175 units Prospective

units under construction

CROSSING AT OAKLEY

OVERALL NICHE GRADE

A- OUTDOOR ACTIVITIES

OAKLEY PARKE

A- GOOD FOR FAMILIES

A- NIGHTLIFE

A- HEALTH & FITNESS

B- PUBLIC SCHOOL

B- CRIME & SAFETY

Three Oaks LOCAL DEVELOPMENTS

This project will play host to HOMEARAMA® 2025 will be held at Foundry Park at Three Oaks in Oakley in the City of Cincinnati, Hamilton County. Foundry Park at Three Oaks is being developed by WP Land Company and Neyer Properties

HOMEARAMA® 2025 will feature four (4) fully decorated and landscaped homes in a variety of architectural styles. Show builders include Chris Gorman Homes, Heritage Building Group and Associates, Justin Doyle Homes, and WP Land Company. Homes at Foundry Park at Three Oaks will be priced from $850,000 - $1.5 million. Show homes range from $1.4 million to $1.6 million. All of the show homes will feature rooftop terraces.

Foundry Park at Three Oaks offers a remarkable living experience just moments away from the bustling city center. This extraordinary development encompasses 79 planned homesites, embraced by green spaces, pocket parks, inviting gathering areas with cozy fire pits, and much more. The site is nestled within the iconic and highly sought-after Oakley neighborhood in Cincinnati. Homebuyers can take advantage of a 15 year tax abatement savings for this LEED®-certified project!

Surrounded by historical neighborhoods, upscale shopping destinations, acclaimed restaurants, vibrant nightlife, abundant entertainment options, and recreational facilities, homeowners will discover that everything they desire is very close by. Whether you seek a leisurely stroll through Oakley’s charming streets, a delightful shopping experience at nearby Rookwood Commons & Pavilion or Kenwood Mall, or a night out in lively downtown Cincinnati, you will find that the possibilities are endless. Quick access to major highways ensures that homeowners can effortlessly explore the surrounding areas. Foundry Park at Three Oaks offers the perfect blend of convenience and excitement.

Foundry Park at Three Oaks is in the City of Cincinnati School public school district. Nearby private schools include the Seven Hills School- Hillside Campus; St. Cecilia School; Nativity School; and, The Summit Country Day School.

COST

$62,000,000 EST. COMPLETION 2026

Arcadia

A 124-townhome development next to Oakley Station. The townhomes are expected to range between 1,300 and 2,200 square feet. Arcadia as it is planned now will have townhomes ranging from one to four bedrooms and two to four bathrooms. The townhomes will have one- or two-car garages, depending on the size. Buyers also would be able to add options such as rooftop decks and balconies.

(2 OF 6)

COST

$100,000,000 EST. COMPLETION

Completed

The structure, meticulously designed in collaboration with GBBN, will introduce 128 units in 2024, expanding the Factory 52 residential portfolio to an impressive 440 units. Significantly, we’ve heeded the preferences of our diverse community, with a strategic focus on smaller units, predominantly studios and one-bedroom apartments. This decision stems from a keen understanding of the needs of our demographic, particularly young professionals who value efficient and dynamic living spaces.

A new apartment development that will include 316 units across five buildings. Amenities at Graphite Oakley would include a swimming pool, social deck, fitness room and a clubhouse. The buildings will be five-stories tall, with the first level used for covered parking.

COST $59,000,000 EST. COMPLETION completed

LOCAL DEVELOPMENTS

Fairfiled Inn

By Mariott

117 Room Dual Branded Hotel on a 1.5 acer site.

COST

$19,500,000 EST. COMPLETION COMPLETED

Manufacturing facility that will make personal protective equipment.

COST $12,000,000 EST. COMPLETION COMPLETED

COST

$8,000,000

EST. COMPLETION Completed

Aces Pickleball

Aces Pickleball will have 11 professional, indoor and outdoor surfaces. Five of the courts will be indoors, five will be outdoors, and one will be a four-season court with a covered roof. Players will be able to select a variety of pickleball play options, instructional, league play, tournaments and social events.

Oakley Greens LOCAL DEVELOPMENTS

A new entertainment area is now open in Cincinnati’s Oakley neighborhood, complete with mini golf courses, bar and restaurant and more.

Oakley Greens is now open at 3065 Vandercar Way, across from the Oakley Cinemark.

The space has been in the works since 2022 when renderings were first released for the project.

The family and dog-friendly venue features two 18-hole luxury mini golf courses with on-course drink service.

There’s also two full-service bars and a “Clubhouse Kitchen” where you can order from a kiosk.

Outside, there’s cabanas to rent as well as “themed lounge containers” to hang out and listen to live music.

In addition to mini golf, there are also activities like corn hole and a play area for kids

12,000 sqft under roof

495 parking spaces

36 mini-golf holes

6 huge video walls

The Flats 28 SUBJECT:

RENOVATION: The Flats 28

Marcus and Millichap is pleased to present The Flats 28, a rare redevelopment opportunity. The Flats 28 is situated in the heart of the Oakley submarket and just 7 miles from downtown Cincinnati. The Oakley Submarket is considered one of Cincinnati’s top neighborhoods to live in. Oakley offers residents a lively and booming neighborhood that is known for its high walkability, beautiful parks, excellent local and chain shopping options like Oakley Square, and top-rated restaurants. As the 9th largest neighborhood in Cincinnati, Oakley is further home to a bustling business and nightlife scene while still retaining peace and quiet within the smaller residential areas. You’ll find a satisfying mix of diversities here, everything from young professionals to families. Moreover, Oakley is a constantly evolving and growing neighborhood in Cincinnati that is ideal for those who crave both a family-friendly environment and all the amenities of an urban-suburban lifestyle.

The 28 units are currently vacant and ready to be brought back to life. Thus, allowing the incoming investor the opportunity to put their creative genius to work on this hidden gem immediately. The average 1bed 1bath apartment in Oakley is renting for upwards of $1,293. This is a must-see opportunity for all you visionaries who dream of the perfect project in the perfect location.