January 18, 20241 yr 11 hours ago, Lazarus said: Trouble in Paradise: ??…. Apartments run these kinds of specials all the time especially during the winter when there isn’t much leasing activity. This deal is actually not that enticing in my opinion, I’d rather take a no deposit down or first month or 2 free over visa gift cards. And the 2,000 is may be tiered so you can’t get that amount unless your leasing one of the most expensive units lol Edited January 18, 20241 yr by 646empire
January 22, 20241 yr On 1/18/2024 at 11:35 AM, 646empire said: ??…. Apartments run these kinds of specials all the time especially during the winter when there isn’t much leasing activity. This deal is actually not that enticing in my opinion, I’d rather take a no deposit down or first month or 2 free over visa gift cards. And the 2,000 is may be tiered so you can’t get that amount unless your leasing one of the most expensive units lol They give the Visa gift cards because they cannot discount their rates based on how they pitch the deal to their investors and lenders. At the end of the day it comes out as a wash on the books, but when they represent market rents are X and they have trouble getting their occupancy, they cant necessarily just cut the rent based on how they obtained funding for the deal, so they resort to gift card giveaways and such. I remember speaking to a number of people familiar with some developments in Columbus near OSU a few years back and they were struggling to lease up because of the rates so they were offering gift cards and other incentives like free door dash, etc. They misjudged the market when they developed the building but could not cut rents to fill it so they had to use different tactics. Edited January 22, 20241 yr by Brutus_buckeye
January 24, 20241 yr My guess is this will be the Banks planned office tower getting rezoned for a residential tower.I believe the property was sold to a developer that builds residential towers mostly near college campuses in the last year.Name of the developer escapes me though. Had do some digging 180 Walnut St now 180 Marion Spencer Way was sold this past August. 180 Marian Spencer Wy: Riverbanks Renaissance Phase I-b Owner LLC to Royal Walnut LLC; $2,550,000 Edited January 24, 20241 yr by ucnum1
January 24, 20241 yr 10 hours ago, ucnum1 said: My guess is this will be the Banks planned office tower getting rezoned for a residential tower.I believe the property was sold to a developer that builds residential towers mostly near college campuses in the last year.Name of the developer escapes me though. Had do some digging 180 Walnut St now 180 Marion Spencer Way was sold this past August. 180 Marian Spencer Wy: Riverbanks Renaissance Phase I-b Owner LLC to Royal Walnut LLC; $2,550,000 Probably Crawford Hoying bought it. It would make sense since they own the rest of the Banks and would likely want to not have competition on the property.
January 24, 20241 yr 1 minute ago, Brutus_buckeye said: Probably Crawford Hoying bought it. It would make sense since they own the rest of the Banks and would likely want to not have competition on the property. I don't think it was Crawford Hoying buying this parcel.The developer was named on Twitter that bought the parcel.I honestly just can not recall who the developer is.
January 24, 20241 yr Mailing address of the parcel (https://wedge1.hcauditor.org/view/re/0830007003800/2023/summary) suggests it is owned by the Lincoln Property Company in Dallas: https://www.lpc.com/office/dallas/
January 24, 20241 yr 11 minutes ago, jwulsin said: Mailing address of the parcel (https://wedge1.hcauditor.org/view/re/0830007003800/2023/summary) suggests it is owned by the Lincoln Property Company in Dallas: https://www.lpc.com/office/dallas/ Which Lincoln Property Company is the one who is planning the office tower. Edited January 24, 20241 yr by Ucgrad2015
January 24, 20241 yr 45 minutes ago, jwulsin said: Mailing address of the parcel (https://wedge1.hcauditor.org/view/re/0830007003800/2023/summary) suggests it is owned by the Lincoln Property Company in Dallas: https://www.lpc.com/office/dallas/ That the parcel was purchased in August with the air rights seems to be this project is moving forward at least.It is the same company that proposed the banks office tower.I just tend to doubt a office tower gets built here.Mixed use or all residential is a good bet.
