I'm not all that sure if Tiffany's Kenwood would make that much more money than Downtown unlike the Saks move. I would assume that rent in The Collection would be far higher than Fountain Place also? But Either way I wouldn't be super upset I only really shop in Kenwood like so many in the City, plus Tiffany's Prime Corner 5th and Vine location would not sit empty for long I guarantee.

Tiffany is a destination store for sure. Destination stores have more flexibility with their location decisions since they generate their own foot traffic.

Kenwood Collection reveals new look (Images)

Tom Demeropolis Reporter- Cincinnati Business Courier

 

 

Phillips Edison & Co. kicked off the International Council of Shopping Center’s Global Retail Real Estate Convention in Las Vegas with new renderings of the Kenwood Collection.

 

To view a slideshow of the new renderings, click on the image to the right.

 

http://www.bizjournals.com/cincinnati/news/2014/05/19/kenwood-collection-reveals-new-look-images.html

^

 

“Hayden and Co." -  I wonder what that’s supposed to be? I think that’s a trademarked shade of teal, if I’m not mistaken.

LOL.  I can't wait for the "Curburry" in slide 6 to open.

Kenwood Collection reveals new look (Images)

Tom Demeropolis Reporter- Cincinnati Business Courier

 

 

Phillips Edison & Co. kicked off the International Council of Shopping Center’s Global Retail Real Estate Convention in Las Vegas with new renderings of the Kenwood Collection.

 

To view a slideshow of the new renderings, click on the image to the right.

 

http://www.bizjournals.com/cincinnati/news/2014/05/19/kenwood-collection-reveals-new-look-images.html

 

If the finished product looks that well it will be and asset to the area.

If the finished product looks that well it will be and asset to the area.

 

Just one more mall in an area already oversaturated with them.  Whenever I'm forced to go to Kenwood, it blows my mind that anyone would shop there voluntarily (traffic, parking, etc.).  I basically avoid Kenwood at all costs unless store X doesn't have another location in the region.

If the finished product looks that well it will be and asset to the area.

 

Just one more mall in an area already oversaturated with them.  Whenever I'm forced to go to Kenwood, it blows my mind that anyone would shop there voluntarily (traffic, parking, etc.).  I basically avoid Kenwood at all costs unless store X doesn't have another location in the region.

 

Oh I agree, I never go to Kenwood. I just commented if carried out like the pictures it will look nice. And I am sure many people will go, more than go now. I just won't be one of them. And when I think why would anyone want to work in that office tower it boggles my mind. Traffic, parking, and on top of what was already poor traffic flow.

^Yeah.  I remember you posting about the traffic and whatnot in Kenwood.  That wasn't aimed at you specifically.  I'm just constantly surprised at the number of people who choose to shop there when the experience is so poor.  I guess having the only Apple store, Crate & Barrel, Nordstrom's etc. is worth something.

Kenwood is the very BEST in metro Cincinnati, from store selection to facility no other destination in our region comes even close. That's why so many people shop there, without even counting the anchor tenants it grosses more than 300 Million dollars in sales a year those numbers are available on the General Growth Properties website. With The Kenwood Collection the area is not gonna lose the Crown for a long time to come.

Kenwood is the very BEST in metro Cincinnati, from store selection to facility no other destination in our region comes even close.

 

Your definition of "best" and mine differ then.  Kenwood Towne Center is just a mall with bad traffic and a parking problem, nothing special.  They've just parlayed their centralized location and proximity to some wealthy neighborhoods into becoming the premier shopping destination in the region. 

 

without even counting the anchor tenants it grosses more than 300 Million dollars in sales a year those numbers are available on the General Growth Properties website.

 

You have to count the anchor tenants, though.  Without those, Kenwood Towne Center is Northgate Mall.  To their credit, Kenwood has done a very nice job of locking up several high profile stores that are exclusive to the region (Restoration Hardware, Nordstrom's, Crate & Barrel, The Apple Store, Pottery Barn, Williams Sonoma, The Cheesecake Factory, Maggiano's, now Saks, and possibly Tiffany's).  That's why they perform better than other shopping districts in the area. 

