The city of Cincinnati will take public input on the potential sale of the 77,000-square foot building at 101 West Fifth Street that once housed Saks Fifth Avenue.
The property near the convention center became vacant after Saks closed in 2022, and the city purchased it for $3 million earlier this year. The Cincinnati Center City Development Corporation wants to purchase it from the city for $1 in order to do a $23 million redevelopment project there. That development would include more than 66,000-square feet of office space and another 8,600-square feet of commercial space.
The city says an appraisal of the property is currently underway. A previous valuation placed its value at $2.6 million.
RELATED: Plans for revamping Cincinnati's convention district are taking shape
The vacant building is near the Duke Energy Convention Center in an area seeing a lot of attention as the city works to revamp its convention offerings in a bid to lure more large events to town.
The city's Department of Planning and Engagement will hold a public input session on the potential sale of the Saks building Aug. 9 at 4 p.m. More information on how you can take part is available here.