NEWPORT, Ky. — On Tuesday, May 9, Corporexcommemorated the completion of the pedestrian bridge over Third Street in Newport, a major milestone for the Ovation development. A ribbon cutting and time capsule ceremony celebrated the connection of the two major development sections with community members, Corporex officials, representatives from the City of Newport and surrounding communities, other local and state economic development organizations and future residents of The Boardwalk Residences at Ovation.
Integral community partners and media members were invited to place items into the time capsule that was sealed and timestamped. Items that went into the time capsule included a letter from Newport City Manager Tom Fromme, a key to the city, a police uniform patch, a Newport City parking ticket, a Newport Italianfest program, original blueprint plans from the development and much more. The capsule will remain sealed along Third Street, under the pedestrian bridge on the 25-acre mixed-use development in Newport until 2048.
The ceremony began with opening remarks from Tom Banta, Chief Real Estate Officer of Corporex.
“Corporex has built a reputation of bringing transformative projects to and outside the region,” said Banta. “When we started Ovation, we saw another opportunity to have a truly transformative project to the community, Newport, Campbell County, and the Cincinnati region. This project is of immense scale and will have an economic impact beyond just a few buildings we build.”
This major milestone officially connects the original parts of the development – MegaCorp Pavilion, the Homewood Suites by Hilton at Newport/Cincinnati and the Class A Office building – to future ones, including The Boardwalk Residences at Ovation and restaurant and entertainment offerings.
Tucked along the Ohio River, Ovation is a 25-acre, urban mixed-use development at the confluence of the Ohio and Licking Rivers. Ovation will include a hotel offer luxury residential units, Class-A office space, and entertainment and dining spaces.