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Saks Fifth Ave. will move to Kenwood

Update:  Cincinnati officials react:

Councilman P.G. Sittenfeld tweeted "Yes, it would have been nice to keep @Saks in the City, but I remain very bullish about Downtown. Our momentum will continue to snowball"

DCI President David Ginsberg says, while sad to lose Saks to Kenwood, the Race Street Corridor is undergoing a lot of change and he sees more development coming downtown.


Saks Fifth Avenue has signed a letter of intent to move from downtown Cincinnati to Kenwood. Developer of The Kenwood Collection, Phillips Edison, says Saks will lease 80-thousand square feet on two levels of the I-71 development. The Kenwood Collection, formerly Kenwood Towne Place, has sat largely vacant since 2008. The project fell into bankruptcy after former developer Bear Creek Capital was unable to pay contractors.

A release says Saks to lease approximately 80,000 square feet of retail space over two levels of the building that fronts Interstate I-71. The store is scheduled to open in the spring of 2016.

The reinvention of The Kenwood Collection continues," said David Birdsall, president of Phillips Edison & Companys Strategic Investment Funds (SIF). "Securing a commitment from Saks Fifth Avenue is a major step in realizing our vision of creating a premiere shopping experience at The Kenwood Collection. Saks will be an anchor that allows us to attract new-to-market retailers and drive new customers to our region from the entire Midwest area."

Current retail tenants include Crate & Barrel, The Container Store and Mitchell’s Salon & Day Spa.

Neace Lukens, one of the region’s largest insurance companies, has agreed to lease one of the seven floors in the planned office tower.

Ann Thompson has decades of journalism experience in the Greater Cincinnati market and brings a wealth of knowledge and expertise to her reporting.