January 24, 20241 yr How the hell has nothing been built across from the GE building? That pad has been ready for years and yet the city, county, and owners of the banks development continue to do nothing.
January 24, 20241 yr 2 minutes ago, Cincy513 said: How the hell has nothing been built across from the GE building? That pad has been ready for years and yet the city, county, and owners of the banks development continue to do nothing. 1a.The banks steering committee killing the 1 viable proposed mixed use project back in 2018. 1B.Covid The Collapse of new build office towers 1C.The Banks has a new owner Crawford Hoying taking their time before developing the remaining parcels.I think I recall they have a 5-10 year timeline to finish development up.
February 2, 20241 yr Hyde at the Banks, downtown Cincinnati's newest upscale cocktail and wine bar, now open By Christian LeDuc – Staff reporter, Cincinnati Business Courier Feb 2, 2024 Updated Feb 2, 2024 9:29am EST It’s time to blow the cover on the Banks’ newest upscale spot to grab a craft cocktail and some wine. Hyde at the Banks, located at 36 W. Freedom Way, is now open in the former Frost Factory spot. Co-owner and investor Pete Montgomery told me the quiet and mysterious rollout was very intentional. There is no website, only an Instagram page. And the first thing that comes up when you Google the bar is a Reddit thread of people asking, “Does anyone know what this place is gonna be?” “We didn’t want to make a buzz about it yet, because we wanted to get it out there and (have it) feel a little bet secretive,” Montgomery said. “It’s neat to get a little secretive buzz about what’s going to happen." MORE
April 4, 20241 yr If you want to post about criminal activity, please do so in the Crime and Safety topic @Lazarus. This is a thread for "Projects and Construction"
July 2, 2024Jul 2 GE Aerospace reaches deal with city of Cincinnati, Hamilton County on the Banks building BRIAN PLANALP By Brian Planalp – Staff reporter, Cincinnati Business Courier Jul 1, 2024 Updated Jul 1, 2024 1:06pm EDT GE Aerospace has come to an agreement with the city of Cincinnati, Hamilton County and the Port of Greater Cincinnati Development Authority curing its default on an incentive package for its former Global Operations Center at the Banks. The parties reached the agreement March 7. GE Aerospace (NYSE: GE) last Friday, June 28 finalized its only remaining elements, a pair of contributions totaling $1.7 million. GE Aerospace contributed $1.5 million to the Port’s industrial strategy and advanced manufacturing initiatives, to which the city also contributed $7 million in 2022. The GE Aerospace money is specifically intended for Camp Washington and Queensgate redevelopment efforts. MORE
December 16, 2024Dec 16 City of Cincinnati, Hamilton County begin urban design review process at the Banks By Brian Planalp – Staff reporter, Cincinnati Business Courier Dec 16, 2024 Updated Dec 16, 2024 1:40pm EST The city of Cincinnati and the Hamilton County board of commissioners are looking for urban planning and design firms to consult on an update to the decades-old master plan governing the buildout of the Banks. The Banks Public Private Partnership, a joint venture of the city and the county, put out a request for qualifications document, or RFQ, Dec. 16 seeking firms to review the 2000 Central Riverfront Urban Design Master Plan and provide “innovative, sustainable updates and recommendations.” It marks the first significant movement on future planning of the Banks since the city and county in late 2020, following a monthslong dispute, hammered out an agreement that allowed the Andrew J. Brady Music Center and the adjacent portion of Smale Riverfront Park to proceed. MORE
December 16, 2024Dec 16 1 hour ago, The_Cincinnati_Kid said: The city of Cincinnati and the Hamilton County board of commissioners are looking for urban planning and design firms to consult on an update to the decades-old master plan governing the buildout of the Banks. It's wild that we're now 25 years into this saga and a good chunk of this development is sill a parking lot/garage and the rest of it has had mixed results with retaining tenants. Hell, by the time the development is nearly built out—the Bengals could be gone or playing elsewhere in the region. I really thought the Tervis store was going to turn things around. Edited December 16, 2024Dec 16 by Gordon Bombay
December 20, 2024Dec 20 On 12/16/2024 at 4:13 PM, Gordon Bombay said: It's wild that we're now 25 years into this saga and a good chunk of this development is sill a parking lot/garage and the rest of it has had mixed results with retaining tenants. The whole thing was effectively delayed by 10 years because of the a)Bengals overruns and b)2001 recession. The stadium and Banks financing was predicated on a 3% annual increase in sales tax revenue. For the first time in 30+ years, that didn't happen in the early 2000s. Neither of those items were the direct fault of the Hamilton County Commissioners. The stadium overruns were caused because the citizen-led ballot issue delayed the start of stadium construction by several months and forced the county to pay for an enormous amount of overtime labor.
