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Friday, July 13, 2018

Panera Gets Approval for Stage One Plan in Cold Spring

Cold Spring, Kentucky is in the midst of an incredibly hot real estate market, both residentially and commercially and a recent approval by the city's Planning Commission has added to that.

A stage one plan for a Panera Bread restaurant located at the corner of Matinee Blvd., across from E. Alexandria Pike, was approved in June.

Ground has not been broken yet, but according to sources close to the situation, that is imminent upon closing of the sale of the land.

Just this week, Fort Thomas Matters reported that Cold Spring Real Estate Holdings LLC, a company formed in March of this year by Joseph Crocker, the CEO and President of RealCo Enterprises based out of Columbus, Ohio had acquired the land at 3614 Alexandria Pike to build a Raising Canes restaurant.

RELATED: Raising Canes is Coming to Cold Spring 

Crews were near the southern exit point of County Square Plaza on Martha Layne Collins Boulevard, next to US Bank to demolish the old Neltner estate that had been on that land.

The Campbell County Property Value Administrator's records indicate a purchase of the 1.42 acre property in May of this year for $865,000. It was purchased for $340,000 in 2015 representing an increase of $525,000 in the property's sale price in less than three years time.

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