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Sunday, February 17, 2008

Home Depot out at Newport Pavilion

The Cincinnati Business Courier reported in their Friday edition of the paper that Home Depot has abandoned one of the three anchor tenant spots in the Newport Pavilion shopping center off 471 between Grand & Memorial. The other two tenants, Target and Kroger, are still committed and the developers Bear Creek Capital are now planning to break the third anchor into three smaller anchor tenants including a sporting goods retailer - which I assume is Dick's.

The article also mentions that as many as 6 restaurants could be slated for the development. How do you feel this will impact development efforts in Fort Thomas? Personally, I don't think it will have much of an impact. Targets that should be sought to locate in our business districts should not be competing with chain fast casual dining restaurants or mega discounters like Target. I believe there is a good niche that is still available to us with the right planning and vision that our residents can still be proud of.

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