Baseball Stadiums Drive Housing Costs

Photo from The Atlantic Cities

The Atlantic Cities recently examined how living near a stadium can drive the cost of housing. The article looked at home prices from the past year in neighborhoods within a mile or two of each stadium.
For die-hard baseball fans, the decision to live near the stadium of their favorite team is a no-brainer. Projects such Carter’s The Banks, located near the Cincinnati Reds stadium, have been thriving.
Current at The Banks, the 300-unit apartment building that was delivered in the first phase of The Banks mixed-use development, is fully leased with several people on a waiting list. Given the strength of the project, Carter plans to break ground on Phase II in 2013, which will include an additional 300 apartment units.
Despite cold weather on Opening Day, WVXU reported that thousands of fans turned out to enjoy the restaurants and bars at The Banks and partake in the second annual Reds Community Fund Charity Block Party. Check out the Cincinnati Enquirer’s slideshow of photos from Opening Day parties at The Banks.  
Click here to read our blog post about Opening Day at The Banks.

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