The development site contains 14 acres at the northwest corner of Market Avenue and Union Road, directly across Union Road from theAtrium Medical Center and its 260-acre campus, a regional Level III Trauma Center and the largest employer in Middletown. The site is also adjacent to the Renaissance Pointe development, a 50-acre,$200M master-planned project currently under construction that will contain a 165,000-sf event center, retail, hotel and restaurant uses.
Investment highlights
Fully entitled & permitted — build immediately. All city approvals are secured and the construction document set is complete. A buyer can mobilize and commence vertical construction without absorbing the 12–18 months of entitlement risk, carry cost, and approval uncertainty that a raw or partially-zoned site would require. This is a genuinely shovel-ready position in a supply-starved submarket.
Complete, approved plan conveys with the land. The approved site plan, building plans, and full CD set for a 314-unit, 269,599-SF Class A community transfer with the site — representing substantial architecture, engineering, and civil work already completed and paid for, and eliminating re-design and re-permitting timelines for any buyer who builds to the approved plan.
Directly across from the region's largest employer. The site fronts Premier Health Atrium Medical Center — a 260-acre, Level III trauma campus employing 1,500+ physicians, nurses, and staff — with Cincinnati Eye Institute on-campus and Kettering Health (1,000+ employees) three miles away. Healthcare anchors a durable, non-cyclical renter base at the front door.
Adjacent to the $200M Renaissance Pointe development. The site immediately neighbors a 50-acre master-planned mixed-use district anchored by a multipurpose event center/arena — targeted as home to a United States Hockey League (USHL) franchise and projected to draw ~425,000 annual visitors — plus hotels, Class A retail, and restaurants. The City of Middletown and Warren County have each approved $12.5M in credit enhancement ($25M combined) to support the arena, which is targeting a 2027 opening.
Acute, documented undersupply. City-commissioned planning studies document a ~2,600-unit housing deficit in Middletown. Only one comparable Class A community has delivered in roughly 15 years — creating pent-up demand and strong projected lease velocity for the next deliverable product in the medical and entertainment district.
Rents already proven one mile away. The neighboring Echo Ridge community (319 units, 1 mile) achieves ~$1,200–$2,000+ across its 1–3 bedroom mix and is stabilizing ahead of this site. The approved Atticus program underwrites to an $1,585 average rent ($1.85/SF) — validated by the immediately adjacent, institutional-quality comparable.
Prime I-75 corridor access. ±109,683 vehicles per day on I-75 at the interchange; ~25 minutes to Cincinnati, ~20 minutes to Dayton; ~1.9 million workers within a 30-minute drive. A new Chick-fil-A and Starbucks anchor the I-75 / SR-122 interchange, and the regional mall across I-75 is undergoing redevelopment.
Fees paid and sales tax abatement available. $157,000 in Park Impact Fees have already been paid to the City and are included in the asking price — a cost the buyer would otherwise incur. In addition, the Warren County Port Authority has expressed interest in a construction sales tax abatement (via the Renaissance New Community Authority) estimated to save a buyer ~$1.485 million on construction materials, in exchange for an added ~5 mills on the post-completion property tax bill.