December 23, 2024Dec 23 The Banks downtown to lose large retail tenant after Christmas By Tom Demeropolis – Editor, Cincinnati Business Courier Dec 23, 2024 A large retailer at the Banks is closing its doors after Christmas. Planet Fitness (NYSE: PLNT), which is located in a more than 14,500-square-foot space at 145 Second St. in the first phase of the Banks in downtown Cincinnati, has informed members it is closing permanently at 9 p.m. Dec. 27. Officials with the gym declined to comment. MORE
January 2Jan 2 It looks like the Banks Master Plan RFQ is up. Interestingly, there is a desire for preliminary recommendations for Lot 24, anticipating a permitting review in early 2025 (pg. 28): https://thebankspublicpartnership.com/wp-content/uploads/RFQ-Urban-Planning-Services-4889-1653-2588-v.4-003-12DEC2024-update-rev3.pdf “All truly great thoughts are conceived while walking.” -Friedrich Nietzsche
January 3Jan 3 21 hours ago, JYP said: It looks like the Banks Master Plan RFQ is up. Interestingly, there is a desire for preliminary recommendations for Lot 24, anticipating a permitting review in early 2025 (pg. 28): https://thebankspublicpartnership.com/wp-content/uploads/RFQ-Urban-Planning-Services-4889-1653-2588-v.4-003-12DEC2024-update-rev3.pdf Excited to finally see some movement on this. Would especially love to see Ft Washington Way get capped. Would be a perfect spot for Oktoberfest in the future or big events like NFL draft
January 3Jan 3 It blows my mind how that Lot 24 has never even been able to get a basic 5 over 1 stick building up.
January 3Jan 3 6 minutes ago, cblhaus said: Excited to finally see some movement on this. Would especially love to see Ft Washington Way get capped. Would be a perfect spot for Oktoberfest in the future or big events like NFL draft My dream would to have a huge German beer hall on one of the caps, can be operated year round.
February 3Feb 3 City of Cincinnati, Hamilton County reissue call for developers to build at the Banks The Banks Public Private Partnership, a joint venture of the city of Cincinnati and Hamilton County, has issued a new call for developers to submit proposals for the largest undeveloped lot remaining at the Banks downtown. The request for proposals, or RFP, document is for Lot 24, a 2.5-acre site located just south of the Radius apartment building and former General Electric office building. The RFP surfaced Feb. 3. Submissions are due April 9. Developers are asked to submit a mixed-use concept. The 20-page RFP document describes the site as being “shovel-ready.” Currently, it consists of a below-grade surface parking lot with below-podium support structures. The lot’s infrastructure is designed to provide structural support for a development up to 900,000 square feet in size, including additional above-podium parking facilities. More below: https://www.bizjournals.com/cincinnati/news/2025/02/03/banks-development-bid-lot-24-mixed-use-city-county.html "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
February 4Feb 4 With our luck we’ll get some amazing bid that’s residential and high build quality and then tariffs or mass deportations go into effect and everyone pulls out of the build due to 100% construction cost inflation and it sits vacant for another decade. Edited February 4Feb 4 by 10albersa
February 4Feb 4 2 hours ago, ColDayMan said: City of Cincinnati, Hamilton County reissue call for developers to build at the Banks The Banks Public Private Partnership, a joint venture of the city of Cincinnati and Hamilton County, has issued a new call for developers to submit proposals for the largest undeveloped lot remaining at the Banks downtown. The request for proposals, or RFP, document is for Lot 24, a 2.5-acre site located just south of the Radius apartment building and former General Electric office building. The RFP surfaced Feb. 3. Submissions are due April 9. Developers are asked to submit a mixed-use concept. The 20-page RFP document describes the site as being “shovel-ready.” Currently, it