A riverfront battle is brewing as plans take shape for new hotels, apartments, retailers and entertainment along Newport and Cincinnati’s waterfronts.
If all goes as planned, more than $175 million in riverfront development is set to be unveiled with plans that will expand the region’s top waterfront destinations: The Banks in Cincinnati and its neighbor to the south – Newport on the Levee.
Collectively the projects will add nearly 600 new river-view residences, new retailers and two new-to-the-market hotels over the course of 2016.
Between now and then developers behind the plans will be vying to lure new tenants and court residents to their respective riverside manors.
“It will be interesting to watch how each takes shape,” said Terry Ohnmeis, a real estate broker at DTZ, a commercial real estate services firm with offices in Cincinnati.Full Article