200,000 SF Retail & Entertainment Expansion at Streets of West Chester, Ohio0 Comment
The number of high quality retail amenities available to residents of the Greater Cincinnati and Dayton, Ohio market will soon get a double dose of development with two new retail locations now launching. The Streets of West Chester is a 167,638-square-foot lifestyle center, located at 9465 on Civic Center Drive. LPC Retail is now kicking off the pre-development leasing and marketing for the second phase of its retail center with a 200,000-square-foot planned expansion slated to open in spring of 2016. The Streets of West Chester expansion will join the opening of the new Bass Pro Shops, beginning construction this summer, adjacent to The Streets, and will provide shoppers with new retail, restaurants and entertainment.
“The development of these two new retail locations represents the largest concentration of boutique-like retail amenities in the West Chester area,” said Judith C. Boyko, Township Administrator of West Chester. “These are the type of retail destinations our diverse and sophisticated residents demand, and we expect both to be very successful footholds in our retail fabric.”
A significant expansion has always been part of the master plan for the Streets of West Chester, according to LPC Retail. The company purchased the center earlier this year, and is moving forward with the original vision for the property, which includes specialty and big box retail space as well as additional restaurant destinations. The first phase of The Streets of West Chester includes 167,638 square feet of premier retail, entertaining and dining amenities. The center is currently anchored by AMC West Chester 18Theatres, Barnes & Noble, P.F. Chang’s China Bistro, Bravo! Cucina Italiana, Mitchell’s Fish Market, and the recently added Ann Taylor LOFT.
“There is a great deal of shopper demand and new development momentum in this area that will benefit our site and our loyal shoppers,” said Phil Pearson, Senior Vice President-Asset Management of LPC Retail. “The addition of Bass Pro Shops adjacent to our property is a huge advantage to our site, as it will expand our access to Allen Road and connect us directly to IKEA and its 36,000 shoppers that come into this area each weekend. We’re well positioned to become the regional hub for high quality retail in the area.”
To capitalize on the current retail momentum, LPC Retail has appointed JLL’s local retail leasing experts to bring the phase two of its development to life. JLL’s Jenn Williams and Melissa Ruther will spearhead the leasing of the retail expansion. Projected ground-breaking is scheduled for fall 2015 with completion scheduled in spring of 2016.
“The second phase of Streets of West Chester has the right mix of location, demographics and strong consumer demand coming from a growing residential and healthy office market to capture a number of new retailers to fuel this development,” said Larry Kilduff, JLL’s Midwest Retail Market Lead. “Our team has already spoken with a number of retailers who have expressed interest in the regional appeal of this area given northern Cincinnati’s explosive growth.”