Radius at The Banks Cuts Ribbon at Grand Opening Celebration
New luxury apartment community doubles living space at The Banks
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CONTACT: Jon Reischel
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CINCINNATI, OHIO – APRIL 12, 2016 – Radius at The Banks – the newest luxury apartment community at downtown Cincinnati’s premier mixed use development – celebrated its Grand Opening Tuesday evening with a ribbon cutting ceremony. Cincinnati Mayor John Cranley, Hamilton County Commission President Chris Monzel and Bob Peterson, Chairman and CEO of Carter, master developer of The Banks, cut the ribbon to officially open Radius. Attendees – including many of the first residents at Radius – were treated to tours of the new community and live entertainment.
A key part of Phase II at The Banks, Radius features nearly 300 one- and two-bedroom apartments, as well as a modern fitness center, resort-style pool, yoga studio and resident clubhouse. Elegant interiors feature high-end finishes, hardwood-style floors, granite countertops, stainless-steel appliances, private baths and walk-in closets. Balconies open up and connect residents to views of a dynamic Cincinnati cityscape or the rolling Ohio River.
“With Radius, we’ve created one of the great downtown living options in Cincinnati,” said Peterson. “Each apartment is an elegant private escape, right in the middle of the excitement and energy of The Banks. Current was the first apartment community at The Banks, and it’s had full occupancy with a waiting list since it opened five years ago. We’re already seeing the same kind of response to Radius. Add in all the recent new tenant announcements in Phase I and Phase II and we have significant positive momentum to celebrate and build upon.”
In addition to Radius, Phase II of The Banks also features the General Electric U.S. Global Operations Center – scheduled to open later this year – and 20,000 square feet of retail space. Construction is already underway in that space on local favorite restaurant Taste of Belgium and Pies & Pints, a craft pizza and beer eatery. The Banks also recently announced three new Phase I tenants: entertainment venue The Stretch from 4EG, drinkware retailer Tervis and gourmet burger restaurant BurgerFi. And construction is underway on the AC Hotel Cincinnati at The Banks, a 171-room luxury hotel slated to open next year.
“When The Banks first opened five years ago, we had a vision for a dynamic riverfront development that would include retail, restaurants, residential, office space, hotels and more,” added Peterson. “Together with the City of Cincinnati, Hamilton County, and our dedicated investors and partners, we’re seeing that vision come to life. Radius at The Banks is one more important step in that process and we couldn’t be more pleased at how beautifully it came together and how positive the reaction has been so far.”
About The Banks
The Banks is Cincinnati’s largest single, mixed-use development composed of a dynamic blend of residential, office, hotel and retail components. In addition to creating a destination where people can live, work and play, The Banks will be the capstone for regional economic growth and urban revitalization. For more, visit www.thebankscincy.com.
Carter is one of the country’s leading real estate investment, development and advisory firms with mixed-use, multi-family, office, student housing and education/institutional projects under construction around the country. The company, founded in 1958, is headquartered in Atlanta and has a proven history of creating values for its partners, investors and clients. Carter’s real estate professionals use a team-based approach that leverages strong expertise and a deep knowledge base in a wide variety of markets. Carter specializes in developing mixed-use, multi-family and office developments in urban infill locations and developing student housing adjacent to universities. Carter also invests in value-add real estate investment opportunities, having invested over $1 billion in assets in the past decade. The company’s program management practice provides representation to education, institutional and government clients, while its advisory practice advises clients and partners as they make strategic real estate decisions. For additional information on Carter, please visit: www.carterusa.com.