Tuesday, January 28, 2014

Flats East Bank Phase II plans approved by Planning Commission; groundbreaking to start soon

Drawing on the energy created by the opening and tenancy of the new Ernst & Young Tower, the Flats East Bank project pushes forward with a 243-unit residential component next to the river. The City Planning Commission approved their plans this month and groundbreaking is expected to happen within weeks.

Here are some fast facts about the next phase of the project:

  • 243 residential units
  • 130-175,000 square feet
  • 246 indoor parking spaces
  • Direct access to adjacent Waterfront Line rapid transit station
  • 10-15 restaurants and retail spaces
  • Riverfront boardwalk
  • Lake views
  • $120 million price tag
  • Part of a larger 23-acre complete ground-up redevelopment of the east bank of the Flats, bounded by downtown Cleveland, the Cuyahoga River and Lake Erie.

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