Bear Creek submitted a rendering to the Kenton County Planning Commission detailing the open-air shopping center plan. The commission has not evaluated the plan yet because Bear Creek has asked for time to have a traffic study done, said Mike Schwartz of the planning commission. Crescent Springs Mayor Claire Moriconi said neither the delay nor the competition in Crestview Hills is a problem.
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“I think if this is meant to be, it’s going to happen. It’s a good, choice site. I think it’s going to be very viable to that part of the city, and I don’t see any parts of it (that are a problem) other than finding out more about the traffic,” Moriconi said. Matt Daniels, a Bear Creek principal, said the development is progressing well. His company still has commitments from an upscale supermarket and two other anchor tenants, none whose names have been revealed.
Daniels declined to comment on what effect the Crestview Hills redevelopment would have on his project. He anticipates completing the traffic study and bringing the project to Crescent Springs city council for approval in a month. “Our tenancy is going well,” he said, with several high-end restaurants showing interest in addition to the anchors. The project, which would take about a year to build, would mean about $1.6 million in annual property taxes for the city.
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The restaurants would go on seven lots between the parking lots for the shops and the railroad tracks. The development would also include an office building of at least two stories. Council members wanted to know how the development would affect Buttermilk Pike, which already is congested during peak drive times. Jeffrey Anderson, of Jeffrey Anderson Real Estate, wants to transform the struggling Crestview Hills Mall into something like his Rookwood Commons and Rookwood Pavilion development off Interstate 71 in Norwood.