Rivers, Trails Projects proving to be "spark plug" for Tri-State growth, developers say

November 18, 2016 4:28 PM | Anonymous member (Administrator)

Source: WCPO 

CINCINNATI -- A walk in the park is not just a recreational pastime. It's serious business.

That's the trend local developers are beginning to notice, as access to parks, trails and other walkable or bikeable outdoor amenities are becoming key draws for those looking to rent or buy new homes.

Jim Cohen, with Blue Ash-based CMC Properties, is a developer picking up on this trend.

"People are really starting to want to live in cool towns with bike paths, rivers, trails, parks," Cohen told WCPO.

The phrase "cool towns" is indicative of the two key demographics Cohen said is driving this trend: young professionals launching into adulthood -- often referred to as millennials -- and Baby Boomers or other empty nesters looking to downsize or relocate.

For these groups of potential renters and buyers -- which make up around 70 percent of the U.S. population -- it boils down to finding a place that encourages activity and a sense of community: "What they want today is a community that invests in an urban core and a healthy, active lifestyle," he said, and that means pedestrian- and bicycle-friendly.



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