Northgate Mall
Northgate Mall Redevelopment Opportunity 29.8 Acres | Cincinnati, OH | 500,000+ Retail SF & Garage
Marketing description
This Offering presents a unique redevelopment opportunity to acquire the majority of the acreage which comprises Northgate Mall. The redevelopment opportunity is located in in the northwestern quadrant of the Greater Cincinnati region. This asset encompasses approximately 29.8 acres of land located at the "Main & Main" intersection of the Colerain retail trade area which is Colerain Avenue and Springdale Road. This intersection is located just south of the I-275 and Colerain Avenue interchange. The Offering includes over 500,000 square feet of mall space which is comprised of the former Macy’s department store, the adjoining, three level parking garage with 760 parking stalls and the existing interior portion of the former Mall. The subject property is positioned directly across from a high-traffic Kroger Marketplace and serves as the centerpiece of a major retail corridor.
Investment highlights
Blank Canvas Potential: prime redevelopment play within the core footprint of the Mall, suitable for retail, medical, entertainment, or residential conversion. Historically, the Colerain retail trade area has been a top destination for retail users looking for space options.
Municipal Support: Colerain Township’s support for a mixed-use town center provides investor significant leverage in future redevelopment negotiations.
Unrivaled Redevelopment Momentum: The asset is positioned at the center of a site undergoing a major transformation.
Strategic Regional Accessibility: The property’s prime corner location offers immediate I‑275 access and draws over 3.4 million annual visits from the greater Cincinnati trade area.
The "Macy's" Opportunity: Acquisition includes the ~180,000 SF former Macy’s department store box which is a separately platted 2.181-acre parcel, attached to a three-story, 760-car enclosed parking garage. This high-volume, multi-level space is a prime candidate for adaptive reuse.
Shadow-Anchored by Market Leader: Located directly across from a high-volume Kroger Marketplace, the property benefits from the area’s primary "daily-needs" traffic draw.
Recent Private Investment Infill: The site’s strength is reinforced by Epic Entertainment’s acquisition of a neighboring parcel and launch of a major indoor adventure park, creating a new, high-frequency consumer draw that boosts the mall’s traffic and relevance.
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