June 19, 201410 yr Will Cranley be there? With any luck they won't tell him when or where it's happening. Castellini: I get s$#t done. Cranley: I don't believe it! They didn't tell me! And I'm important!
June 19, 201410 yr I believe I read that it was going to a 400,000 sq building. It's always cool when one of you guys do a mock up to get an idea of the infill. Anyone working on it?
June 19, 201410 yr Two more articles... Will GE put its logo up at the Banks? Chris Wetterich Staff reporter- Cincinnati Business Courier Putting its U.S. global operations center at the Banks presents General Electric with the opportunity to construct a showcase building whose image will be broadcast across the country every time the Reds or Bengals play a nationally televised game. That raises the question – will the international giant put its logo on the building? http://www.bizjournals.com/cincinnati/blog/2014/06/will-ge-put-its-logo-up-at-the-banks.html GE will be a ‘huge traffic generator’ for downtown Tom Demeropolis Reporter- Cincinnati Business Courier The addition of General Electric and its at least 1,400 employees will provide a massive boost to retail and restaurant business in downtown Cincinnati, especially at the Banks. Mark Fallon, vice president at Jeffrey R. Anderson Real Estate Inc. and the retail listing agent for the Banks, said the addition of GE’s office workers is just as, if not more important, than additional residential development at the Banks. http://www.bizjournals.com/cincinnati/news/2014/06/19/ge-will-be-a-huge-traffic-generator-for-downtown.html
June 19, 201410 yr Two more articles... Will GE put its logo up at the Banks? Chris Wetterich Staff reporter- Cincinnati Business Courier Putting its U.S. global operations center at the Banks presents General Electric with the opportunity to construct a showcase building whose image will be broadcast across the country every time the Reds or Bengals play a nationally televised game. That raises the question – will the international giant put its logo on the building? http://www.bizjournals.com/cincinnati/blog/2014/06/will-ge-put-its-logo-up-at-the-banks.html This would be an AWESOME way to change the look of the skyline when driving into Cincy!
June 19, 201410 yr Do you think they will have a rendering for the building, or is this going to be Dunnhumby part 2
June 19, 201410 yr Cranley: I don't believe it! They didn't tell me! And I'm important! And all the better too, I have a feeling Castellini would have known he would have gummed up the works. Though isn't Cranley supposed to represent old school corporate Cincy interests?
June 19, 201410 yr Guys, let's be a little realistic here. I dislike Cranley's policies & style as much as the next guy, but he's always been a huge champion of the Banks. In fact, one of his biggest criticisms of the streetcar was that all of it's TIF financing from downtown would hurt the city's ability to fund future phases of The Banks (and pave streets in other neighborhoods). Also, officially saying I haven't been told doesn't mean he hasn't been a part of it. I've even heard he strongly preferred the Banks over Oakley because of the ability to have impacts in neighboring developments. Remember, he's very close with 3CDC, Castellini, the Bortz's, Tom Williams, etc. Those are all pro downtown development people. He's just also pro development he's been a part of (ie not 4th & Race) and he's pro developer incentives over things like investments in transit so developers may need less direct incentive. The guy hangs out at Zula & Kaze nearly weekly. He's pro downtown & OTR, just in a very different way than we are, and in a way where he prefers to be heavily involved in the details, and if he's not he's not a big fan of the plan.
June 19, 201410 yr Stop spoiling our fun :P You have to admit it's a bit humorous to have all these articles flying about saying it's a done deal and amidst them there's one with Cranley saying he's out of the (bleeding-edge) loop. People went to Fox19 before Cranley.
June 19, 201410 yr Channel 5 news at 6:00 was showing renderings of a building tonight, with a GE logo on it. Not sure if it was the actual building or another GE building. They also stated it will be placed in the open space next to the freedom center.
June 19, 201410 yr Channel 5 news at 6:00 was showing renderings of a building tonight, with a GE logo on it. Not sure if it was the actual building or another GE building. They also stated it will be placed in the open space next to the freedom center. There is two spaces next to the Freedom center. Which one
June 20, 201410 yr Channel 5 news at 6:00 was showing renderings of a building tonight, with a GE logo on it. Not sure if it was the actual building or another GE building. They also stated it will be placed in the open space next to the freedom center. Here is the link http://www.wlwt.com/news/the-banks-businesses-excited-about-ge-center-plans/26577216#!06ZVq That is definitely a rendering not an actual building. It is on the empty lot across from where the new hotel is going (sycamore between 7th and 8th). Interesting
June 20, 201410 yr Interesting. It appears that at some point a site Downtown was in the running. I'd imagine that rendering was just a general concept of what they could do with that site and may or may not have any relation to what we end up seeing in The Banks. Also, looking at that rendering again, I'm loving that they put a streetcar in it. I have to wonder if that played a large part in choosing their site.
