Press Release

COVINGTON, Ky. (October 2, 2024) – Corporex, a leading national development and investment firm based in Covington, Ky., was named Developer of the Year for Ovation by the NAIOP (Cincinnati/NKY Chapter) at the Night of the Stars celebration of excellence event in Cincinnati earlier this month. NAIOP is a professional organization representing commercial real estate developers, owners, and investors.

Ovation is a nearly 25-acre, five-city block equivalent urban, mixed-use development along the confluence of the Ohio and Licking Rivers in Northern Kentucky. The community is host to a world-class music venue, state-of-the-art office buildings, residential options, hotels and open spaces. Once complete, Ovation will be an iconic regional destination, offering unique public artworks, restaurants, bars, and experiences to visitors, residents, onsite businesses and the community, connecting everyone directly to the rivers with an unbeatable view of the Cincinnati skyline.

“Our organization is honored to receive the NAIOP Real Estate Developer of the Year award,” said Brett Blackwell, President and COO of Corporex. “This achievement belongs to every team member who has worked tirelessly to bring Ovation to life, a world-class development reshaping the Northern Kentucky riverfront. Our success is built on collaboration, innovation, and a shared commitment to quality.”

The annual Real Estate Developer of the Year award celebrates outstanding achievements and is awarded to one developer who best exemplifies leadership and innovation in the Cincinnati and Northern Kentucky commercial real estate market. Criteria for consideration for this award include outstanding quality of projects and services, impact on the market, financial consistency and stability, ability to adapt to market conditions and support of the local community.

“Ovation not only redefined the southern border of the Ohio River, but also sparked a wave of growth and opportunity for commercial tenants focused on creating unique work in-office environments, residents and visitors seeking out the region, and anyone looking for top-notch entertainment and arts,” said Tom Charek, President of Welty Development and judge of the NAIOP awards. “Its innovative design based on the concept of CASA and commitment to job creation have activated the community, setting a new benchmark for future developments and leaving a lasting legacy of progress and inspiration.”

At Ovation, CASA (Color, Art, Sound and Architecture) is a thoughtful design approach seamlessly integrated throughout the entire development, creating a beautiful, warm, intentionally unexpected, and highly engaging community.

Corporex manages a diverse portfolio of business assets and developments across 22 states, valued at over $1 billion. This includes Ovation, one of the largest mixed-use development projects in Greater Cincinnati, further solidifying the organization’s position as a leader in the industry.

To learn more visit ovationontheriver.com. For more information on NAIOP, visit naiopcincinnati.org.

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About Corporex

Corporex Companies is a national, privately held investment and development firm based in Covington, Kentucky. Corporex has a nearly 60-year history of developing world-class hotels, Class A offices, luxury residential and mixed-use developments in over 22+ states across the U.S. The company has more than $1B in assets under management, has built over 25M square feet, and generously invested in communities with nearly $2.9M in corporate and foundation giving in 2023. Today, the company remains one of the leading privately held, vertically integrated owner/operators of commercial real estate in the country. Learn more at Corporex.com.