Business Development News

Developers, city leaders welcome first residents to $80M first phase of The Banks

The first residents moved into the $80 million first phase of The Banks development in downtown Cincinnati today. 60 percent of the first phase’s 300 apartments are leased, and much of the first phase’s 96,000 square feet of retail has also been claimed as a long awaited vision becomes reality.

Developers and city leaders gathered at The Banks development along Cincinnati’s riverfront to welcome the first residents of the $80 million first phase of the project called Current @ The Banks.

Over 60 percent of the project’s initial 300 residential units have been leased. The first phase includes two, five-story buildings bounded by Main Street to the east, Walnut Street to the west, Second Street to the north and the Cincinnati Riverfront Park to the south.

Last month the Carter/Dawson development team welcomed the first retail tenant to the development when the Holy Grail Tavern & Grill opened at the corner of Main Street (Joe Nuxall Way) and Freedom Way. Additional retail tenants including The Wine Loft, Toby Keith’s I Love This Bar & Grill, La Crepe Nanou, Johnny Rockets, Huey’s 24/7 Diner will open over the next several months as interior finishes are completed on the 96,000 square feet of retail space.

UrbanCincy photographer Jake Mecklenborg attended a ribbon cutting ceremony this morning that welcomed the development’s first residents. Mecklenborg then took a tour of some of the available apartments that range in price from $800 per month to $2,400 per month for a two-bedroom, two-bath luxury apartment overlooking the Ohio River. Those interested in touring the apartment units are asked to contact leasing agents at (888) 277-6611, or by visiting the project’s leasing website.

By Randy A. Simes

Randy is an award-winning urban planner who founded UrbanCincy in May 2007. He grew up on Cincinnati’s west side in Covedale, and graduated from the University of Cincinnati’s nationally acclaimed School of Planning in June 2009. In addition to maintaining ownership and serving as the managing editor for UrbanCincy, Randy has worked professionally as a planning consultant throughout the United States, Korea and the Middle East. After brief stints in Atlanta and Chicago, he currently lives in the Daechi neighborhood of Seoul’s Gangnam district.