December 22, 20213 yr They probably learned that from Liberty Center where the restaurants, "experiences" and residential filled but the retail didn't all the way.
December 22, 20213 yr 1 hour ago, jwulsin said: Very interesting project. Anybody have old photos of the mall from the 60s or 70s? Would be curious to see what it looked like in its earlier iterations. Here's an early aerial from 1961: The outdoor promenade had been enclosed and the mall expanded by 1972:
December 23, 20213 yr I wonder what sort of effect this will have on surrounding real estate. Will the 70s and 80s be deleted from that part of town?
December 23, 20213 yr 25 minutes ago, zsnyder said: Will the 70s and 80s be deleted from that part of town? What do you mean by this question?
December 23, 20213 yr that most of the area came into being in the 70s and 80s, and that the 70s and 80s are the sponsor decades of retail hellscapes like tri-county. I would have said the 60s, also, but the area was still pretty rural, pastoral, and single-family then.
December 23, 20213 yr I suppose it would be better if the surrounding area went vertical like Upper Arlington did but there's no guarantee.
December 24, 20213 yr $1 billion overhaul of Tri-County Mall lands key approvals A proposed transformation of one of the region’s largest shopping malls into a massive mixed-used development landed key approvals this week after the developers behind the project unveiled their plans. On Wednesday, the Springdale City Council unanimously approved preliminary plans for the redevelopment. Those approvals included: a development agreement, a major modification to the Tri-County Mall planned unit development, and a memorandum of understanding to possibly relocate the Springdale Community Center to the mall property. It's the first major step forward for a project estimated to carry a total investment between $800 million to $1 billion. More below: https://www.bizjournals.com/cincinnati/news/2021/12/23/mall-overhaul-gets-approval.html "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
March 8, 20223 yr Tri-County Mall purchased for $37 million; $1 billion redevelopment moving forward By Tom Demeropolis – Senior staff reporter, Cincinnati Business Courier A pair of commercial real estate developers has purchased Tri-County Mall in Springdale as it works to transform the shopping mall into a mix of apartments, restaurants and retail space, recreation and education facilities, civic space, and science and medical space. MarketSpace Capital LLC and Park Harbor Capital LLC closed on the purchase of three different parcels of Tri-County Mall on March 7. The Texas-based commercial real estate firms purchased the main mall property from SingHaiyi Group, as well as 5 acres from Macy’s and a land lease from Transformco, which was previously Sears. Combined, the developers paid $37 million for total control of the more than 70-acre site. MORE
March 29, 20223 yr With $1B development planned, Tri-County Mall sets closing date One of the region's largest shopping malls is closing its doors for good as a pair of commercial real estate developers prepare to launch a $1 billion redevelopment of the site. In a statement posted to its website, officials with the Tri-County Mall announced the shopping center will close for good on May 15. The closure announcement comes weeks after MarketSpace Capital LLC and Park Harbor Capital LLC closed on the purchase of three different parcels of Tri-County Mall, with the deals totaling $37 million. More below: https://www.bizjournals.com/cincinnati/news/2022/03/29/tri-county-mall-announces-closing-date.html "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
May 9, 20223 yr Tri-County Mall redevelopment grows to $1.3 billion, gets new name The $1 billion transformation of Tri-County Mall into a mix of apartments, restaurants and retail space, recreation and education facilities, civic space, and science and medical space has grown in scope, and the development has a new name. MarketSpace Capital LLC and Park Harbor Capital LLC, the Texas-based commercial real estate developers who are partnering on the massive project, said the total investment is now projected to be $1.3 billion, with the first phase accounting for about $500 million. In addition, they have selected a name for the project, Artisan Village. The developers worked with BSB Group International on the branding and marketing for Artisan Village. Kash Shaikh, CEO of BSB, said the team was tired of using four letter word “mall” for the property. The team at BSB went deep into Springdale’s history to come up with the name Artisan Village. More below: https://www.bizjournals.com/cincinnati/news/2022/05/09/tri-county-mall-development-name.html "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
May 12, 20223 yr Messer Construction to work on $1.3 billion Tri-County Mall project, Artisan Village The largest general contractor based in Greater Cincinnati will be part of the team working on the transformation of Tri-County Mall into the $1.3 billion Artisan Village. Developers MarketSpace Capital LLC and Park Harbor Capital LLC selected Messer Construction Co., which is based in downtown Cincinnati with offices in nine other cities, to perform pre-construction services on the redevelopment project in Springdale. Michael VanHuss, founder and managing principal of Park Harbor Capital, said selecting Messer for this work was “easy.” Messer and the development team have already had numerous meetings, run budget models for the developers and they continue to work on a relationship that would result in Messer overseeing construction on the project. “Our hearts are local here now,” VanHuss told me. More below: https://www.bizjournals.com/cincinnati/news/2022/05/12/messer-to-work-on-artisan-village.html "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
May 13, 20223 yr On 12/23/2021 at 10:55 AM, Chas Wiederhold said: Time to beef up the 78 and turn it into proper BRT. I would LOVE that, but even with the levy that passed—I’m very, very skeptical that we’ll ever see real BRT in this city. I ride Metro regularly and once took the 78 from Downtown to Tri-County. Never again.