consists of a below-grade surface parking lot with below-podium support structures. The lot’s infrastructure is designed to provide structural support for a development up to 900,000 square feet in size, including additional above-podium parking facilities. More below: https://www.bizjournals.com/cincinnati/news/2025/02/03/banks-development-bid-lot-24-mixed-use-city-county.html this is one of my oldest blog entries that has no real-world update: https://cincinnatiideas.com/the-banks-phase-3/ I think a superblock might be too boring here. Not sure if they could fill all the restaurant/retail spaces, there is a lot of supply of places like this now. They need something interesting such as small scale interior streets/alleys with something interesting that draws people in perhaps like a market that somehow wouldn’t take away from Findlay Market (Flea market? Mini-Outlet mall?) and along the southern edge too. this would help the Banks stand out: https://cincinnatiideas.com/gondola-at-the-banks/ and they should do hotel or residential for 180 Walnut www.cincinnatiideas.com
February 4Feb 4 RFQ for a 900k of building this is going to be a quite large mixed use development building.This being the largest parcel left to develop it is going to be big development hopefully just a lot more asthetically pleasing than the Bank's prior mega blocks.
February 4Feb 4 13 hours ago, thebillshark said: They need something interesting such as small scale interior streets/alleys with something interesting that draws people in perhaps like a market that somehow wouldn’t take away from Findlay Market (Flea market? Mini-Outlet mall?) and along the southern edge too. That wouldn't be necessary, by extending the existing closure/pedestrianization of one block of Freedom Way, to the next block for an expanded park.
February 14Feb 14 Commissioner Alicia Reece questions Banks design review amid Bengals stadium lease talks By Chris Wetterich – Staff reporter and columnist, Cincinnati Business Courier Feb 14, 2025 At a Hamilton County commissioners meeting two weeks ago, Commissioner Alicia Reece said she was not sure the county should go through with an urban design review of the remaining unbuilt lots at the Banks while the county negotiates the Cincinnati Bengals’ lease. Reece’s comments were based on the fact that the team's’ lease at Paycor Stadium limits the height of buildings near the venue. The Business Courier asked the county for those heights under the lease and recently received a PDF detailing them. Lots west of Race Street cannot exceed 555 feet above sea level. That applies to the vacant, undeveloped lots located: North of the Andrew J. Brady Music Center, south of West Freedom Way and east of Elm Street The lot wedged north of West Pete Rose Way, south of West Second Street and west of Elm Street The lot bordered by Elm Street, Race Street, West Second Street and West Freedom Way. This lot also must be set back from West Freedom Way “on its southern boundary to provide additional pedestrian access from the Race Street corridor … and to allow views to the downtown Cincinnati skyline from the club level of the stadium’s easterly side.” The guidelines estimate a 30,000-square-foot building could be constructed there. MORE
March 14Mar 14 This article stops short of saying what needs to be said: if there must be a new arena, it needs to replace the existing one at the same site. https://www.wcpo.com/news/local-news/i-team/the-banks-turns-25-years-old-9-empty-acres-unfulfilled-promises-and-a-leadership-vacuum Also, the Queen City Square Tower is similarly to blame. Its construction triggered the vacation of many small and midsized downtown buildings. Most of those buildings have been redeveloped as hotels and apartments, which is a good thing on the surface, but those people and things could have been new construction on The Banks. Instead, we've got a turd of a skyscraper capped by a birdcage that supposedly has something to do with Princess Diana.
