Montgomery Quarter has made significant progress over the course of Phase I, and Phase II promises exciting growth in the $150 million development.
Kitchen Social recently opened its doors at Montgomery Quarter, its first location in the Cincinnati area, and Deeper Roots Coffee, a Cincinnati roasting company and coffee shop, will be moving into the same building later this spring. Additionally, Kozue, a sushi & ramen restaurant will also be opening at Montgomery Quarter within a month. With this Deeper Roots taking occupancy of 1,800 square feet, only two leasable retail spaces will remain in Phase I.
Phase I also witnessed the relocation of Pepsi’s corporate office in Cincinnati to Montgomery. The Fortune 100 company’s lease increases the occupancy in the office portion of the development to approximately 90%. Only about 7,500 square feet of the 55,000 square foot office building remains available for leasing, with a future 50,000 square foot office to be leased and constructed.
The completion of The Residences at MQ marks a major accomplishment in Phase I of this mixed-use development. With only about 30 units remaining, these luxury apartments are approximately 80% leased.
As for the Rambler hotel, a Tapestry by Hilton brand, construction is underway and expected to be completed in the summer of 2025. The boutique hotel will aid in boosting tourism in Montgomery.
Infrastructure for Phase II, including a road connecting the roundabout on Montgomery Road to the end of Cameron Lane, is currently underway.
Phase II will also add approximately 240 additional apartment units to the 148 units that were constructed in Phase I. Recently approved, these additional units will be located in multiple four to five-story buildings. Similar to Phase I, these luxury apartments will offer first-rate amenities to cater to the needs of residents.
Over the past year, Montgomery Quarter has introduced event programming, like yoga classes and live music in the park, to help foster community activity. The City of Montgomery will continue to be a partner for these events in the future.
“We’re extremely pleased with the success of the initial phase of our Montgomery Quarter project and the businesses and restaurants that have joined our Montgomery community. We look forward to continuing the momentum into the second phase of Montgomery Quarter,” said Brian Riblet, City Manager.