June 16, 20222 yr $1.3 billion Tri-County Mall redevelopment plan lands key approval The planned $1.3 billion transformation of the former Tri-County Mall into Artisan Village received a key approval Tuesday night from Springdale officials. MarketSpace Capital and Park Harbor Capital, the Texas-based co-developers of Artisan Village, received unanimous approval from the Springdale Planning Commission for the final development plan for phase 1 of the massive project. This approval paves the way for construction to begin. “Today’s approval represents a huge milestone for Artisan Village,” Michael VanHuss, founder of Park Harbor Capital, said in a news release. “Over the last 30 years, our team has worked on hundreds of redevelopment projects, but none have progressed as quickly and smoothly as Artisan Village.” More below: https://www.bizjournals.com/cincinnati/news/2022/06/16/artisan-village-plan-lands-key-approval.html "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
June 16, 20222 yr 1 hour ago, ColDayMan said: $1.3 billion Tri-County Mall redevelopment plan lands key approval The planned $1.3 billion transformation of the former Tri-County Mall into Artisan Village received a key approval Tuesday night from Springdale officials. MarketSpace Capital and Park Harbor Capital, the Texas-based co-developers of Artisan Village, received unanimous approval from the Springdale Planning Commission for the final development plan for phase 1 of the massive project. This approval paves the way for construction to begin. “Today’s approval represents a huge milestone for Artisan Village,” Michael VanHuss, founder of Park Harbor Capital, said in a news release. “Over the last 30 years, our team has worked on hundreds of redevelopment projects, but none have progressed as quickly and smoothly as Artisan Village.” More below: https://www.bizjournals.com/cincinnati/news/2022/06/16/artisan-village-plan-lands-key-approval.html The more and more I hear about this capital group/development team. Starting to really think this is going to flop hard. Things are starting to come out of the woodwork through the architecture and engineering side of the world about them... Hopefully they have changed course but the track record doesnt sound good.
January 19, 20232 yr Saw on I believe it was WCPO they were talking about Artisan Village being scaled down due to costs and they would have renderings on the newscast but wasn’t able to watch and cannot find it on their website. Just hope that they do build something nice and add a little bit of varying heights and not just decide to do some CUF style apartment buildings.
January 19, 20232 yr Is it sad that I’m happy about the project scaling back because I’m hoping they leave most or all of the mall structure intact?The skylights in that mall and how they are designed is special, it’s a really cool space even though it’s a mall in suburbia. I’d love to see the corridor parallel to 747 turned into, and this is going to sound really tacky, but something like the Gaylord Opryland in Nashville. Some nice gardens through the center and idk what would happen to the actual in-line and anchor tenant spaces. Again, crazy idea, but why spend that many hundreds of millions of dollars to demolish and rebuild when the base structure can be turned into something pretty cool?Sent from my iPhone using Tapatalk
January 19, 20232 yr It's a bit more...umm... More below: https://www.wcpo.com/news/local-news/i-team/new-look-for-artisan-village-at-former-tri-county-mall-in-springdale "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
January 19, 20232 yr ^It looks like they recycled renderings from Grandview Yard lolSent from my iPhone using Tapatalk
February 8, 20241 yr https://www.wcpo.com/news/local-news/i-team/developer-of-tri-county-mall-makeover-fights-foreclosure-has-no-interest-in-losing-the-property Honestly saw this coming.
February 8, 20241 yr It's a shame, but yeah... there's no way this is getting off the ground in this climate. They probably figured the capital budgets at like 3-4% interest rates on debt, and it's probably ballooned to 8-10% for them now. So it'll just decay more. There have been some other good developments nearby (Costco backfilled by a food manufacturer, BidFTA taking up the At Home space, Best Buy reopening their store as an outlet, U-Haul taking over the old Walmart), so good things are happening in the outlying strip malls at least. It's a gorgeous mall, hated to see it be demolished anyways. Hopefully somebody can figure out a way to re-use it as-is Edited February 8, 20241 yr by SWOH
February 8, 20241 yr All of a sudden it costs too much to tear down a mall. It also costs an enormous amount to build something this large and intricate in 2024. Since this mall hasn't seen the kind of decay that the 2000s and 2010s dead malls did with roof collapses, vandalism, scrap metal theft, burst pipes, mold etc. watch it survive. No it won't come back as a mall but a structure such as this is not too "valuable" but more like "too hard to replicate" under today's conditions.
