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Kenwood Collection reveals new look (Images)Tom Demeropolis Reporter- Cincinnati Business Courier Phillips Edison & Co. kicked off the International Council of Shopping Centerís 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.
Quote from: kjbrill on May 19, 2014, 03:44:33 PMIf 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.
Kenwood is the very BEST in metro Cincinnati, from store selection to facility no other destination in our region comes even close.
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.
Quote from: jmnempire on May 19, 2014, 09:12:33 PMKenwood 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. Quote from: jmnempire on May 19, 2014, 09:12:33 PMwithout 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).
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.
From General Growth Properties site quote: "Specialty shops produced sales of $305,600,000 in 2013."
Quote from: jmnempire on May 21, 2014, 09:52:30 PMFrom 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 think they would not go to Liberty, it is either Kenwood or stay where you are for Saks.