Kenwood Towne Place was a $175 million development project funded by Bear Creek Capital, Neyer Holding Corporation and Dov Limited.

[1] Kenwood Towne Place also includes a $33 million public parking garage funded by bonds underwritten by the Port of Greater Cincinnati Development Authority.

In March 2008, it was announced that Borders Books was set to occupy a 28,000-square-foot (2,600 m2) space, in order to open "one of their new prototype stores" with a "higher-end bookstore experience.

[8] Bank of America bought the Kenwood Town Place property at a Hamilton County Sheriff's auction in July 2012 for $27.5 million; they then sold it to the developer Phillips Edison.

[10] At the end of December 2008 and the start of January 2009, several contractors filed almost $5 million in liens against Bear Creek Capital's Kenwood Towne Place.

[11] In late January 2009, problems with the development project began to surface, as more than two dozen liens were filed that had a combined total value of $17 million over a two-week period.

[14] Cincinnati Councilman Chris Bortz proposed and supported a bailout of $1.8 million to assist some of the small businesses that are stuck in the current financial problems of the developer.

Bank of America filed a foreclosure lawsuit in the Hamilton County Common Pleas Court against Bear Creek Capital and the developers of Kenwood Towne Place in May 2009.

[20][21] Former Bear Creek CFO's Tina Schmidt pleaded guilty to one count of conspiracy to commit bank fraud in connection to the Kenwood Towne Place development.

[27] Judge Beth Myers denied a motion of receiver Hank Menniinger requesting to resign after he had been unable to secure loans to address health and safety issues.

Judge Myers allowed Attorney Hank Menninger to step down as receiver for the project, and appointed Frank Hertge, who was nominated by Bank of America.

Hamilton County Judge Beth Myers ordered that the receiver be paid 80% of money due for the daily management of operating the buildings.

[33] After Bear Creek Capital ran out of money, work stopped on finishing the project while the remaining stores struggled to stay open.

[35] Vicki Lang, Manager of public relation for Crate and Barrel Stated: "We are collaborating with our fellow Kenwood Towne Place retailers to work through this challenging situation.