Press Releases

Seven new tenants commit to Flats East Bank bringing more energy to Cleveland’s $500 million riverfront development
April 10, 2013
On the heels of announcements of three new office tenants, Flats East Bank developers today said that they have secured commitments from seven new retail tenants, leaving limited space available in the blossoming $500 million waterfront development. The development’s success has accelerated Phase 2. READ MORE

Wells Fargo and Gilbane Building Company moving to Flats East Bank
April 03, 2013
Flats East Bank developers announced today leasing commitments from Wells Fargo and Gilbane Building Company. The new tenants will occupy a total of 30,000 square feet of Class A office space in Cleveland’s newest 23-story office tower. READ MORE

Northwestern Mutual to occupy 6th Floor at new Ernst & Young Building
March 03, 2013
The Northern Ohio/Cleveland office of Northwestern Mutual will soon be conducting business in new, class A office space at the Ernst & Young Tower in the Flats East Bank neighborhood. READ MORE

Local chef Christopher DiLisi to open new restaurant in Flats East Bank
September 11, 2012
Momentum continues for the $500 million Flats East Bank project with a commitment from local chef Christopher DiLisi. His new restaurant concept, Willeyville, joins a growing list of restaurants for the new Flats neighborhood including Toby Keith’s I Love This Bar & Grill announced this spring. READ MORE

Flats East Bank leasing momentum continues with commitments from Toby Keith and four other restaurants; Developers gearing up for Phase 2
April 12, 2012
Flats East Bank developers announced today that they have secured
commitments from five new restaurants, proving that the $500 million development has caught the attention of prospects locally and nationally. New tenants will include Toby Keith's I love This Bar & Grill, Ken Stewart's, Lago, Flip Side and Dos Tequilas. READ MORE

Cleveland Skyline gets big addition to aid new construction in the Flats
August 12, 2011
The Flats East Bank project is set to enter a new phase next week when an imposing construction tower crane begins operation. The tower crane will assist in the construction of an 18-story office building. READ MORE

Flats East Bank project secures financing; Construction to begin
December 21, 2010
Bert Wolstein’s grand vision for the Flats East Bank has come into sharper focus. The project is the first major private urban multi-tenant office development in the nation to close on financing and restart construction since the great recession. READ MORE

CB Richard Ellis is third business tenant to join Flats East Bank office tower
November 17, 2010
CB Richard Ellis, the world’s largest commercial real estate services company, will move its 150-employee Cleveland office to the second floor of the new Flats East Bank office tower. CB Richard Ellis will also co-manage the building with Fairmount Properties. READ MORE

Aloft Hotels to Debut in Cleveland
August 20, 2010
Starwood Hotels and Resorts Worldwide, Inc. announced plans to debut its Aloft brand in Cleveland. Aloft Cleveland Downtown is scheduled to open in early 2013 as a key element of the Flats East Bank development. READ MORE

Flats East Bank Project Revived
September 15, 2009
Today Mayor Frank G. Jackson and Governor Ted Strickland announced a breakthrough in their efforts to significantly close the funding gap created by the global economic crisis that will allow the much anticipated Flats East Bank project to move forward. READ MORE

Flats East Bank receives $3.2 million from the State of Ohio
May 21, 2009
Developers and public partners continue to find resources to move waterfront project forward. READ MORE

State money expected to re-energize Flats East Bank project
May 18, 2009
The Ohio Development Financing Advisory Council has approved a $3.2 million urban redevelopment loan to the city of Cleveland for the project. The state money, combined with $1.5 million from the Cuyahoga County Brownfield Revolving Fund and a $1.25 million loan from the city of Cleveland, complete financing for this stage of site work. READ MORE

The Right Place, The Right Price, The Right Time - The Medical Mart Presentation
Feburary 25th, 2009
The Lakefront Site is the right place for Cleveland’s New Medical Mart and Convention Center. It is the right place to design and build the most innovative, cost-effective and competitive convention facility in the country. READ MORE

Flats Project To Move Forward
Developers say Flats East Bank will happen, despite troubling economic times, but work to be temporarily suspended
October 28, 2008
The developers of the $522 million Flats East Bank neighborhood say that despite worsening economic conditions, they still intend to move forward with the project. But, they say work will be placed in a temporary holding pattern in the face of the global credit crisis that is impacting the developer's ability to close private and public financing anticipated for the project. READ MORE

Ernst & Young Announces Plan to Keep 1,200 Employees Downtown
Developer Wolstein's neighborhood vision key to firm's decision
May 8, 2008
Today at Cleveland City Hall, Mayor Frank G. Jackson and Ernst & Young LLP's local and national leadership announced the firm has signed a letter of intent to lease space in an office tower real estate developers - The Wolstein Group and Fairmount Properties - are building as part of their Flats East Bank project. READ MORE

Sen. Voinovich Announces $4 Million Award for Flats, Cleveland's First Downtown Grocery Store
Funds will create jobs, make revitalized Flats East Bank more attractive home for Clevelanders
May 8, 2008
U.S. Senator George V. Voinovich (R-OH) today announced that the city of Cleveland will receive a $4 million award - half of which is a grant, half a loan - from the U.S. Department of Housing and Urban Development (HUD) for brownfields redevelopment inn the Flats East Bank neighborhood. READ MORE

$500 Million Rebirth of Flats Closer
Architects hired for riverfront development; Completion of master site plan sets stage for design and construction
March 28, 2008
Updated plans for the $500 million Flats East Bank development emphasizing riverfront access, abundant green space and improved connectivity to the waterfront and bordering downtown destinations were outlined at a Cleveland City Planning Commission meeting today. READ MORE

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