The Banks project’s next phase will double the number of apartment units in the development, if city and county officials agree.
The developers said Phase IIA of The Banks project will be a 9-story building spanning a full city block from Rosa Parks to Race Street and between Freedom Way and Second Street.
It will have approximately 305 one- and two-bedroom apartments and approximately 21,000 square feet of space for retail. The apartments will be between 615 and 1,300 square feet.
Cincinnati’s City Council’s Budget and Finance Committee will consider proposed amendments to The Banks Master Development Agreement, while the Hamilton County Board of Commissioners will consider the matter at its Aug. 21 board meeting.
Developers say the 300 or so apartments already built are all occupied, as is all but one retail space.