Tiffany & Co. closing Downtown store, moving to Kenwood Towne Centre

Tiffany & Co. officials said Tuesday they will shutter their Downtown store and reopen at the Kenwood Towne Centre late this year.

The move leaves another gaping hole in prime real estate next to Fountain Square, a month after Macy's announced it would close its department store next door in the same building.

"It's too soon to say exactly when but we'll move sometime in the fourth quarter," Susanne Halmi, the Downtown store's director. "We're happy to be remaining in Cincinnati and that we'll be moving into a state-of-the-art new location at the Kenwood Towne Centre."

Until now, Tiffany's has been a Downtown fixture for 20 years. None of the store's 15 employees will lose their positions as a result of the change.

Halmi declined to say whether Macy's pending March closure spurred the move, but expressed confidence many of the store's regional customers will visit at the new location.

The Downtown store is one of three Tiffany's in Ohio. There is one in Indianapolis. There are none in Kentucky.

More: Macy's discloses Downtown job cuts, closing day

In a statement Tuesday, the company said:

“Tiffany & Co. has been honored to be part of the revitalization of Downtown Cincinnati over the past 20 years.

"We are delighted we will be able to continue to serve the needs of our clients in our new store location.

Fox19 contributed.