Carter Continues to Bring Tenants to The Banks

By Laura Swadel, director, Carter

Carter continues to fill The Banks mixed-use development here with quality tenants, despite the tough environment for the commercial real estate industry.

Earlier this week, Carter announced that Mahogany’s Cafe and Grill will open a new location in The Banks in April. Mahogany’s is an upscale soul food restaurant that will increase the presence of minority-owned enterprises at The Banks. Co-owned by executive chef Liz Rogers, Mahogany’s signed a lease for 3,500 square feet between The Holy Grail Banks and the spot where Tin Roof will open a location.

The Banks is an 18-acre mixed-use project rising on the banks of the Ohio River, between Paul Brown Stadium and Great American Ball Park. Carter serves as master developer of The Banks in partnership with The Dawson Co., an Atlanta-based development firm and one of the city’s oldest African-American-owned commercial real estate firms.

The Banks is a prime examples of the new, narrowed focus at Carter. In December, Carter announced it would focus on successfully developing in urban locations – especially multifamily – and in investing in value-add office properties. Carter also will grow its strategic consulting and interiors businesses. 

At The Banks, Mahogany’s is the latest in a string of restaurants and entertainment venues to commit to the landmark development. Toby Keith’s I Love This Bar & Grill, Christian Moerlein Lager House and Tin Roof will open this winter, and Holy Grail Banks and Johnny Rockets opened to much fanfare last year.

 “The food [at Mahogany’s] is fabulous. Liz is passionate about it and she’s got a great product,” Cincinnati City Manager Milton Dohoney told the Cincinnati Enquirer this week. “We continued to be pleased by the development at The Banks and we’re getting a lot of positive feedback. We think this will only add to that.”

For more information about leasing and other opportunities at The Banks, contact Laura Swadel of Carter at [email protected]

 

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