 

If you don't have to visit one of the stores that is located only in Kenwood, it isn't worth passing up whatever venue is closest to you, like Rookwood Commons or Crestview Hills Town Center (auto-oriented, though they may be). 

^ I completely disagree.  Kenwood is far and away the best shopping area in Cincinnati.  As you mentioned, it has the most high end stores in the region (Michael Kors, Nordstrom, Tesla, True Religion, Lilly Pulitzer, Brooks Brothers, Kate Spade), it also has the Apple, Lego, Bose and several other unique to region, interesting stores.  Also, the stores that do exist in other locations in the region usually have their best selection at the Kenwood store.  For example, when I was looking to buy my glasses frames, I started looking at the Rookwood location because it's closer to where I live.  There was next to no selection so I went up to Kenwood later in the week, and there was probably 3x as many choices.  The Macy's is huge and by far the best in the area, too.  I really don't find the traffic in Kenwood that bad, other then around the holiday season.  Honestly, I think Rookwood is a bigger pain in the ass to navigate than Kenwood.

I do find the traffic argument funny.  What other shopping area of any remotely equivalent size doesn't have similar traffic problems?

On the topic of traffic, The Kenwood Collection would have a very ideal location should there ever be an I-71 light rail line and a stop at Montgomery.

Kenwood is the very BEST in metro Cincinnati, from store selection to facility no other destination in our region comes even close.

 

Your definition of "best" and mine differ then.  Kenwood Towne Center is just a mall with bad traffic and a parking problem, nothing special.  They've just parlayed their centralized location and proximity to some wealthy neighborhoods into becoming the premier shopping destination in the region. 

 

without even counting the anchor tenants it grosses more than 300 Million dollars in sales a year those numbers are available on the General Growth Properties website.

 

You have to count the anchor tenants, though.  Without those, Kenwood Towne Center is Northgate Mall.  To their credit, Kenwood has done a very nice job of locking up several high profile stores that are exclusive to the region (Restoration Hardware, Nordstrom's, Crate & Barrel, The Apple Store, Pottery Barn, Williams Sonoma, The Cheesecake Factory, Maggiano's, now Saks, and possibly Tiffany's).  That's why they perform better than other shopping districts in the area. 

 

If you don't have to visit one of the stores that is located only in Kenwood, it isn't worth passing up whatever venue is closest to you, like Rookwood Commons or Crestview Hills Town Center (auto-oriented, though they may be). 

 

I have to say, I went to Northgate recently because I was in the area.  The difference between that and Kenwood in terms of the mall itself--quality of stores, foot traffic, etc.--is akin to the difference in urbanity between walking in OTR and walking through a circa-2005 subdivision.  I was truly amazed at how much more upscale and thriving Kenwood is. 

Jimmy_James I completely disagree also it's the non anchor tenants that make Kenwood Towne Center what it is and the BEST in our region. There are many tenants at Kenwood that only have 1 location in our Metro Michael Kors, Apple, Microsoft, Coach, Bose I can go on and on. Those tenants outside of a possible 2nd apple store in the future will also probably not add anymore locations in Cincinnati either. And you also mentioned that  those sales numbers of 300million must include the anchors but according to news articles and General Growth Properties it clearly states NOT including anchor tenant sales. In addition to hit on a point mentioned I have worked at a retail store in kenwood and it is true that retailers do send product to kenwood that will not go to other locations in the market.

From General Growth Properties site quote: "Specialty shops produced sales of $305,600,000 in 2013."

There are many tenants at Kenwood that only have 1 location in our Metro Michael Kors, Apple, Microsoft, Coach, Bose I can go on and on.  Those tenants outside of a possible 2nd apple store in the future will also probably not add anymore locations in Cincinnati either.

 

Isn't that basically what I said?  Those are the main draw of Kenwood and what makes it feel exclusive.  Otherwise, you can get much of what is offered elsewhere.

