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CINCINNATI — Atlanta developers Carter and The Dawson Company have received approval from the city of Cincinnati and Hamilton County, Ohio, for the development of the $600 million Cincinnati Banks project. The development will consist of 2.8 million square feet of residential, office, hotel and retail space on 18 acres along the Ohio River in downtown Cincinnati. Construction of the first phase will begin in early 2008, which will consist of approximately 300 apartments and 70,000 square feet of retail. Completion of Phase I is expected in 2010.