This week, Cincinnati’s world-class riverfront district welcomes its largest user, with the grand opening of the GE Global Operations Center at The Banks. The beautiful, contemporary glass building will be home to over 2,000 professionals across 12-stories and 338,000 square feet of space. The main entrance will be at the corner of Second and Rosa Parks.
“The GE Global Operations Center is an incredible milestone for The Banks and for Cincinnati,” said Dan McCarthy, project executive for Carter, master developer of The Banks. “We’ve always envisioned The Banks with a vibrant mix of retail, restaurants, residential, hotel and office. Bringing GE to the riverfront makes that vision a reality and helps extend Cincinnati’s downtown business district directly to our greatest physical asset, the Ohio River. Add GE’s workforce to the thriving residential communities of Radius and Current, and The Banks becomes a true live-work-play destination.”
The University of Cincinnati Economics Center has estimated the potential annual impact of the GE Global Operations Center at $1 billion. The estimate takes into account the direct and indirect employment and spending GE’s new-to-market jobs are expected to create. Those jobs are expected to average an annual salary of $79,000 and will span a variety of functions, including accounting, finance, communications, customs, HR, IT, legal, logistics, supply chain and enterprise data management.
The new building is located in Phase II of The Banks, and includes 19,000 square feet of street-level retail space. Taste of Belgium and Pies & Pints are under construction and will open in the coming weeks. Next door, the newly opened Radius at The Banks luxury apartment community is bringing hundreds of new residents to the riverfront. The Banks also features a host of new and soon-to-open venues in Phase I, including Howl at the Moon/Splitsville Luxury Lanes, The Stretch from 4EG, Tiger Dumpling, Tervis and BurgerFi. Construction also continues on the AC Hotel Cincinnati at The Banks, a 171-room luxury hotel slated to open next year.
GE has signed a 15-year lease with Carter and Nicol Investment Company, co-owners of the building. PNC Financial Services led the construction financing for the project, and Brasfield & Gorrie oversaw the construction project, working with Cincinnati-based Jostin Construction. RJTR is the architect, CBRE will manage the property.
