MEDIA ALERT
WHAT:
The Northern Kentucky Port Authority (NKY Port) announced today with its developer and construction manager, Corporex, and prime contractor, Hemmer Construction Company, that 700 cubic yards of concrete for the plaza level, the ground floor of the OneNKY Center (209 Greenup Street), has been poured in three sections over the last several weeks. The final section was poured on March 13.
The plaza level is the first elevated concrete pour at 22,684 square feet and is above the parking garage. The southern end of the second floor of the building, that will house the Covington Life Science Lab, has begun to be formed in preparation for pouring of the next level. The parking garage concrete, the base for the building, was poured in early February 2024.
Ground was broken for the OneNKY Center, a 47,000-square-foot Class A office building, on August 30, 2023 with Governor Andy Beshear. It will be the home of the Covington Life Science Lab and numerous NKY growth organizations. The building is 93 percent leased to the tenants listed below.
Background:
OneNKY Center Tenants:
BE NKY Growth Partnership
Catalytic Fund of Northern Kentucky
Covington Life Sciences Partners (CLSP)
Horizon Community Funds of Northern Kentucky
meetNKY
Northern Kentucky Bar Association
Northern Kentucky Chamber of Commerce
OneNKY Alliance
Thomas More University Division of External Affairs
Funding:
The Catalytic Fund, Kenton County, and Covington Life Sciences Partners were instrumental in securing financing for the OneNKY Center. The $26 million project’s funding derives from various channels, including Kenton County offering credit enhancement for approximately $8.7 million of construction bonds, issued by the Kentucky Association of County Officials (KACo) Finance Corporation. Additionally, financial contributions were made by Covington Life Sciences Partners for the Covington Life Science Lab, the Haile Foundation, Horizon Community Funds, Durr Foundation, and Drees Foundation.
WHERE:
OneNKY Center, 209 Greenup Street, Covington, KY
WHO:
NKY Port Authority – building owner
Corporex – developer and construction manager
Hemmer Construction Company – prime contractor
In 2022, BE NKY Growth Partnership, through the Build + Elevate NKY investor campaign, activated the NKY Port, which focuses on identifying, managing, readying, and advocating for sites aimed at surpassing community employment and wage objectives through subsequent private commercial and industrial development and revitalization efforts.
About the NKY Port
A managed entity of BE NKY Growth Partnership, the Northern Kentucky Port Authority was formed as a Special Purpose Governmental Entity by the Fiscal Courts of Boone, Campbell, and Kenton counties in 1968 under the provisions of KRS 65.510 to 65.650. More information can be found at www.NKYPort.org.
