CINCINNATI, OHIO (March 12, 2020)- The Village of Lockland announced on Monday that it has entered into negotiations with Neyer Properties as the preferred developer of the former Stearns & Foster site, now known as “The Locks.” The ideally situated 12-acre site is shovel-ready and owned by the Village. Neyer Properties specializes in finding underutilized real estate and bringing it to its highest and best use. “Today we take the next step in revitalizing this community, by bringing back jobs, tax revenues, and private investment to the Village. This land is a prime location and is the foundation of our economic development strategy.” said Mayor Mark Mason.
Roughly $5.6 million in public and private funds has been invested into redevelopment since the factory closed in 2001. Momentum picked up in 2017, as the site was identified as ideal for advanced manufacturing use by consultants crafting a master plan. Village officials were excited by the potential to attract high paying jobs into the heart of the community.
“Neyer Properties is excited to bring our passion for community revitalization and our expertise in real estate development to this site,” said Neyer Properties CEO and President Dan Neyer. “This public-private partnership between Neyer Properties and the Village of Lockland will drive high-quality users to this centrally located property.”
Chuck Ackerman and Bill Keefer with Colliers are the listing agents for the site.
HCDC has marshaled $867,000 in funding starting in 2016 toward the project. Funders include the Village of Lockland, Federal EPA, Hamilton County, Duke Energy, Hamilton County Land Bank, and the Ohio Development Services Agency. The surrounding business district was designated as a historic district by the National Park Service which allows for the creation of the first Downtown Redevelopment District (DRD) in the County. This district will generate funds for public improvements in and around the project. Concept plans for the site can be viewed at www.locklandoh.org or www.hcdc.com
Established in 1983, HCDC, Inc., formerly Hamilton County Development Co. Inc., helps build businesses and promote job creation in three ways: Business Incubation, Business Lending, and Economic Development services. Born out of a need to create jobs to counter a shrinking manufacturing sector, HCDC has nurtured over 300 resident companies, financed over $1 Billion in projects, and has helped attract and create tens of thousands of local jobs. Visit www.HCDC.com for more information.
About Neyer Properties
Neyer Properties is a full-service commercial real estate developer specializing in sustainable land development, construction management, investment, and redevelopment. Based in Cincinnati, Neyer Properties owns over 5 million square feet of commercial real estate and has over 200 acres ready for development throughout Ohio, Kentucky, and Indiana.