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Towne, Neyer To Break Ground on $95M MXD

CINCINNATI-The planned University Square at the Loop will feature retail, residential, office and a hotel across from the University of Cincinnati.

By Robert Carr | Updated on June 21, 2011

CINCINNATI-A joint venture of Al. Neyer Inc. and Towne Properties is about to break ground on the $95 million University Square at the Loop mixed-use project, directly across from the University of Cincinnati. The redeveloped site will include 161 multifamily units, 80,300 square feet of retail, a 100-room hotel and 44,000 square feet of office.

Located north of the downtown, the university has about 43,000 students, making it the second largest school in Ohio. John Heekin with Cassidy Turley says most of the students live on the campus, which is self-contained and not spread out through the city. “There’s about 145,000 people within a three-mile radius, and if you add the university and medical school, that’s another 80,000 people,” he says. Heekin is part of the leasing team for the project.

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