The Banks has a new out-of-town owner, and they hope to make changes to the property that will create a more vibrant downtown Cincinnati destination used every day of the week.
Crawford Hoying has always had an affinity for downtown Cincinnati and had been looking for the right opportunity there for about 10 years. Crawford was born and raised in Batavia, and Bob Hoying, principal of the firm, is the grandson of Cincinnati Reds Hall of Famer Wally Post.
“What we really like is dense, mixed-use properties, and that’s really become our bailiwick,” Crawford told the Business Courier. “You get that sort of 24/7 vibrancy depending on the mixes that you have there.”
In the short-term, Crawford Hoying wants to learn more about the property and Banks area before making any big changes. It will start with smaller changes and upgrades, Crawford said. New signage, for instance, will better direct individuals to the leasing office and parking garage at the Banks. It will also study traffic flow and patterns around the Banks to inform choices on events and programming.
Several parcels of undeveloped land remain around the riverfront corridor. It’s been suggested that a hotel or multifamily housing could be a good addition to land east of Paycor Stadium. A hotel is something Crawford could envision being a good idea to the Banks area, and he thinks it’s essential to keep building up the area surrounding the Banks to create density and increased foot traffic.
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