CINCINNATI -- The Downtown Tiffany & Co. store is closing, but the jewelry store won't be leaving the area altogether.
The store plans to relocate to Kenwood Towne Center, according to manager Susanne Halmi. There is not yet a firm date for the move, but it will likely happen near the end of the year, she said.
Tiffany's is committed to staying in Greater Cincinnati and they do not plan on leaving the area, Halmi said.
Plans to relocate the Vine Street store come about a month after Macy's announcement that it would shutter its Fountain Place store among 100 closings across the country.
Doug Moorman, the vice president at Development Strategies Group, said the loss of Tiffany's "is disappointing, but not entirely unexpected."
Tiffany's and Saks Fifth Avenue both have co-tenancy clauses that allow them to terminate their lease if other big anchors leave the central business district, 9 On Your Side previously reported.
Despite the loss of both stores, Moorman said he thinks office workers and a growing number of residents will draw retail back Downtown.
Arn Bortz of Towne Properties, the company that developed Fountain Place, said last month that they view Macy's leaving "as an opportunity to find a new future for Fountain Place."
The building was originally designed to hold a 22-story tower, according to Bortz. That means a future expansion could include mixed uses like housing and a hotel.
"The world has changed. The retailers certainly know that," Bortz previously said. "It's up to the rest of us to adapt to that change."
