The East Bank neighborhood of Cleveland, Ohio is back and better than ever. On the East Bank, which overlooks the historic and stunning Cuyahoga river, a redevelopment project is under way that will bring out locals and tourists alike to enjoy a stroll down the newly constructed riverfront boardwalk, stopping along the way in the numerous new and thriving shops, restaurants, and bars. This project, named after the areas low-lying topography, is called Flats East Bank.
The Vision
With the help of the investment partnership between Wolstein Group and Fairmount Properties, the East Bank will soon be reawakened and redeemed. The partners have generously devoted $750 million to fulfill their vision of redeveloping this iconic neighborhood so that the locals and tourists of Cleveland, Ohio will have an intriguing new scene to explore and enjoy.
Wolstein Group envisions the Flats East Bank as a showcase for the city of Cleveland. It will be a hub of activity, and it will cultivate a sense of appreciation among Clevlanders who love their hometown.
The Plan
Phase I of the project, which is already complete, has welcomed new additions to the East Bank, such as a variety of local restaurants and bars, a contemporary fitness center, a chic hotel, and a 23-story office tower. Phase II, which will integrate entertainment venues, a residential building, additional restaurants, and a waterfront boardwalk, is in the midst of construction. Additional planning for the final phase is currently underway, but phase III will add up to 100 residences, a movie theater, and street level retail. When the final phase is complete, the Flats East Bank will offer over 500 parking spaces, over 14 dining and entertainment options, and endless opportunities for fun.
It’s A Community Effort
The city and the county are in active support of the reconstruction, and Mayor Frank G. Jackson even attended a ribbon-cutting ceremony on October 1st to celebrate the progress of the construction. Local Clevelanders are ecstatic as well, stating that before the reconstruction, the reputation of the East Bank was less than inviting, but now they are thrilled with the positive changes that are taking place.
Second chances do not come along often, but through the generosity of noble donors and investors, the Flats East Bank has been given another opportunity. The rejuvenation of this waterfront locality will bring people together to live, work, and play downtown, just as the Wolstein Group envisioned. The Flats East Bank is finally experiencing a rebirth. Soon the transition back into the local hub, entertainment destination, and beloved community that it once was will be complete. We can’t wait to see what the future holds for Flats East Bank!
