KENWOOD - The owners of the beleaguered Kenwood Towne Place have renamed the development the Kenwood Collection.
A spokesman for Phillps Edison confirmed the name change.
Once finished, the project will include 220,000 square feet of office space on seven floors, a spa, health club and restaurants on site, the company confirmed.
Phillips Edison also plans to include 300,000 square feet of retail space on three levels, the spokesman confirmed.
A total of 120,000 vehicles per day pass the hulking, partially completed development on Interstate-71, according to the company.
Hamilton County's building department has yet to receive permit applications for the project, but the company has been talking to the county about various options.
"They're going to finish the garage in accordance with the old plan and totally re-design the upper floors," said Cindy Rutherford, customer service coordinator for the department. "They're still doing mold mitigation and they're going to (demolish) the sprinkler system."
Rutherford has attended some of the meetings where Phillips Edison and its contractor, Messer Construction, described the changes. Rutherford said the county was told the company has engineering studies confirming its rusty metal shell is structurally sound.
Phillips Edison acquired Kenwood Towne Place at a foreclosure sale last July. That was more than three years after contractors walked off the job because they hadn't been paid.
The rusting shell of an office building sat empty during that time while bankers, builders and investors fought over who was to blame for the project's troubles.
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