Two Texas-based firms aim to turn Tri-County Mall in the Cincinnati Metro into a mixed-use neighbourhood.
Marketspace Capital and Pearl Harbor Capital have put forth a plan to raise the structure that was anchored by the Pogue’s and Shillito’s department stores when it opened in 1960 and fill the 76-acre site with up to 20 residential buildings, five office buildings, and as many as 30 stores, restaurants, and entertainment providers, according to a report in the Cincinnati Post.
Citing “uncertainties and economic forces adversely affecting traditional retail”, the companies’ plan advises that more entertainment tenants than traditional retail tenants be courted for the project. Also envisioned are a hotel, a recreation centre, and parks. The only structures to be left standing will be garages containing more than 3,000 parking spaces.
The redevelopment received approval from the local Springdale Planning Commission, which has referred the project to the Springdale City Council. Tri-County Mall remains open for business with just over 40 tenants that include Finish Line, Men’s Wearhouse, Rainbow, Bath & Body Works, and BJ’s Brewhouse. Its Macy’s closed earlier this year.
