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The Banks Cincy

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Banks apartments named, pre-leasing begins August

The second apartment building at The Banks will be named Radius, the project’s master developer Carter & Associates announced Friday morning.

“Radius was chosen because this living space provides the best of Cincinnati all within easy reach,” said Malloy Peterson, senior vice president at Atlanta-based Carter, in a news release.

The name symbolizes all that’s available around the new apartments, including the Ohio River, the playground at Riverfront Park, downtown dining and sports events, Peterson said.

A view of the riverfront as construction continues on General Electric’s U.S. Global Operations Center, apartments and retail.

The apartments will be managed and leased by Bell Partners Inc., a North Carolina-based real estate company. Bell will also manage Current, the complex that includes 300 luxury apartments built in the first phase of development.

Current was formerly managed by Village Green. Representatives from Village Green and The Banks did not immediately return calls about why the switch was made.

“We are consolidating management of The Banks’ residential properties under one company, and we appreciate Village Green’s significant contribution to the success of Current,” Peterson said in the release.

Pre-leasing for the studio, one-bedroom and two-bedroom apartments will begin in early August. More information about amenities and pricing will be available later, The Banks said.

Developers broke ground on the second phase of development at Race and Second streets in May 2014. The nine-story apartment building will include 291 apartments and almost 20,000 square feet of retail. Phase II will also include a build-to-suit office building for General Electric.

The $67 million development is expected to be finished in early 2016.