Four years and $200 million later, The Kenwood Collection is taking shape.
The building, once an eyesore off I-71 and plagued with legal problems, is more than 80 percent leased. CEO of PECO Real Estate Partners (PREP) Michael Phillips, describes the space as interactive.
Before the end of the year he says new stores and restaurants will open to complete what he says will be a "lifestyle driven shopping experience."
Phillips envisions shoppers "Going somewhere where they can exercise, have a cup of coffee, maybe to to the grocery store and have something where they don't have to stock up for months, and then walking over to look at something for their house....and coming back later and bringing their kids," for an entertainment experience.
Current and future retail tenants:
- Crunch Fitness
- Cyclebar
- Mitchell Gold-Bob Williams
- 365 by Whole Foods
- Crate & Barrel
- The Container Store
- Matt the Miller's Tavern
- LL Bean
- Mitchell's Salon & Day Spa
The Tower's office tenants include Merrill Lynch, Unlimited System, The Hauser Group, New York Life, AssuredPartners, Ameriprise Financial, PLK Communities, Bellwether Enterprise, Partners Specialty Group, RoundTower Technologies, Quotient Technology, PatientPoint, and Oppenheimer & Co.
A division of PREP purchased Kenwood Towne Place in July 2012 from a bank-lending group led by Bank of America. The development and construction of the original project was interrupted in 2008 due to financial problems of the previous developer, Bear Creek, which prompted a lengthy legal battle and an FBI investigation.
