More retailers sign on at U Square
Tom Demeropolis • Business Courier
U Square @ the Loop, the $78 million mixed-use development just south of the University of Cincinnati’s campus, is drawing plenty of interest from retailers.
Arn Bortz, a Towne Properties principal, said the development has letters of intent from three retailers that would make the 77,000 square feet of retail space about 80 percent leased before any stores open. That would leave a little more than 15,000 square feet of space.
“Retailers can see for themselves this is a real project,” Bortz told me in a phone interview. Seeing the list of tenants that have already signed on to the development makes retailers think this is a good spot to be, he said.
Bortz said he couldn’t name the potential tenants, but described each of them. One is an independently owned ethnic restaurant, another is a sports apparel shop and the third is a “beautification” retailer whose services include body waxing.
In addition, U Square has a signed lease with Body Central, a retailer that sells apparel and accessories targeted at women in their late teens and 20s. Body Central joins a group of other apparel tenants in the eastern block of the development that also includes Altar’d State, Rue 21 and Moksha Yoga.
The retail leasing team for U Square is Jeffrey R. Anderson Real Estate Inc.’s Mark Fallon and Emily Bevis.
Towne Properties, along with Al Neyer Inc., Castellini Management Co. and Clifton Heights Community Urban Redevelopment Corp., is the owner and developer of U Square.
The retail portion isn’t the only part of the project filling up fast. Of the 161 apartments at U Square, 101 are leased.