 

And you also mentioned that  those sales numbers of 300million must include the anchors but according to news articles and General Growth Properties it clearly states NOT including anchor tenant sales.

 

I didn't say that the $300 million includes the anchors' sales, I said that you can't ignore the anchors.  That 300 million figure may exclude the anchors, but if those unique anchors like Nordstroms weren't there, the spillover business that comprises much of that $300 million would happen elsewhere.  In Kenwood's case, some of the specialty stores are functioning as anchors themselves.  You might not go to Kenwood if you only want to shop at The Gap, but if you have to go to The Apple Store anyway, you might buy a sweater at Kenwood instead of the mall closest to your house.

 

Kenwood definitely has more stores.  Does that make it a better experience?  Not to me.  It's simply the only option in town for some of the venues.  They've done a nice job carving out that niche.  I just don't see a lot of difference in the experience offered between Florence Mall, Northgate Mall, Kenwood Towne Center, etc.  But I guess I'm not the target demo.  To each their own, I suppose. 

Other than store mix the design-layout and just overall feel of Kenwood versus the other shopping venues are just not even close. GGP keeps that mall extremely clean and well maintained regardless of the huge foot traffic it sees, including what seems like almost constant investment on renovations big and small with the latest wrapping up late last year to make the whole mall feel more like the Nordstrom Wing. I do think that it's about personal taste tho so whatever floats your boat.

From General Growth Properties site quote: "Specialty shops produced sales of $305,600,000 in 2013."

 

Wait, does that mean all inline stores or just specialty in the mall lexicon? "Specialty" in the mall world means non-national inline stores, kiosks, restaurants and food court tenants that have sub 3-5 year leases. The store I own is a specialty tenant in a mall up here in central Ohio. So that wouldn't even include the Apple store for example because they are a national long-term tenant. If so, $300M is beyond massive.

Not sure good question tho, I will say this I love Kenwood to death and go at least once every couple weeks but even I was shocked when I saw the 300million dollar number and stunned when it said minus anchors.

And I do apologize this thread is about The Collection so getting a little off topic. I do hope we get a Burberry and maybe a Zara that would be GREAT!

From General Growth Properties site quote: "Specialty shops produced sales of $305,600,000 in 2013."

 

Wait, does that mean all inline stores or just specialty in the mall lexicon? "Specialty" in the mall world means non-national inline stores, kiosks, restaurants and food court tenants that have sub 3-5 year leases. The store I own is a specialty tenant in a mall up here in central Ohio. So that wouldn't even include the Apple store for example because they are a national long-term tenant. If so, $300M is beyond massive.

 

I do know that the anchors (Nordstrom/Dillard's/Macy's) are not included in $305+ million. I think everything else is, including restaurants.  Not sure how Nordstrom does, but Macy's is in their top 10% of stores.  It brings in about $70 million per year. That doesn't include the furniture gallery across the street, which does around $12 million per year.  As a comparison, the next busiest Macy's store in the market is Florence Mall, at around $30 million per year.  With the new Kenwood Collection coming, and recent upgrades to Kenwood Towne Centre, the only thing left to do to is for them to tear down and build a new Dillard's.  That store is way too outdated for the location it's in. 

They have started a new floor to this building.

About time we start to hear about some tenants.

 

 

http://m.bizjournals.com/cincinnati/news/2014/07/16/preppy-retailer-looks-at-kenwood-collection-for.html

pretty big news, both for how the final form of the kenwood collection plays out and (potentially) the future of downtown retail.

 

http://www.cincinnati.com/story/money/business/2014/08/19/saks-kenwood-collection/14286865/

Looks like they are staying downtown. Cranley saves the day for Cincinnati retail.

Maybe they could move into a newer and better space in the proposed Pogue's garage tower. 

At the end of the day, Saks has only stayed DT for so many years because of subsidies by the City...they could just as easily land a deal to move to the new Liberty Center development. 

 

Granted i have no idea if that store is profitable or not but it seems they were looking to leave that location.

