Finally! After five (?!?) years, the eye sore on 71 seems to be headed toward a new start. Kenwood Towne Place has a new name (Kenwood Collection) and new concept designs!
The Kenwood Collection will now include:
- 220,000 sf office space
- Health club
- Panoramic views to downtown Cincinnati
- Free parking in the garage
- Retail shops on three levels
What else would you like to see? Any brands missing at the Towne Center that you’d love to have here?
Want to see full-color renderings of The Kenwood Collection? See the slideshow from the Courier here.
Photo courtesy of The Business Courier
Supply and demand in real estate is represented by the current month’s supply of homes for sale (the number of homes for sale divided by the number of homes sold in the previous month).
Here is a guideline for pricing in various housing-demand markets:
1-4 months supply – This is a seller’s market in which there are not enough homes for the buyers’ demand. Homes appreciate in this type of market.
5-6 months supply – This is a balanced market and historically home values appreciate a bit above inflation.
7-8 months supply – This is a buyers’ market in which the number of homes for sale exceeds demain. Depreciation follows in this type of market.
In our region, we are currently experiencing a 4.1 month supply of homes for sale. This is the fewest active listings in the past eight years!
Nationally, there is a 4.2 month supply of homes available for sale which is the lowest seen since April 2005.
If you are thinking about selling, now is the time! Call me!
Information courtesy of the KCM Blog.
I was at the Florence Mall on a rainy cold Sunday letting my son get some energy out at the play area. The play area has mini-replicas of some Cincinnati landmarks like a paddle boat, airplane and the famous Florence Y’all water tower. Which got me wondering if the story I had been told about how the water tower got it’s instantly recognizable name, was true….a quick search of Google and I found out the answer and some more fun facts about the Florence Y’All Water Tower.
The Florence Y’all Water Tower was constructed in 1974 in anticipation of the construction of Florence Mall. This tower was a necessary infrastructure to accommodate the water needs of the city’s expanding development.
Initially the top of the water tower said: “Florence Mall” (which was not built yet). But, with strict regulations from the Bureau of Highways concerning highway advertising signage promoting a non-existing business, those words could not stay. The City of Florence decided to repaint just a portion of the words (to save money) and history was made: Florence Y’all.
Florence Mall was built in 1976 and yet the words “y’all” stayed. In the years that followed this water tower became an icon for Florence, Kentucky.
Fun Florence Y’All Water Tower Facts:
- 120,000 cars pass the water tower daily
- The water tower is used as a travel landmark for vacationers heading north or south
- The Florence Freedom Ballpark has a mascot called Willy the Water Tower
- The City of Florence does not give out city keys – its gives city honorees a Water Tower bobble head
Read more about the tower here.
Thinking about buying a home in or around Florence, Kentucky? Contact me, I can help!