Blog/News

Can a mixed-use development offer health benefits? We think so.

May 23, 2016 / By Brian Copfer, Senior Vice President

The answer is a resounding ‘yes’ when it comes to plans for 90 acres of land in Liberty Township. TriHealth recently reached an agreement with Miller-Valentine Group to purchase 33 acres and build a new ambulatory care center in the development. In an interview, Brian Copfer, Miller-Valentine Group’s senior vice president of development, said having TriHealth as an anchor for the mixed-use development “… is fantastic for this project.” The development extends what is rapidly becoming a medical hub in Northern Cincinnati with a new Christ Hospital to the north, UC Health’s West Chester Hospital to the south and the Liberty campus of Cincinnati Children’s Hospital Medical Center to the west. But it’s more than medical office space that will have the former agricultural site—and its users—in shape.

Creating Synergy for Healthcare Providers, Consumers, and the Community

Just last year, an article in Development Magazine noted an increasing demand for “walkable mixed-use communities,” among two of the most significant demographic groups in the U.S.—Baby Boomers and Millennials. This trend is influencing expectations for commercial properties as well. In fact, during talks between Miller-Valentine Group and TriHealth, the healthcare organization specified that it wanted to be part of an integrated, mixed-use development that provides access to amenities for their employees and patients, as well as uses that are a good fit for their medical campus. Current plans for the site’s development include additional office space for medical and other tenants, two hotels, restaurants, retail stores and a 120-unit senior housing facility.

What Advantages Will This Development Offer?

  1. Healthcare providers will benefit from the centralized location on the I-75 corridor. In his announcement about the planned purchase, TriHealth president and CEO Mark Clement said, “This new facility will make it easier for our growing physician community in Liberty Township, West Chester and surrounding areas to provide a broad range of health services in one location convenient for area residents.”
  1. Consumers—and patients—will benefit from medical offices in close proximity to complementary dining and retail services, as will the many people who will work in the offices on a daily basis. In addition, the hotels will offer added convenience for business travelers, the medical community, and nearby residents. The senior living facility will enable area residents to keep aging parents or other relatives closer to home.
  1. The community at large will benefit both from a boost in employment opportunities as well as considerable tax benefits for the community. Once the site is fully developed, the payroll taxes alone could equate to an estimated $2,500,000 to $3,000,000 in annual income for local municipalities. Moreover, the project will set the tone for future area developments, ensuring more high-quality, attractive sites as the region grows.

Miller-Valentine Group plans a cohesive campus that appeals to a wide range of office and medical uses while still in keeping with adjacent residential uses. The pedestrian-friendly development will include a walking/biking trail and landscaping with retention/detention ponds. Ultimately, whether people come to the development to work, to receive healthcare services or to share a meal with friends, they’ll be able to enjoy a leisurely stroll or bike ride in a park-like setting at the same time. To learn more about the plans for this mixed-use development, contact Brian Copfer, 513.774.8400.

Links:

http://www.cincinnati.com/story/money/2016/05/12/developer-trihealth-helps-jumpstart-225m-project/84276132/

http://www.naiop.org/en/Magazine/2015/Spring-2015/Business-Trends/Walkability-Means-Mixed-use-Development-Opportunities.aspx

http://www.bizjournals.com/cincinnati/news/2016/05/11/trihealth-plans-major-liberty-land-buy.html?ana=e_cinci_bn_breakingnews&u=i1SErY%2BdXYKa%2FdpmHxlnGlxLmq%2F&t=1463514835&j=73122252

← Go back to previous page

About the author:

Brian Copfer is Senior Vice President for Miller-Valentine Group.

Connect

More articles from Brian Copfer

  • This field is for validation purposes and should be left unchanged.