March 14Mar 14 QCS is a turd. That's harsh. I've bemoaned the lack of new construction as much as anyone. But as the older buildings get built out with residential (which is good), I am hopeful that there will be continued demand that requires new construction. Besides, it's not like there has been zero new construction for hotel and rez. Methinks the deeper problem is the lack of leadership to push that development to The Banks. Edited March 18Mar 18 by Rabbit Hash
March 15Mar 15 QCS was on the books since the 1980s, to place blame on its construction affecting The Banks is a bit short sighted.
March 15Mar 15 1.6 million sq feet of new Class A office space has been built since the recession in DT Cincinnati: QCS: 1 million GE Banks: 300,000 Dunhumby: 300,000 Queen City Square dwarfs all pre-existing buildings: So if QCS had never been built, several office-to-apartment conversions would still be office (i.e. 580 Walnut & Atrium I) and we'd have a lot more developer interest in building new office buildings and apartments on The Banks. It's not like separating the Reds and The Bengals between two stadiums 25+ years ago created more games or moving FC Cincinnati out of Nippert Stadium somehow created more soccer games. Office and apartments are the same thing. There is only X-amount of potential residents and office tenants. When they're all gobbled up by Not The Banks there isn't much left over for The Banks.
March 15Mar 15 10 hours ago, Lazarus said: 1.6 million sq feet of new Class A office space has been built since the recession in DT Cincinnati: QCS: 1 million GE Banks: 300,000 Dunhumby: 300,000 Queen City Square dwarfs all pre-existing buildings: So if QCS had never been built, several office-to-apartment conversions would still be office (i.e. 580 Walnut & Atrium I) and we'd have a lot more developer interest in building new office buildings and apartments on The Banks. It's not like separating the Reds and The Bengals between two stadiums 25+ years ago created more games or moving FC Cincinnati out of Nippert Stadium somehow created more soccer games. Office and apartments are the same thing. There is only X-amount of potential residents and office tenants. When they're all gobbled up by Not The Banks there isn't much left over for The Banks. There's plenty of demand to go around. If the county and city got out of the way the Banks would already be developed. Look at what is happening at the IRS site.
March 17Mar 17 The Bengals have barely had any say in the banks because of how slow the government has been developing it. They had to get their approval for the GE building height and the concert venue. There's an entire block that's been ready and waiting to be developed for years that the Bengals have no say in. Why the Bengals even have a say in what goes on at the banks is again the fault of our local government for allowing that to be included in their lease. Per usual anything tied into the government takes way longer and gets way worse results then if it was just a private company in charge.
March 17Mar 17 Hamilton County and the Banks steering committee screwed this one by picking one master developer.Going all in and giving one single developer all development rights over to a development site this large was incredibly short sighted and frankly idiotic.
March 17Mar 17 13 minutes ago, ucnum1 said: Hamilton County and the Banks steering committee screwed this one by picking one master developer.Going all in and giving one single developer all development rights over to a development site this large was incredibly short sighted and frankly idiotic. another big problem is height restrictions.... the Banks is a perfect location for a major high-rise surrounded by other smaller high-rise apartments. we got 5 story generic apartment blocks that can be found in every neighborhood in the county and counties in KY, too. Remember the Twin Tower proposal at the Artistry, Adams Landing proposal, a 30-story apartment building that was voted down by people in Mt. Adams(!), the Twin Towers in Newport/Bellevue, the Ovation high rises, the Banks proposal itself, the Hump-Dumby Tower, and Fountain Square West Tower. And, #Lazarus counted 60 parking lots in the CBD that could be developed. Either there is a lack of need for housing or the banks' lack of interest in investing.
