A recommendation on what to do with the five remaining lots within the original footprint of The Banks is currently under review by the Cincinnati Planning Commission.
The five remaining lots are located around Paycor Stadium: Lots 4, 13, 24 and 25.
The Banks Urban Design Plan Update, led by Perkins & Will and MKSK Studios, outlines a $750 million to $800 million, 15-year vision to develop the final five riverfront parcels in Cincinnati, according to a press release.
This project is the result of 11 months of work.
The plan calls for high-rise residential development totaling approximately 860 to 1,210 units, along with retail space and a new hotel. It aims to increase density, creating a 24/7 neighborhood and strengthening connections between the riverfront, downtown Cincinnati and the surrounding areas.
The plan update identifies ways to enhance public spaces and improve connections among The Banks, downtown and the Ohio River.
Phil Beck, The Banks project executive, commended the consultant team, the plan update steering committee and project advisors for their work on the effort.
“This urban design plan update builds on the vision of The Banks as an economic driver for the city and county — a place to live, work, play and visit again and again,” Beck said. “This next stage of development at The Banks is designed to leverage what The Banks delivers today and enliven the experience for everyone every time they visit.”
The Banks Urban Design Plan Update continues the vision for a lively downtown riverfront by exploring ways to enhance public spaces, improve connections to downtown and the Ohio River and guide future development of the five remaining developable sites.