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The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

Development Team Announces Successful Sale of The Banks

CINCINNATI (WKRC) -- The Banks Development Team has announced Thursday that they sold a portion of Phase IA of The Banks mixed-use development.

Phase IA includes the multi-family apartments, Current at The Banks, and the ground floor retail below the apartments.

The new owner is NIC Riverbanks One, an affiliate of the Nicol Investment Company.  They have a history of successful business including senior housing, office, retail, industrial, and self-storage properties.

Carter/Dawson and USAA Real Estate will continue to own the remaining portions of The Banks Phase I which includes two outparcels located south of the Freedom Center, and the Phase IB hotel and office sites.

In a press release from The Banks Development Team, Scott Stringer the executive vice president of Carter said, Given the tremendous success of Phase IA, Carter /Dawson, as the Banks Master Developer, is pleased to continue its public/private partnership with the City of Cincinnati and Hamilton County to further redevelop the riverfront into a premier retail, residential and entertainment gateway to Southwest Ohio.


VIDEO here



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