Newsroom

February 2021

$100 million residential development coming to Blue Ash

Newsroom 
button whitebutton red

Sunday February 14, 2021

$100 million residential development coming to Blue Ash

From Cincinnati Business Courier:

$100 MILLION RESIDENTIAL DEVELOPMENT COMING TO BLUE ASH

A high-end custom homebuilder plans to start development of a $100 million residential project next to Blue Ash’s Summit Park.

WP Land Co. LLC, a Montgomery-based residential developer and home builder, received unanimous approval Thursday night from Blue Ash City Council to build a mix of condominiums, townhomes and detached townhomes on more than 9.7 acres in the Neighborhoods at Summit Park. Mat Walker, CEO of WP Land, said the as-of-yet unnamed development will include three 36-unit condo buildings, 36 single-family attached units in 11 buildings and 36 single-family detached units in the Parkview portion of the Neighborhoods at Summit Park.

[…]

With the approval from city council, Walker plans to purchase and start development of the property immediately. WP Land will buy the property from Al Neyer and Vandercar Holdings, the master developers of the Neighborhoods at Summit Park.

Tom Wilson, director of real estate development with Al Neyer, said the developers looked for a long time to find a builder to bring this type of product to Blue Ash.

“It fits perfectly with what we envision for this site,” Wilson told me. “It really fits well within everything else we’re doing there.”

Walker expects to have the first townhome lots delivered in the fourth quarter of this year. As for the condo buildings, Walker will move forward with one condo building at a time.

Read more from the article here.


Recent News

Al. Neyer Launches Its First Private Equity Real Estate Investment FundMonday April 19, 2021

Al. Neyer Launches Its First Private Equity Real Estate Investment Fund

Al Neyer raises $110 million fund for developmentFriday April 16, 2021

Al Neyer raises $110 million fund for development

Business Opportunities in the Pittsburgh Airport CorridorFriday April 16, 2021

Business Opportunities in the Pittsburgh Airport Corridor

NKY Chamber announces 2021 Business Impact Award FinalistsFriday April 9, 2021

NKY Chamber announces 2021 Business Impact Award Finalists