CINCINNATI — Crawford Hoying, a real estate developer based in suburban Columbus, has acquired The Banks, a two-property, 592-unit project located in Cincinnati. The property was sold by Nicol Investment Company for an undisclosed price.
The Banks project consists of two properties, Current at the Banks and Radius at the Banks, totaling 592 units. In addition, the development has approximately 100,000 square feet of ground-floor retail. Located between Cincinnati’s MLB and NFL stadiums, the riverfront portfolio at The Banks connects the city grid and downtown to the historic riverfront.
The 300-unit Current at the Banks includes more than 77,000 square feet of ground-floor retail including The Holy Grail, Jefferson Social, Fishbowl and Ruth’s Chris. Radius at the Banks has 292 units as well as 19,000 square feet of ground-floor retail, which includes E+O Kitchen and Taste of Belgium.