I think they would not go to Liberty, it is either Kenwood or stay where you are for Saks.

Yeah, no one would drive that far unless it's a visit to IKEA.

Tangentially related, but I noticed today that the Dillonvale TJ Maxx closed and has moved to the former Barnes & Noble space in Sycamore Plaza, opening on the 21st.  I figured the old Linens 'n Things space (which is still empty) would be a better fit for them, but either way I found the move surprising. 

I think they would not go to Liberty, it is either Kenwood or stay where you are for Saks.

 

Hasn't Liberty Center had a pretty rough time finding good (read: high-end) tenants anyway?

I bet it wants to be on the banks.

I doubt it. If they want to stay downtown they are in the best spot (next to macys). You never want to be an island in retail. No chance they go to Banks

Assuming they stay put that's great news for Cincy and all medium sized metros looking to sustain or beef up their retail offerings

Snapped this picture this morning driving on I-71 (probably not the safest thing I've ever done), but this is starting to look like something different. The corners have been chamfered  and the roof is being raised and has a subtle arch to it. It definitely looks like it's going to be better than the original design, now if only it was in the basin and not in the burbs.

I actually think it's great this development is happening where it is. Hopefully it spawns more verticle elements in the Kenwood Area.  It will be important though, that the urbanification™ of Kenwood also includes increased pedestrian designs.

Yay no rust. Why does this look like Columbia Sussex hq in NKY?

You can see this building from 275 East at Loveland. It's pretty cool. There aren't that many long views of things in the suburbs.

 

Yay no rust. Why does this look like Columbia Sussex hq in NKY?

Actually the place down at Rookwood looks more like CS. HQ.

  It will be important though, that the urbanification™ of Kenwood also includes increased pedestrian designs.

 

That would be great, but it seems somewhat unlikely

 

 

Yay no rust. Why does this look like Columbia Sussex hq in NKY?

Actually the place down at Rookwood looks more like CS. HQ.

 

I take this back.  I see the resemblance now.

Is there any information on what restaurant will be located on the top of this development...Building looks great from highway.  Agree, more vertical development is needed in Kenwood including a hotel with conference space...

EXCLUSIVE: Kenwood Collection lands office tenant with major expansion plans

Apr 8, 2015, 12:30pm EDT

Tom Demeropolis Senior Staff Reporter- Cincinnati Business Courier

 

 

Kenwood Collection, the mixed-use office and retail development under construction along Interstate 71, has signed another lease with an expanding office tenant.

 

New York Life Insurance Co. signed a long-term lease for 12,000 square feet of space at Phillips Edison & Co.’s high-profile development.

 

http://www.bizjournals.com/cincinnati/news/2015/04/08/exclusive-kenwood-collection-lands-office-tenant.html

BTW the crane is gone now and it appears work on the exterior of the tower is done.

With Saks gone, whats happening with the retail component?

 

Are the smaller anchors like Vineyard Vines still committed?

I heard from someone at Saks that one of the reasons they pulled out was that the developer could not find enough high-end tenants. If this is the case, then I would imagine that the answer to your question is "nothing."

I heard from someone at Saks that one of the reasons they pulled out was that the developer could not find enough high-end tenants. If this is the case, then I would imagine that the answer to your question is "nothing."

Ah. Ouch! Thanks for the answer.

 

Hopefully they can draw in some good stores for this space.

EXCLUSIVE: Kenwood Collection reveals new design for retail space

May 18, 2015, 4:43pm EDT 

Tom Demeropolis 

Cincinnati Business Courier

 

PECO Real Estate Partners, the spin-off company from Phillips Edison & Co. that is leading development of Kenwood Collection, released updated renderings of the more than $125 million project.

 

The new renderings of Kenwood Collection show a completely reworked retail portion of the mixed-use project along Interstate 71 in Sycamore Township.

 

http://www.bizjournals.com/cincinnati/news/2015/05/18/exclusive-kenwood-collection-reveals-new-design.html