Two former big box stores in a shopping center in Latonia will be remade into the home for two Northern Kentucky computer technology service companies, said Covington officials in a news conference Wednesday.
Officials, including Mayor Joe Meyer and Economic Development Director Tom West, made the announcement with the owners of two businesses over an 11 a.m Wednesday Zoom online video conference.
The former Latonia Shopping Center, built in the 1960s atop the former Latonia horse racing track, will be remade, Meyer said.
The remaking of 200,000 square feet in the former Value City and Burlington Coat Factory stores will be done by Florence-based Blair Technology Group and Covington-based ReGadget.
“We expect this to be about a $7 million project overall,” said Andy Blair, founder of Blair Technology and a co-owner of ReGadget.
The companies have purchased the two former big box stores from Schottenstein Property Group of Columbus, Ohio, under a new venture called CovTech Investments, said Kurt Reynolds of ReGadget.
ReGadget, a provider of educational computers and software to schools, will move 24 employees from its Florence location. Reynolds said ReGadget will hire 10 more employees immediately, and 30-40 more in a year’s time.
Schottenstein Property Group still owns the remainder of Latonia Shopping Center, Reynolds said.
Covington-based Blair, a refurbisher of laptop and desktop computers, will expand from its current headquarters in the former Johnny’s Toys location on Howard Litzler Drive a few blocks away in Latonia. Blair’s current Tech Castle headquarters and retail store will remain at its current location.
Blair is the number one authorized refurbisher of Microsoft products, according to a Covington news release.
Blair plans to add 30 to 40 more employees, according to the release.
Meyer, to start the press conference, said he remembered people being excited about the shopping center when it was first started in the 1960s.
“It needs a new future, and the people of Latonia have long wanted to see that center refocused and revitalized,” Meyer said.
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