June 20, 201410 yr Can we have this tower too!? “All truly great thoughts are conceived while walking.” -Friedrich Nietzsche
June 20, 201410 yr The rendering is on the parking lot across the street from where the proposed hotel, parking garage/apartment tower are planned to be on 8th and sycamore. Overall, I like the look of the building. Even though site wasn't selected it is good to know they are activity marketing that piece of land.
June 20, 201410 yr Can we have this tower too!? Maybe that's for if they move the corporate HQ here??? :? We can dream... www.cincinnatiideas.com
June 20, 201410 yr I know it is just a placeholder rendering for a different location, but it would be cool to have those wind turbine looking things on the roof too. Reminds me of these in London and GE does such things green energy wise. http://geenergyfinancialservices.com/industry-focus/renewable-energy Nice to see on the HQ building as well.
June 20, 201410 yr If that was the Norelco headquarters I'd totally buy the design, especially if they also made lipstick.
June 20, 201410 yr If that was the Norelco headquarters I'd totally buy the design, especially if they also made lipstick. I have some bold ideas for what a new Pure Romance tower could look like.
June 22, 201410 yr Joint city/county meeting to announce GE location City of Cincinnati and Hamilton County leaders are merging meetings Monday morning to announce General Electric's decision to bring up to 2,000 jobs to Cincinnati. GE has declined comment, but multiple sources confirmed to the Enquirer Wednesday that GE's months-long evaluation of possible sites ended this week with a decision to build the coveted office complex at The Banks. Officials announced the joint meeting Sunday morning, saying it was "in furtherance of the redevelopment of Ohio's Southern Gateway." In other words, the meeting is about The Banks. Cont "It's just fate, as usual, keeping its bargain and screwing us in the fine print..." - John Crichton
June 23, 201410 yr Yikes... GE incentive deal among richest in Cincinnati history Chris Wetterich and Tom Demeropolis - Cincinnati Business Courier In an incentive deal that could be the richest in Cincinnati history, General Electric will receive 85 percent of the city income taxes its employees pay for the next 15 years in order to locate its U.S. global operations center and its $142 million annual payroll at the Banks downtown, according to those familiar with the agreement. The Cincinnati City Council and the Hamilton County Commission are expected to be asked to vote on the deal at a special joint meeting at 10 a.m. Monday at Great American Ballpark. The total monetary value was unclear. The deal calls for: A 100 percent property tax abatement for developer Carter and The Dawson Company for the office building it will build to house the expected 1,800 jobs. A 15-year lease on the 10-story, 340,000 square foot, $90 million, LEED-certified building. The lease will have five, five-year renewal options. 1,500 discounted parking spaces at the Banks for GE employees. Cont "It's just fate, as usual, keeping its bargain and screwing us in the fine print..." - John Crichton
June 23, 201410 yr Why yikes? Is it a massive incentive? Absolutely. But we're going to have 80 percent of the employees coming from other regions and with $142,000,000 annually to spend in Cincinnati! That's gigantic. And we have, guaranteed, five full years after the incentives are up of these jobs being in The Banks. 1,800 people working in The Banks will more than likely also greatly accelerate future phases of the project and could have immeasurable effects on Downtown. I'm happy with everything.
June 23, 201410 yr Happy about this but if this was the mallory admin, he'd be getting slammed by local media especially am radio
June 23, 201410 yr Happy about this but if this was the mallory admin, he'd be getting slammed by local media especially am radio Has CO squawked yet?
June 23, 201410 yr Happy about this but if this was the mallory admin, he'd be getting slammed by local media especially am radio Damn straight about that.
June 23, 201410 yr I'm so glad about this whole thing. The momentum we're seeing is having such a positive snowball effect. The other thing I was thinking about is since so many people hate driving to work and that downtown is seeing a resurgence in living, A lot of the new GE employees could quickly gobble up new apartments, especially at the Banks. Not only that, since the streetcar is being built, a lot of them would feel more comfortable living downtown and riding that straight to The Banks.
June 23, 201410 yr Happy about this but if this was the mallory admin, he'd be getting slammed by local media especially am radio Has CO squawked yet? Not a peep. Finney is still enjoying that half a million payout shortly after cranley was elected
June 23, 201410 yr Happy about this but if this was the mallory admin, he'd be getting slammed by local media especially am radio Do you really think this deal started this year?
June 23, 201410 yr And to think that people were disappointed with dunnhumby, if this is a final product it looks very suburban office park. I love the move and the density and everything that comes with it, but for a company oozing money they could get something much more interesting and unique to help them stand out in the front row of the skyline.
