Barnes & Noble Closing at Newport on the Levee
Barnes & Noble Booksellers will close its Newport on the Levee location.
The news was confirmed in an announcement by North American Properties on Monday.
North American purchased the Levee last year for $100 million and announced plans to invest $100 million more in redeveloping the riverfront site.
Work has already begun on that process.
Barnes & Noble opened in the fall of 2001, and was one of the Levee's original tenants and anchors.
In the announcement, the closure was announced as a mutual agreement between North American Properties and Barnes & Noble. The bookstore's last day will be September 7.
The new owner sees the closure as an opportunity to open up the space and to make way for two new restaurants with outdoor seating.
Lease negotiations are underway, North American said.
"Maximizing views of the Ohio River and Cincinnati skyline are integral to our vision for the enlivened experience at Newport on the Levee," said Tim Perry, chief investment officer of North American Properties. "Reimagining the new Newport on the Levee sometimes requires a clear canvas, and the need to reconsider that building with its impact to the arrival and outdoor experience is critical for a welcoming and magnetically social epicenter. The upper floor will house new jobs in the market and continue the curation of 18 hour uses for the community."
An announcement of the new tenants for the Barnes & Noble space is to come in the following weeks, the announcement said.
Photo via Barnes & Noble