Kenwood Towne Place

Phillips Edison

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.


Phillips Edison

The former troubled Kenwood Towne Place, now known as Kenwood Collection will open in the spring of 2015. As it takes shape, Sycamore Township is being proactive to prevent traffic problems.

You don't have to remind Township Board President Tom Weidman how backed up traffic can get in Kenwood around the holidays. He says, "From the first day after Thanksgiving to sometime in January we all have to coexist down there."

Phillips Edison

Developers of the newly named Kenwood Collection are in Las Vegas this week for the International Council of Shopping Center's Global Retail Real Estate Convention. There, David Birdsall, senior vice president of Strategic Investment Funds for Phillips Edison, hopes to find retailers for this new development.

Ann Thompson / WVXU

Developer Phillips Edison and leasing agents Jones Lang LaSalle and Jeffrey R. Anderson Real Estate are beginning to market the newly named "Kenwood Collection," known to most as Kenwood Towne Place.  

Ann Thompson / WVXU

The man responsible for the unfinished Kenwood Towne Place project is under indictment. Former Managing Director Matt Daniels is charged with 25 conspiracy and fraud counts.

The indictment alleges Daniels borrowed millions from a bank to develop Kenwood Towne Place but instead used the money for personal gain.

FBI Special Agent Ed Hanko says the investigation took three years.

Ann Thompson / WVXU

The chief financial officer of Kenwood Towne Place and its developer, Bear Creek Capital, is being accused of bank fraud.

Tina Schmidt was indicted Thursday in federal court in Cincinnati. The indictment alleges Schmidt and others knowingly took millions in loans from Bank of America to build the now defunct retail and office complex next to Kenwood Towne Center but instead used the money for other projects.

Her attorney could not be reached for comment.

The property was sold to a new developer last month.