
NEWPORT, Ky. (January 28, 2025) – Corporex, the national, privately held investment and development firm based in Covington, Kentucky, has announced significant progress on the vertical construction of the third condominium building at The Boardwalk Residences. The project, part of the larger Ovation development, is reaching new milestones while the first two buildings are nearing completion, offering a promising look at what the area will soon become.

The Boardwalk Residences is a collection of luxury condominiums within Ovation, a dynamic mixed-use development located along the Ohio and Licking Rivers. The residences are strategically positioned with stunning views of the Cincinnati skyline, General James Taylor Park, and the riverfront, making the area an exclusive and sought-after residential destination. The 88 condominium units at the Boardwalk Residences are designed to blend high-end luxury living with unparalleled scenic views, and 74% of the units (or 65 out of 88) have already been pre-sold before a single home has closed. This pre-sell success speaks to the tremendous demand for these residences in this unique setting. The first two buildings of the three-building project are in the final stages of interior home finishing, bringing these luxurious units closer to move-in readiness.
As construction progresses on the third building, the project has reached a new phase with the installation of structural steel. The focus now shifts to slab forming, shoring, and concrete pours, with the completion of the fourth-floor concrete pour marking a major milestone. The process will continue floor by floor until the fifth and final level is completed. Topping out for the building is expected in spring 2025.
“Watching our founder Bill Butler’s vision take shape with the completion of the first two buildings and the rise of the third is incredibly rewarding for us,” said Brett Blackwell, president and COO of Corporex. “This year is going to be transformative for Ovation, with vertical construction on the third building continuing rapidly, condos approaching move-in readiness, and the opening of Homewood Suites and St. Elizabeth Physicians in their respective office buildings. These milestones are an exciting reflection of the development’s progress and momentum, enabling even more people to experience Ovation firsthand.”
Corporex, serving as both the master developer and construction manager for the Boardwalk Residences, has partnered with Paul Hemmer Company as the prime contractor for the last residential building. This final structure will consist of 26 single units and three double units across floors two through five. In addition, over 12,000 square feet of prime retail space will be available on the ground floor, adding an additional layer of convenience and vibrancy to the project. The expected completion date for this final building is the end of 2025.
Ovation itself is a nearly 25-acre, five-city block equivalent urban development located at the confluence of the Ohio and Licking Rivers in Northern Kentucky. Once fully completed, Ovation will become an iconic regional hub, offering a variety of residential, office, hospitality, and entertainment experiences. It will feature a world-class music venue, state-of-the-art office buildings, open green spaces, restaurants, bars, and one-of-a-kind public artworks. The development is designed to connect residents and visitors to the riverfront and provide unrivaled views of downtown Cincinnati. Ovation’s commitment to luxury, accessibility, and exclusivity will ensure it becomes an essential destination for both locals and tourists alike.
“From a development standpoint, Ovation is setting a new standard for the region,” said Blackwell. “We’re creating a community where people can live, work, and play, all with spectacular views and an unprecedented level of connectivity to the riverfront. This development is transforming not only the immediate area but the entire region. It’s an exciting time for us, and we’re thrilled to see Ovation continue to grow and evolve.”
About Corporex
Corporex is a leading national, privately held investment and development firm headquartered in Covington, Kentucky. With a 60-year history, the firm specializes in developing luxury residential, office, and mixed-use properties across the U.S. Corporex has an extensive portfolio of over 25 million square feet of real estate and more than $1 billion in assets under management. The company is deeply committed to community investment, having contributed over $3.2 million in corporate and foundation giving in 2024 alone.
About Ovation
Ovation is a dynamic 25-acre mixed-use development located in Northern Kentucky, directly adjacent to the Ohio and Licking Rivers. Once complete, the development will feature luxury residential options, office spaces, a world-class music venue, hotels, and retail spaces, all designed to provide a unique blend of modern living and entertainment. Ovation’s distinctive architecture, expansive river views, and emphasis on community and connectivity make it one of the most exciting developments in the region.