February 8, 20241 yr Hoo boy. Looks like it'll become another Century III but as they are not a slumlord (unlike Moonbeam Capital or whoever owns Century III), this may not decay or deteriorate as quickly.
February 8, 20241 yr Cincinnati doesn't really do blighted malls. Forest Fair was (is?) the nicest abandoned mall in the country. It could('ve) be(en) the next Kyova Mall if it wanted to be! "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
February 8, 20241 yr I was trying to think of some but all I came up with was Swifton Commons. Everything else is either a lifestyle center, strip mall and/or saved anchor spaces.
February 9, 20241 yr Artisan Village developers fighting foreclosure after defaulting on $28M loan Tri-County Mall’s Texas-based owners have defaulted on their $28 million loan, sending the property into foreclosure – but the owners aren't ready to step away from their proposed $1 billion redevelopment of the site and are fighting to retain control of the property. MarketSpace Capital LLC and Park Harbor Capital LLC purchased the former Tri-County Mall for $37 million in March 2022, with a vision to transform it into a vibrant mixed-use development. The project – dubbed Artisan Village – quickly rose to an estimated $1 billion investment and was approved by Springdale officials in June 2022 for up to 2,600 multifamily residences; 600,000 square feet for retail, restaurant and entertainment; 750,000 square feet of office space; and 400 hotel rooms. But the $28 million loan that helped fuel the acquisition and first phase of Artisan Village has matured, according to court documents. It’s now in default, along with two promissory notes and a mortgage on the property. More below: https://www.bizjournals.com/cincinnati/news/2024/02/09/artisan-village-tri-county-mall-foreclosure-suit.html "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
February 12, 20241 yr Now it comes full circle why BHDP ran away from this project and developer a couple years ago...
March 20, 20241 yr Industrial Realty Group offers alternative proposal for Tri-County Mall redevelopment By Brian Planalp – Staff reporter, Cincinnati Business Courier Mar 20, 2024 Industrial Realty Group, a Los Angeles-based real estate developer, recently sent the city of Springdale a site plan for a redeveloped Tri-County Mall that includes a 270,000-square-foot convention center as its first phase. The rudimentary site plan was sent to the city by email, according to Springdale Economic Development Director Andy Kuchta. It’s unclear whether the city had any prior contact with IRG or whether the site plan came with additional documentation. Nor would Kuchta confirm it was in fact IRG that sent the email. Though lacking in details, the site plan appears to differ from that proposed by two Texas-based commercial real estate firms in December 2021. MarketSpace Capital LLC and Park Harbor Capital LLC sought to transform the mall into Artisan Village for $1.3 billion. MORE
March 20, 20241 yr 1 hour ago, The_Cincinnati_Kid said: Industrial Realty Group offers alternative proposal for Tri-County Mall redevelopment By Brian Planalp – Staff reporter, Cincinnati Business Courier Mar 20, 2024 Industrial Realty Group, a Los Angeles-based real estate developer, recently sent the city of Springdale a site plan for a redeveloped Tri-County Mall that includes a 270,000-square-foot convention center as its first phase. The rudimentary site plan was sent to the city by email, according to Springdale Economic Development Director Andy Kuchta. It’s unclear whether the city had any prior contact with IRG or whether the site plan came with additional documentation. Nor would Kuchta confirm it was in fact IRG that sent the email. Though lacking in details, the site plan appears to differ from that proposed by two Texas-based commercial real estate firms in December 2021. MarketSpace Capital LLC and Park Harbor Capital LLC sought to transform the mall into Artisan Village for $1.3 billion. MORE I’m confused as to why they would put in another convention center when they just renovated the sharonville one.
March 20, 20241 yr The Tri-County Mall site is a 5 minute drive from the Sharonville Convention Center. It does not make sense to build more convention space here. It might make sense to make this location the new Hamilton County Suburban Convention Center if the Sharonville Contention Center was going to go away, but since it was just renovated, I don't see that happening. (Looks like @Ucgrad2015 and I simultaneously had the same thought.)
March 20, 20241 yr I'm going to keep harping on this point. Grifters looking for public money are trying to sell convention space everywhere. I don't understand, there's also tons of small convention space in hotels all across the region. In progress/Complete: -Downtown Cincinnati -Sharonville Proposed: -Springdale -Colerain -NKY The next grift appears to be mega youth sports complexes. Concert venues seem to be shoehorned into tons of planned developments too. Be on the lookout!
March 20, 20241 yr I think a lot of these places see all these trading card and gymnastics tournaments going all the time and want to get in on the action.
