Al. Neyer, Inc. named Developer of the Year

National real estate group recognizes Al. Neyer's leadership, innovation and quality of projects

* The Historic Ford Factory wins Office Deal of the Year, over 25,000 square feet

Developer of the Year - Al. Neyer colleagues accept prestigious award from the National Association of Industrial and Office Properties.  From Left:Robin Brankamp, Bill Neyer, Cassie Belmonte, Jerry Tepe, David Neyer, Mark Vella, Chris Dobrozsi, Jim Neyer, Ken Schon.

CINCINNATI - Al. Neyer, Inc., was named Developer of the Year last night at the National Association of Industrial and Office Properties (NAIOP) annual dinner of local chapter members.

David F. Neyer, president and chief executive officer of Al. Neyer, Inc., accepted the award with 10 colleagues. "It's a great honor to have our body of work recognized by members of our industry," Neyer said.  "It's an acknowledgment that our contributions to Cincinnati's downtown and neighborhoods are making a difference."

More than 350 commercial real estate developers, brokers and lenders attended the October 14 awards event.

Judging the seven awards were members from NAIOP chapters outside of Greater Cincinnati. Judges cited the caliber of Al. Neyer's unique and successful office projects, innovative design and impact on the market as reasons for their decision.

Al. Neyer cumulative development work from the past several years was considered in the judging. Standout projects included were:

• Sycamore Place at St. Xavier Park, the historic renovation & adaptive reuse of several buildings into 105 loft apartments and 13,000 square feet of first-floor commercial space.  Al. Neyer partnered with North American Properties in the Sycamore Place development.   The project is considered the cornerstone of the emerging St. Xavier Park district downtown Cincinnati, near the headquarters of The Procter & Gamble Co. Opened in 2002, the project has been honored by the Cincinnati Preservation Association.
• 302 W. Third Street, historic renovation and transformation into office space.  Al. Neyer purchased this 1903 Cincinnati landmark, restored it and recently moved its headquarters to the panoramic eighth floor. Other building tenants include BHDP Architecture, Bridge Worldwide and dunnhumby ltd.

The Historic Ford Factory wins Office Deal of the Year for larger office projects

The Historic Ford Factory historic renovation completed in November 2003 won Office Deal of the Year at the National Association of Industrial and Office Properties (NAIOP) awards dinner October 14.

The project team accepting the award included members from Al. Neyer, Inc., which provided all design-build services; 660 Lincoln LLC, developer;  Carey Laumer Commercial Realty, representing broker;  and LaSalle Bank, chief commercial lender.

The Historic Ford Factory was built in 1915 by Ford Motor Co. visionary Henry Ford as an assembly plant for Model T production.  The 200,000 square foot Cincinnati plant, located near downtown, stood vacant for decades, an eyesore emblazoned with graffiti. The 2002 restoration of the plant, guided by its appointment on the National Register of Historic Places, has become a local urban development success story. The building is 100% leased to corporate tenants like Fisher Design and Children's Hospital Medical Center, barely one year after completion of construction. Its architectural features have been preserved, as have the loft-like, industrial qualities, making it one of the most creative and unique office buildings in the region.  

Founded in 1894, Al. Neyer, Inc. is a real estate developer and design-build firm that focuses on commercial, industrial and urban development.

Contact:
Gail Paul
Corporate Communications
Al. Neyer, Inc.
(513) 527-1887
(513) 379-8153