Newport’s Premier Mixed-Use Project at the confluence of the Ohio and Licking Rivers
Corporex is the master developer for Ovation, a 25-acre mixed-use development, comprised of more than 900 residential units, restaurants, retail, hotels and offices.
Phase I – The Premier Concert Experience
The site is currently under active construction which began in July 2019. Corporex in partnership with AEG Presents / PromoWest announced on May 9, 2019, a new $40 million, 38,000 square foot, concert venue which was the catalyst to kick off Phase I of Ovation in Newport, Kentucky. With over 180 events a year, the ground-breaking design will accommodate indoor audiences of up to 2,700 and an outdoor capacity for the summer shows of up to 7,000 concert goers. The facility is expected to attract over 350,000 to 400,000 fans annually to this intimate music setting. The concert hall, with its unique sweeping roof design, will sit atop a 550-car structured parking garage.
The Venue Plaza will be linked to the future phases of the Ovation development via a pedestrian walkway over the recently opened Route 9 extension. The pedestrian bridge will be linked to the restaurants, night life and other entertainment spots that will make up the main pedestrian streets dubbed Broadway and Main Streets within the mixed-use Ovation development.
Phase II – Class A Office & Homewood Suites
The latest addition to the multi-use project comprised of a hotel and office building are now in the final stages of design and development. The hotel, a 125-room Homewood Suites by Hilton will feature select suites with skyline views, expanded fitness area, and two bars – one located on the rooftop and the other at plaza level. The adjacent speculative office building will offer approximately 100,000 square feet of Class A office space featuring plaza level retail. Both the hotel and the office building will be built above the 550-car parking garage that is under construction as part of the indoor/outdoor concert venue. With a combined development cost of $45 million, Corporex hopes to break ground on this new phase by year end.
In Spring 2010, Corporex entered into an agreement to revitalize a distressed development project with short-term and long-term development potential in Denver. Corporex closed public and private financing to commence construction of Phase 1 of Fitzsimons Village, located adjacent to the fastest growing medical campus in the United States. Fitzsimons Village provides amenities to a state-of-the-art, integrated Life Science District, which includes the University of Colorado Hospital, the University of Colorado Denver’s Health Science Schools, The Children’s Hospital, and the U.S. Veterans Health Administration Hospital that commenced construction in 2010. Phase 1 is comprised of Fitzsimons 100, a mid-rise structure providing 151,700 square feet of office and 16,329 square feet of retail, a 153-room SpringHill Suites by Marriott and 190-foot Pedestrian Walkway that connects Fitzsimons Village to the Anschutz Medical Campus. Phase II of the development consists of the 249-room full service Hyatt Regency Aurora-Denver Conference Center which opened in April 2016. The Company further expects to break ground on an apartment project along with associated ground floor retail. Corporex is actively pre-leasing Fitzsimons 200 which includes office and retail space in a contemporary mid-size structure adjacent to a 1,500 car parking deck.