March 17Mar 17 The banks was built on the cheap end of costs by Carter Dawson then their Atlantic Station development in Atlanta had massive cost overruns that deep sixed further development at the Banks.One master developer choice set the Banks development back around a decade.The Banks development was the best thing to ever happen to Covington IRS site as a blueprint on what not to do. Edited March 17Mar 17 by ucnum1
March 17Mar 17 Carl Lindner nixed Fountain square West,Twin Tower proposal by the peace bell site was always a pipe dream for several reasons.The rest yes bank financing and lack of market demand at the time.And yes the Cincinnati neighborhood councils have killed many a Cincinnati large scale development.Although that is changing somewhat with the glaring lack of housing in Cincinnati now.
March 17Mar 17 7 minutes ago, ucnum1 said: Carl Lindner nixed Fountain square West,Twin Tower proposal by the peace bell site was always a pipe dream for several reasons. i was referring to the Twin Towers at the Artistry and the second tower on the river in Bellevue. in my opinion, the "people" have maxed out their credit, the banks have maxed out their credit and the place where money is made has maxed out it's credit. the only one with money is sitting on a very smelly office chair in D.C.
March 17Mar 17 2 hours ago, ucnum1 said: Carl Lindner nixed Fountain square West,Twin Tower proposal by the peace bell site was always a pipe dream for several reasons.The rest yes bank financing and lack of market demand at the time.And yes the Cincinnati neighborhood councils have killed many a Cincinnati large scale development.Although that is changing somewhat with the glaring lack of housing in Cincinnati now. From my extensive research onto Fountain Square West - Lindner had nothing to do with its death - Nell, Luken, Council, Blackwell, Emery's, Addison Lanier, CBC secrecy and infighting all had a lot more to do with its death. It was a preponderance of terrible events, mistrust and not grasping onto a hot hand.
March 17Mar 17 52 minutes ago, stashua123 said: From my extensive research onto Fountain Square West - Lindner had nothing to do with its death - Nell, Luken, Council, Blackwell, Emery's, Addison Lanier, CBC secrecy and infighting all had a lot more to do with its death. It was a preponderance of terrible events, mistrust and not grasping onto a hot hand. To be exact Lindner killed the conservatory that was to go atop the new Lazarus department store fwiw. Edited March 17Mar 17 by ucnum1
March 17Mar 17 Just now, ucnum1 said: To be exact Lindner killed the conservatory that was to go atop the new Macy's department store fwiw. Lindner definitely instructed Winburn to flip flop on that in 1994 imo
March 17Mar 17 48 minutes ago, stashua123 said: Lindner definitely instructed Winburn to flip flop on that in 1994 imo Lindner absolutely got Charlie Winburn to change his vote with a last minute meeting a few days before the final conservatory vote. Damn shame too because nothing ever did get built stop the department store building to date. https://www.cincinnati.com/story/news/politics/2018/01/04/city-says-replacing-macys-can-quick-history-says-no-reality-check-history-says-replacing-macys-wont/1001714001/ Edited March 17Mar 17 by ucnum1
March 18Mar 18 23 hours ago, ucnum1 said: The Banks development was the best thing to ever happen to Covington IRS site as a blueprint on what not to do. The Banks vs. IRS aren't the same thing at all.
March 18Mar 18 5 minutes ago, Lazarus said: The Banks vs. IRS aren't the same thing at all. Without a doubt the 23 acres Covington riverfront site will be developed and fully built out years and years before the Banks is finished. The Banks had a 24-25 years head start. 18 aces of development with a county sales tax and state to help build out the infrastructure and still only half way built out. The IRS site already has anchor tenants like NKU medical school and law school building fully funded.Also a 400 room convention hotel will be announced soon as another anchor tenant.
March 20Mar 20 On 3/18/2025 at 3:16 PM, ucnum1 said: Without a doubt the 23 acres Covington riverfront site will be developed and fully built out years and years before the Banks is finished. The Banks had a 24-25 years head start. 18 aces of development with a county sales tax and state to help build out the infrastructure and still only half way built out. The IRS site already has anchor tenants like NKU medical school and law school building fully funded.Also a 400 room convention hotel will be announced soon as another anchor tenant. Your dog having 5 puppies isn't the same thing as your wife having quintuplets.
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