finally phase two has been announced!
Flats East Bank project lines up country-music venue, eateries and looks to $120 million phase 2
Michelle Jarboe McFee, The Plain Dealer 4-13-12
Quote:
CLEVELAND, Ohio -- A country-music venue and four restaurants have signed deals at the Flats East Bank, as the developers of the waterfront neighborhood wrap up leasing for the first part of the project and turn their attention to a $120 million second phase.
On West 10th Street, well-known Northeast Ohio restaurateur Ken Stewart has signed a lease to open a steak and seafood restaurant bearing his name. Ken Stewart's will be joined by a Flip Side burger joint, a gourmet taco restaurant called Dos Tequilas and Lago, a popular eatery moving from Tremont to the Flats.
The retail announcements come as construction is well under way on the $275 million first phase of the Flats East Bank, a waterfront neighborhood being developed by the Wolstein Group and Fairmount Properties. An 18-story office building, a 150-room Aloft hotel, a gym and a riverfront boardwalk are slated to open next spring.
And the developers are unveiling their plans for a $120 million second phase, including a 140-unit apartment complex. A rendering of the project shows a building that gently scallops along the riverfront. Phase two also would include restaurants and entertainment, on the ground floor of the apartment building and other areas of the site.
The 23-acre Flats East Bank site has room for hundreds of additional apartments. But the developers, who fought to keep their office-and-hotel plan alive during a brutal recession, are tackling the rest of the project in bite-sized pieces. To make the apartment plan work -- and offer competitive rental rates -- the second phase is sure to involve a combination of public and private financing.
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I know the image is quite large, but it really shows great detail (plus Im on an old work computer that isnt cooperating quite well for resizing)