All I have to say is it's about time.
Flats East Bank financing set to close Tuesday, despite a dispute with the architect
Published: Monday, December 20, 2010, 7:30 PM Updated: Monday, December 20, 2010, 7:37 PM
CLEVELAND, Ohio -- A dispute with an architectural firm is causing complications for the Flats East Bank project, just as the stalled development is finally ready to go.
The developers of the $275 million project filed a lawsuit Monday against Forum Architectural Services LLC, a Cleveland firm that has crafted site plans and designs for a mixed-use neighborhood at the mouth of the Cuyahoga River.
After years of effort, the Wolstein Group and Fairmount Properties are scheduled to close on their financing Tuesday -- the crucial step to lock in the public and private money to build an office tower, a hotel, a parking garage, retail and park space. But the developers claim their closing was almost derailed -- and that the project was nearly destroyed -- because of Forum's efforts to secure payment for its work.