CINCINNATI (FOX19) - Kroger will be opening up a new store in Downtown Cincinnati by mid-2019, city officials announced Tuesday afternoon.
The location, which will be near Kroger's corporate headquarters, will be at the corner of Court and Walnut streets. The current space is a parking lot.
The store will anchor a mixed-use project that will include an 139 apartments and a 555-space parking garage.
It will be the first supermarket in Downtown Cincinnati in more than 40 years.
The company says the 45,000 square foot, first floor space will be twice the size of the Vine Street store.
The grocery store will be located on the first floor of the new structure, while a bar and food hall, featuring several local vendors and restaurant-style seating, will open on the second floor, alongside the grocery's beer and wine selection.
It will serve residents of Over-the-Rhine, Downtown and the West End.
"What is so darn exciting is all the things that are happening in Cincinnati. We're proud to add one more piece to that momentum. This is a fantastic project. It will be a fantastic store," Chairman/CEO Rodney McMullen said.
Currently, the closet Kroger for those who live in Downtown is the store off Vine Street in Over-The-Rhine. Kroger will close that location once the new store opens. The space will be donated to 3CDC.
The new development will also bring many new jobs to the area, including approximately 160 permanent position at the grocery store and 1,200 temporary construction jobs.
"It's like chasing Moby Dick for all these years, you know. We've been wanting a big downtown grocery store from Kroger for decades," Mayor John Cranley said.
As part of the relocation, all 60 associates at the Vine Street store will be offered at the new location or other Cincinnati-area stores.
Kroger will invest $19 million for the new store. The City of Cincinnati will contribute $8.5 million to the project in the form of a grant, with $6.5 million being used for the construction of the garage and $2 million going toward the residential portion of the project.
Officials said approximately $2.5 million in Federal and State New Markets Tax Credit equity will also be utilized, but will be used solely to fund the construction of the grocery store.
The city will own the parking garage, but will be operated by 3CDC. North American Properties, NorthPointe Group, and Rookwood Properties will develop, own, and manage the apartments.