The Kenwood Collection

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The Kenwood Collection

Kenwood Towne Place in 2010

Location
Kenwood, Ohio

Coordinates
39°12′17″N 84°22′26″W / 39.204731°N 84.373843°W / 39.204731; -84.373843Coordinates: 39°12′17″N 84°22′26″W / 39.204731°N 84.373843°W / 39.204731; -84.373843

Management
Jeffrey R. Anderson Real Estate

Owner
Phillips Edison

Total retail floor area
336,885

No. of floors
8

Website
thekenwoodcollection.com

The Kenwood Collection, formerly Kenwood Town Place, is a shopping center in Kenwood, Ohio, United States, between Interstate 71 and Kenwood Towne Centre.

Contents

1 History
2 Financial trouble
3 Criminal investigation
4 Civil litigation
5 Recent problems
6 Stores (as of April 2013)
7 References

History[edit]
Kenwood Towne Place was a $175 million development project funded by Bear Creek Capital, Neyer Holding Corporation and Dov Limited. Groundbreaking for Kenwood Towne Place happened on April 4, 2007.[1] Kenwood Towne Place also includes a $33 million public parking garage funded by bonds underwritten by the Port of Greater Cincinnati Development Authority.[2]
The original anchor tenants were supposed to be The Container Store, Crate & Barrel, Ethan Allen, Kroger, and LA Fitness. In March 2008, Borders Books announced that it would open a store in the complex, stating “It’s going to be one of their new prototype stores, which I think they’re doing so many across the country. It’s a higher-end bookstore experience.” [3] It was set to be a 28,000-square-foot (2,600 m2) Borders new-concept store.
In March 2008, UBS Financial Services Inc. signed a deal to lease 32,000 square feet (3,000 m2) of the office space on the top floor.[4]
Kroger opened a Fresh Fare store on October 26, 2008.[5]
The Container Store opened on November 8, 2008 [6][7]
Crate & Barrel opened on November 20, 2008 [8]
On April 15, 2009, Mitchell’s Salon & Day Spa opened.[9]
Financial trouble[edit]
At the end of December 2008 and the start of January 2009, several contractors filed almost $5 million in liens against Bear Creek Capital’s Kenwood Towne Place.[10]
In late January 2009, problems with the development project began to surface, as more than two dozen liens were filed that had a combined total value of $17 million over a two-week period.[11] While the liens were being pla
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