Cincinnati, Ohio – April 15, 2022 – Morelia Group, a local commercial and residential real estate developer, launched two retail developments in Oakley. The highly-rated real estate group owns a range of shopping, dining, and entertainment developments that started the construction of the Crossings of Oakley, a 20,000-square-foot retail development. The development will be based on the Northeast corner of Madison Road and Kennedy Avenue. The projected cost for the overall development is $12 million. The real estate company is also building a multi-tenant development on the acquired property at 4710 Madison Road. The other project, Oakley Parke, will be a 30,000 square restaurant and retail space estimated to cost $18 million.
The Morelia Group’s CEO, Christopher Hildebrant, recently noted that the Crossings of Oakley was one of the projects that saw a high demand. He noted that many tenants contacted the company when they were still working on the project because they wanted to reserve some spaces. This is because most retail investors wanted to work within the Oakley area due to its promising economic growth. The company was consistently in contact with multiple national brands and ended up having more inquiries than the available space.
The real estate company developed and built the Oakley Connection and Encore of Oakley, with some of the best brands being their tenants. These include General Electric Credit Union, Starbucks, and Condado Tacos. During this project, the company was looking for additional property, and the Crossings of Oakley became the best choice. This is because it allows tenants to have higher visibility and easier access. Hildebrant also focused on the corner of Madison Road and Kennedy Avenue because it provides direct access northbound and southbound.
The development is bearing fruits and making it a worthwhile investment as the company already has its first client for Crossings of Oakley. Swenson’s, a great restaurant in Cincinnati, has shown interest in opening another Greater Cincinnati location at the retail development. The stand-alone restaurant is expected to occupy a significant space in the multi-tenant building.
The Crossings of Oakley development project will be complete by September 2022. The Group will handle all aspects of the project, where they will build, own, and manage the properties. They are also working with GE Credit Union, a reliable credit company, to finance the project. Melissa Ruther will represent the real estate company in the leasing and marketing of the retail development. After completing the Crossings of Oakley project, the Group’s CEO hopes to start and finish constructing Oakley Parke by September 2023.
About Morelia Group
Morelia Group is a local real estate developer founded by Christopher Hildebrant. The company specializes in high-end properties where people can eat, shop, and live. The company owns properties throughout the Cincinnati region but is equipped to find the most desirable property for a client’s needs.
Company Name: Morelia Group
Contact Person: Chris Hildebrant
Email: Send Email
Address:8600 Governor’s Hill, Suite 160
State: Ohio 45249
Country: United States