A decade later, development in Newport begins again - Cincinnati News, Weather, Sports from FOX19 NOW-WXIX

A decade later, development in Newport begins again

Located next to the Levee, Purple People Bridge, and across from the Hofbrauhaus, plans for the lot include residential, retail, and hotel space. (Renderings via River City News) Located next to the Levee, Purple People Bridge, and across from the Hofbrauhaus, plans for the lot include residential, retail, and hotel space. (Renderings via River City News)
Coming in 2016, a new look for what is called "Lot B." (Rendering via River City News) Coming in 2016, a new look for what is called "Lot B." (Rendering via River City News)
NEWPORT, KY (FOX19) -

Development in Newport will start again, more than a decade later than planned. 

Coming in 2016, a new look for what is called "Lot B." Located next to the Levee, Purple People Bridge, and across from the Hofbrauhaus, plans for the lot include residential, retail, and hotel space. 

But why has it taken so long to get to this point?

More than a decade ago, there were big plans for the Levee, but when the Millennium Tower project was canceled before it began, it started a long, difficult journey for the success of the area. 

Other development projects across the Ohio River, like The Banks and Over-the-Rhine, saw success over this period but businesses came and went from the levee with little success. 

The Cincinnati-based developer Capital Investment Group has spearheaded many efforts to turn things around. At the end of August, the company proposed and Newport Commissioners approved plans for 238 residential units, 8,000 square feet of retail space, and a 150-room hotel with an 800-space parking garage to accommodate the increased traffic. The project is slated to start in July 2015 and take one year to compete. 

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