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The property on West Fifth Street Downtown has been vacant since the department store closed in 2022. The city purchased the building for $3 million earlier this year.
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The city is considering a sale of the building to 3CDC for a $23 million development project.
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Cincinnati will spend $3 million to purchase the now-empty location of the former Saks Fifth Avenue Downtown. The department store permanently closed at the end of last year.
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The Canadian chain Hudson's Bay Co., which owns Saks Fifth Avenue and Lord & Taylor, is in discussions to buy Macy's, according to the Wall Street…
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Saks Fifth Avenue, located in downtown Cincinnati, will apparently not move to Kenwood. Developer Phillips Edison and Company said "due to the economics…