Ruth’s Chris Steak House signs on at The Banks

Project officials have confirmed that a Ruth’s Chris Steak House will open at The Banks development in downtown Cincinnati. The addition of the exclusive chain restaurant has been predicted since May 2011, but project officials have refrained from commenting publicly until just now.

The addition of the 9,600-square-foot Ruth’s Chris restaurant will bring the total retail occupancy at The Banks to approximately 82 percent following the recent announcement that Mahogany’s Cafe & Grill will also open a location along the central riverfront.

The upscale restaurant, officials say, will open within the two-level retail space at the northeast corner of Walnut Street and Freedom Way. It will be Ruth’s Chris second Ohio location.

The future home of Ruth’s Chris Steak House Cincinnati. Photograph by Jake Mecklenborg for UrbanCincy.

While 2012 has already been a busy time for economic wins at The Banks, expect another major announcement within the coming weeks.

City and County officials are currently in negotiations to find a new location for dunnhumbyUSA’s North American headquarters. The growing consumer analytics firm appears to have narrowed its search down to the surface parking lot at Fifth Street and Race Street, and the office tower pad located at The Banks which is immediately north of the new Ruth’s Chris.

Hamilton County officials would like dunnhumbyUSA to locate at The Banks to help accelerate the pace of development there, while some city officials have stated a preference for the troubled Fifth & Race location. In the end, Hamilton County seems to have more leverage given their stock of underground parking at The Banks.

Chris Monzel (R) has stated a preference to get out of the parking business, but county officials have stated that controlling parking within the central business district is a strategic move in order to help spur economic development. To that end, it would seem logical that county officials will use artificially low parking rates to lure dunnhumbyUSA to the site at The Banks.

It is projected that dunnhumbyUSA will have at least 500 employees at whatever site they choose, with room for growth. Such size would make the construction of a new office tower at The Banks economically viable and potential immediately spark construction.

  • I’ve said it before and I’ll say it again. Developers of The Banks need to sign an H&M, Uniqlo, CB2 and a Lululemon as retail tenants. That would truly shift the focus of shopping back towards the center city, and really make The Banks a unique destination for Cincinnatians and visitors alike.

    • Randy – I would add REI to that list as it would have been awesome to locate their store down near the water front and bike hub in lieu of Rookwood.

    • Yeah that would have been nice, but according to the story I read in the Enquirer last night the leasing agent at The Banks doesn’t feel like clothing or merchandise retail will be successful there. I was very surprised at that comment as he is basically selling the development short to potential retailers of that sort.

      Furthermore, it relegates the development to only food/drink-related establishments. To me diversification would seem to be a better approach.

    • Yeah I just read that too. Although I wouldn’t personally care for any shops down there, it is disappointing to hear that the developer won’t really consider it as it could have some potential. 

    • Zara!  Cincinnati needs a Zara!

    • Yes, so sorry. I did forget Zara. How does Cincinnati *not* have a Zara yet?!

    • i dont think *Ohio* has one yet. 

  • While I applaud any new tenants downtown having another steak house makes me a bit nervous. The idea is to draw more people downtown, not to cut into existing businesses downtown..

    • There really aren’t that many steak houses downtown. There is Jeff Ruby’s obviously, then you have Boi Na Braza, but that is a completely different type of establishment. Am I missing others throughout downtown?

    • Mark Mascolino

      Also Morton’s.

  • Roger Smithson

    dunnhumby has over 500 employees at their current site and have hired 40 since September.  Talking to an inside source, I was told they feel confident they could hit 800 employees in 2 years. 

  • Zachary Schunn

    I know this wasn’t the main point of the article, but the dunnhumby news (when it becomes official) will be HUGE.

    Chiquita was much talked about, and should be because their departure resulted from major drawbacks in our transportation system.

    But already Nielsen is taking their space, and dunnhumby is growing out of control and has to move.  Cincinnati is quickly becoming a major hub for the growing marketing-tech sector, and its strong entrepreneurship culture bodes well for technology companies here in general.  Add to that advertising/design firms like LPK and FRCH, and we could be slowing becoming the consultant capital of the Midwest.

    (PS:  Like the comment system upgrade, Randy.)