The Banks was developed as part of the Cincinnati Central Riverfront Master Plan of 1997. It is a mixed-use development containing apartments and restaurants and is situated between Paul Brown Stadium, Great American Ball Park, The National Underground Freedom Center, and the Phyllis W. Smale Riverfront Park. Construction of Phase I of The Banks started in 2009 with the majority of it completed in 2011. By 2012, apartments became occupied as well as the street level restaurants. The project has created the equivelent of 7 city blocks of parking. The parking to the west of the completed section is exposed now but soon will be covered and act as a platform for future development. With Phase I of the development nearing completion, Phase II will soon be starting with future development of office buildings, residential and retail units, and a hotel.