June 23, 201410 yr and another. These are all public images. I just can't find the originals. It looks like Carter-Dawson hasn't updated the renderings for The Banks in awhile. It's still showing the townhomes facing Smale Riverfront Park even though those were removed from the plans.
June 23, 201410 yr Does this project include the other two blocks by Paul Brown Stadium as well, essentially finishing off The Banks, or are they just part of the rendering to show what it will look like when totally complete?
June 23, 201410 yr City, county OK massive GE deal Chris Wetterich Staff reporter- Cincinnati Business Courier The Cincinnati City Council and Hamilton County Commissioners on Monday unanimously approved a massive deal to bring General Electric's U.S. global operations center to the Banks downtown. Commissioners and city officials touted the deal as one that would allow the city and county to complete the Banks and make a $1 billion annual economic impact. http://www.bizjournals.com/cincinnati/news/2014/06/23/city-county-ok-massive-ge-deal.html
June 23, 201410 yr GE coming to the Banks equals $1 billion a year for region Tom Demeropolis Reporter- Cincinnati Business Courier General Electric’s new global operations center at the Banks will pack a hefty economic punch. GE is projected to produce a $1 billion per year economic boost for the region, according to a report from the University of Cincinnati’s Economics Center. http://www.bizjournals.com/cincinnati/news/2014/06/23/ge-coming-to-the-banks-equals-1-billion-a-year-for.html
June 23, 201410 yr Does this project include the other two blocks by Paul Brown Stadium as well, essentially finishing off The Banks, or are they just part of the rendering to show what it will look like when totally complete? No. The tower will be located on the Phase 2 block between Race and Vine on 2nd. The other blocks are not proposed to start construction yet. However I have a feeling this deal may finally push the county to begin building the parking garage for Phase 3 of the project sooner rather than later. “All truly great thoughts are conceived while walking.” -Friedrich Nietzsche
June 23, 201410 yr I can't tell for sure from the renderings, but it looks like there might not be a logo facing the river? Seems like this would be a low key approach? www.cincinnatiideas.com
June 23, 201410 yr Why GE chose the Banks Chris Wetterich Staff reporter- Cincinnati Business Courier Making an impact on the city, parking, the ability to draw young talent and the streetcar were among the factors that led General Electric to choose the Banks over other potential sites in Mason and Oakley for its U.S. global operations center, company and government officials said Monday. “We had four very competitive bids,” said Joe Allen, general manager of GE’s new shared services center. “The Banks was not the cheapest when it came down to it, but it was attractive for what we’re trying to develop, which is to bring 2,000 world-class folks to a great facility.” Best quote (luckily Cranley and his minions were sent packing on the streetcar vote): “I can tell you that unequivocally in one of our first meetings with General Electric, the access in terms of transit was very critical. The fact that the city had committed to doing the streetcar was one of the items that they cited as important for them to move forward in looking at the Banks as a potential location.” http://www.bizjournals.com/cincinnati/blog/2014/06/why-ge-chose-the-banks.html
June 23, 201410 yr Cincinnati Mayor John Cranley, who has been strongly against the Cincinnati streetcar project, said he was skeptical that the streetcar was an important factor in GE's decision. “That was a comment made in passing. But no one has mentioned that to me from GE. We’ll take it if that’s what happened, but Im skeptical,” Cranley told 700 WLW-AM's Bill Cunningham. Well, GE kept Cranley in the dark when they made their final decision as well. The mayor would be well served by taking a long look in the mirror and asking himself why he's the last to hear about such things.
June 23, 201410 yr Happy about this but if this was the mallory admin, he'd be getting slammed by local media especially am radio Has CO squawked yet? Not a peep. Finney is still enjoying that half a million payout shortly after cranley was elected Finney apparently opened his own firm today, or recently. On the backs of Cincinnati taxpayers I'm sure.
June 23, 201410 yr Another angle... Is this really what is going to be built?!? I'm glad they chose the Banks over Mason but not exactly happy about the Mason-esque design shown here.
June 24, 201410 yr City, county approve $112 M in GE incentives An Enquirer analysis of the GE deal to bring 1,800 jobs to The Banks shows that over the 15-year-term of the lease taxpayers will contribute $112.4 million. The breakdown of incentives: For city taxpayers: $36.4 million. For state taxpayers: $70 million. For county taxpayers: $6 million. It's the most lucrative job incentive package the city has ever offered, but it's a much-needed infusion of daytime workers for The Banks, which was always intended as a "live work play" neighborhood. Cont "It's just fate, as usual, keeping its bargain and screwing us in the fine print..." - John Crichton
Create an account or sign in to comment