Residences at Kenwood Coll. Property Development Cincinnati

Last Updated on: 1st March 2025, 04:02 am

The Kenwood Collection is a premier mixed-use development that stands as a testament to modern urban planning. Located adjacent to Kenwood Towne Centre, this 520,000-square-foot project combines retail, office, and residential spaces to create a vibrant community hub. The development has a rich history, including initial financing through a $20.43 million TIF bond and later financial restructuring¹.

This project faced significant redevelopment challenges, including a foreclosure case, but was revitalized when Phillips Edison took ownership. The site now features a state-of-the-art parking garage funded by TIF debt, enhancing its accessibility and convenience¹. The strategic location and high-quality construction make it a milestone achievement in the area.

The Kenwood Collection has attracted $170 million from outside investors, with more than 80% of the space currently leased. This success highlights the project’s appeal and its ability to meet the needs of both businesses and residents¹.

Key Takeaways

The Kenwood Collection is a 520,000-square-foot mixed-use development.
It is strategically located next to Kenwood Towne Centre.
The project overcame redevelopment challenges and financial restructuring.
Phillips Edison now owns the site, ensuring its continued success.
The development includes a modern parking garage funded by TIF debt.
It has attracted $170 million in outside investments.
More than 80% of the space is currently leased.

Overview of a Premium Mixed-Use Development

A standout project in Sycamore Township, this development combines residential and commercial spaces seamlessly. It’s designed to meet the needs of modern urban living while fostering a sense of community. With its strategic location and thoughtful planning, it has become a hub for both residents and businesses.

mixed-use development

Key Project Highlights and Amenities

The development features state-of-the-art construction and a variety of premium amenities. From spacious apartments to vibrant retail spaces, every detail is crafted to enhance the quality of life. The inclusion of a modern parking garage ensures convenience for visitors and residents alike.

Key components include:

High-quality mixed-use spaces for living and working.
A well-designed parking garage to support accessibility.
Community-focused areas for meetings and gatherings.

Community Impact and Connectivity

This project has significantly improved connectivity in Sycamore Township. The integration of apartment and retail spaces caters to diverse needs, creating a vibrant community hub. Local input played a crucial role in shaping the development, ensuring it aligns with the township’s vision.

Community meetings and zoning discussions helped address challenges, including construction delays. The result is a project that not only meets but exceeds expectations, offering enhanced local access and improved connectivity.

Bruce Hopkins, a seasoned expert in retail and mixed-use projects, emphasizes the importance of community involvement in such developments. His experience highlights how local input can shape successful projects².

Residences at Kenwood Coll. Property Development Cincinnati

The residential spaces at this development redefine urban living with their contemporary design and premium amenities. Located in the heart of Cincinnati, these living spaces are crafted to meet the needs of modern residents, offering a blend of comfort and convenience¹.

modern living spaces

Modern Living Spaces and Quality of Construction

Every detail of these living spaces reflects high-quality construction standards. After overcoming challenges like foreclosure, the project was revitalized with a focus on durability and style. The transformation process ensured that the spaces meet contemporary lifestyle needs³.

Residents enjoy access to hotel-like services, including curated office spaces and proximity to dining options. The design caters to both residents and commercial tenants, creating a vibrant community hub. Nearby restaurants and retail facilities add to the convenience¹.

The integration of mixed-use development principles ensures a balanced lifestyle. With over 80% of the space leased, the project has become a model for successful urban living. The $170 million investment highlights its appeal and sustainability¹.

Timelines post-foreclosure show steady progress, with construction resuming in subsequent years. This dedication to quality and community has made the development a cornerstone of Cincinnati’s urban landscape³.

For more insights into the success of this project, visit the Kenwood Collection in Cincinnati.

Project Insights and Historical Context

The journey of this project reflects a blend of innovation and resilience, shaping a landmark in urban development. From its early stages to its current success, the story is one of overcoming challenges and fostering community partnerships.

Financing and TIF Bond Developments

Early financing played a crucial role in bringing this project to life. The issuance of $20.43 million in TIF bonds provided the necessary funds to kickstart construction⁴. This financial strategy ensured the project’s viability while supporting local infrastructure improvements.

The TIF bond model allowed for the development of essential features, such as the modern parking garage. This structure not only enhanced accessibility but also contributed to the project’s long-term success⁴.

kenwood road development

Redevelopment Challenges and Restructuring

Despite its promising start, the project faced significant hurdles. A foreclosure case threatened its future, but the intervention of Phillips Edison marked a turning point⁴. Their expertise in retail and mixed-use developments breathed new life into the project.

The restructuring process involved innovative solutions to address financial and legal complexities. This phase highlighted the importance of adaptability in large-scale developments⁴.

Local Partnerships and Community Support

Community involvement has been a cornerstone of this project’s success. Local developers and township officials worked closely to address zoning and land use considerations along Kenwood Road⁴. Their collaboration ensured the project aligned with the area’s vision.

Sustainable practices were integrated into the redevelopment process, emphasizing community-centric solutions. This approach not only revitalized the land but also strengthened local ties⁴.

Key Financial Milestones	Details
TIF Bond Issuance	$20.43 million
Total Investment	$170 million
Leased Space	Over 80%

For more insights into community-driven projects, explore the On The Ground initiative, which highlights the revitalization of historic neighborhoods like Walnut Hills.

Conclusion

This project has become a cornerstone of urban revitalization, blending modern amenities with community-driven planning. From its initial financing to overcoming redevelopment challenges, it stands as a model for successful mixed-use projects⁵.

Local representatives and trustees played a vital role in addressing concerns like traffic and tax implications. Their collaboration ensured the project’s alignment with the neighborhood’s vision, fostering long-term growth⁵.

The development has transformed the area into a vibrant center, offering both residential and commercial spaces. It has strengthened the district’s economy while enhancing connectivity and accessibility⁶.

For more insights on how density fosters vibrant communities, explore Deliberating Density. This project’s success highlights the importance of balancing development with community needs, setting a precedent for future urban planning.

FAQ

What is the Residences at Kenwood Coll. Property Development?

It’s a premium mixed-use project in Sycamore Township, offering modern living spaces, office space, and retail options. The development aims to enhance the community with high-quality amenities and connectivity.

What amenities are included in the development?

The project features a parking garage, hotel, restaurant, and office space. Residents will also enjoy green spaces and easy access to Kenwood Road and nearby neighborhoods.

How will this project impact the local community?

The development will boost the area’s economy, create jobs, and improve infrastructure. It also addresses traffic concerns and supports the growth of Sycamore Township.

What is the timeline for construction?

Construction is set to begin soon, with phases rolling out over the next few years. Updates will be shared at township meetings and through local partnerships.

How is the project being financed?

The development is supported by TIF bonds and private investments. This ensures sustainable growth while minimizing the tax burden on residents.

What challenges have been faced during redevelopment?

Restructuring plans and addressing traffic concerns have been key challenges. However, the developer has worked closely with the community and trustees to find solutions.

Who is behind this project?

A group of experienced developers, in partnership with local stakeholders, is leading the effort. Their goal is to create a vibrant, mixed-use space that benefits everyone.

How can I stay updated on the project?

Attend Sycamore Township meetings or visit the developer’s website for the latest news. Community representatives are also available to answer questions.