The Banks Scores on Opening Day

 Carter’s Mixed-Use Project In Downtown Cincinnati is a Homerun

The 2013 baseball season has officially begun, and the Great American Ballpark was bustling Monday as 42,000 fans crowded into the home of the Cincinnati Reds to be a part of the 137th Reds Opening Day. Many of those fans flooded downtown Cincinnati to tailgate and watch the first crack of the bat as the Reds took on the Los Angeles Angels for the season opener. Carter’s The Banks mixed-use development was the place to meet up with friends, grab a bite to eat and hang out.

“The popularity and success of The Banks shows the importance of public-private partnerships in today’s economy,” says Jim Shelton, vice chairman of Carter. “The Banks has been a landmark project for Carter, and we’re proud to be part of such a successful development that is inextricably linked to America’s national pastime.”

Several bars and restaurants had lines out the door, including Yard House, the newest addition to The Banks. Jimmy John’s also opened recently, and Jefferson Social, a restaurant that serves Mexican street food, will open later this summer during the peak of baseball season. The Cincinnati Enquirer captured the opening day action, including fans dancing in the street during the second annual Reds Community Fund Charity Block Party. The Banks anticipates another strong crowd for tomorrow’s 7:10 p.m. game against the Angels.

“The Banks’ vision of being a great place for people to live work and play is turning into reality,” said a spokesperson for The Banks. “We’re pleased that we’ve become such an integral part of one of Cincinnati’s proudest traditions – Opening Day. Thousands of people enjoyed what The Banks had to offer as the Reds started the season and we look forward to many more Opening Days.”

Tenants prepared for the rush by taking measures such as having extra staff on hand and making sure that additional food and beverages were available. Tin Roof manager Hill Hodges told Fox 19 that the restaurant even brought in support trucks in the back stocked with extra beer. This was the first opening day for several restaurants, including Tin Roof, Mahogany’s and CRAVE, all of which opened last fall. Additionally, Ruth’s Chris Steak House opened in October and Wine Guy Bistro relaunched as WG Kitchen & Bar in March.

“Virtually all of the tenants at The Banks were reporting record sales yesterday and were excited for the start of the season,” said Mark Fallon, retail broker for The Banks. “Truly a proud moment for Cincinnatians as they have seen their riverfront turn into a world-class destination.”

As a result of several new retailers coming on board, The Banks has now reached 91 percent occupancy. Additionally, since Opening Day of last year, even more residents have continued moving in to the downtown riverfront development. Current at The Banks, the 300-unit luxury apartment complex situated atop street-level retail, is now 100 percent leased.

In the fourth quarter of this year, Carter plans to break ground on Phase II of The Banks, which will include 300 apartment units and 60,000 square feet of retail. Click here to read a previous blog post. Check out Carter’s YouTube page to see a video of the opening day action.

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