$300M Three Oaks development in Oakley (Cincinnati) heading into final phase
$300M Three Oaks development in Oakley (Cincinnati) heading into final phase
Just saw that Neyer Properties is targeting a February 2027 groundbreaking for the last piece of their Three Oaks project — a 30-acre former industrial site in Oakley that's bringing in roughly 1,000 new residents once fully built out.
The final phase is the Heron Club, a 192-unit active adult (55+) community from Rebar Cos. (Beyond Residential's active adult brand out of Indianapolis) — a four-story building wrapping a 306-space parking garage on 5.5 acres.
Oakley's already seeing a lot of multifamily and active-adult product land nearby, which tells me demand for that demographic in this submarket is strong.
Id sugggest keeping an eye on rent comps or absorption in Oakley/Hyde Park feels like a neighborhood worth watching for the next few years as this build-out finishes.
Source: Cincinnati Business Courier, via Local 12.