March 20, 20241 yr 32 minutes ago, GCrites said: I think a lot of these places see all these trading card and gymnastics tournaments going all the time and want to get in on the action. Travel sports are a status symbol for the parents. Putting your kids in travel sports means that the adult friends will be professional class and not auto mechanics.
May 7, 20241 yr Tri-County Mall developers agree to sale, get 30 days to repay $28M loan The developers who proposed the $1.3 billion transformation of Tri-County Mall have until June 1 to come up with enough money to repay the $28.2 million loan they took out to buy the property in 2022, or else it will be sold back to the lenders. The Texas-based developers, MarketSpace Capital LLC and Park Harbor Capital LLC, and the lenders, represented by Utah-based Reef Private Credit, gave notice of a settlement agreement May 2. The agreement, according to a May 2 court order, allows CBRE Senior Vice President David Browning, the court-appointed receiver, to sell the mall to Reef Private Credit. Browning asked the court to approve the sale in January. More below: https://www.bizjournals.com/cincinnati/news/2024/05/06/tri-county-mall-cincinnati-sale-marketspace-reef.html "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
July 31, 2024Jul 31 Developer mulls enhanced plan for Tri-County Mall: 'We're two years smarter' The team behind the transformation of Tri-County Mall has hit the ground running after reacquiring the 76-acre property from a former lender. MarketSpace Capital closed on the mall July 19. Almost immediately afterward, the development team met with representatives from the city of Springdale, including Mayor Lawrence Hawkins, City Administrator John Jones and Economic Development Director Andy Kuchta. “It was a really good, highly professional conversation,” said John Rickert, president and executive managing partner at Ricore | Lee & Associates. The developer appointed Rickert to handle brokerage, marketing and property management services for the project. More below: https://www.bizjournals.com/cincinnati/news/2024/07/30/tri-county-mall-redevelopment-city-springdale.html "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
September 18, 2024Sep 18 Tri-County Mall project, now 'City Center Springdale,' sees significant progress The ownership group behind Tri-County Mall’s $1.3 billion redevelopment has hired a civil engineer, brought on one of Cincinnati’s largest law firms, created a revised concept plan and is now showing off new branding as the project continues to press forward. The development, formerly known as Artisan Village, is now City Center Springdale, a name more in line with the city of Springdale’s vision for the site, according to John Rickert, president and executive managing partner at Ricore | Lee & Associates. The development’s new website says leasing is underway. More below: https://www.bizjournals.com/cincinnati/news/2024/09/18/tri-county-mall-city-center-springdale-development.html "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
September 19, 2024Sep 19 They must be locked into the tenants in those outparcels, at least I would hope that's the case.
September 19, 2024Sep 19 15 hours ago, CincyIntheKnow said: That site plan is uninspired It is but I honestly did not think any sort of the old renderings that showed greater density was ever going to happen. It was also going to continue to get watered down.
September 19, 2024Sep 19 1 hour ago, Dev said: They must be locked into the tenants in those outparcels, at least I would hope that's the case. Yeah, I would hope that's the reason. There's already plenty of parking in the garages to service this development. I'd hope they'd just build more outparcels on that sea of parking as this thing gains traction and residents. Kind of like Liberty Center. Edited September 19, 2024Sep 19 by 10albersa
September 19, 2024Sep 19 5 hours ago, Ucgrad2015 said: It is but I honestly did not think any sort of the old renderings that showed greater density was ever going to happen. It was also going to continue to get watered down. It is not that hard to take it a couple steps forward... (red are my edits)
October 9, 2024Oct 9 New Tri-County Mall owner changes development plan, gets key approval The anticipated redevelopment of Tri-County Mall, revived thanks to a new ownership group, has cleared its first hurdle as details emerge about how the current plan differs – in some significant ways – from the original. The Springdale Planning Commission Oct. 8 voted unanimously to recommend approval of a major modification for the planned unit development, or PUD, covering the 76-acre site. The existing PUD for Tri-County Mall's redevelopment was created in December 2021 under the previous ownership group. Next up, the PUD modification heads to Springdale City Council. The first reading of the ordinance is scheduled to occur at the Nov. 6 meeting, and the public hearing and vote is scheduled for the Nov. 20 meeting. More below: https://www.bizjournals.com/cincinnati/news/2024/10/09/tri-county-mall-springdale-redevelopment-timeline.html "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
October 10, 2024Oct 10 Not nearly enough parking -- what are they thinking?!? <sarcasm> Sorry, but this is still heavily car-dependent design. And I don't think that's sustainable. Someone should run the numbers on the maintenance costs for the next 50 years of all that pavement -- will the development support it?
October 10, 2024Oct 10 I have a feeling this is going to end up a lot like the Centre Pointe development off Union Centre.
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