Press Releases

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

A Statement From Flats East Development LLC Regarding Eaton’s Potential New World Headquarters
September 17, 2008
We have been aware since Eaton announced plans to relocate that it has been considering several sites that would accommodate a campus-like setting. We knew it would be a challenge to offer the scale of a suburban greenfield site, but to be supportive of this community, we gave it our best civic effort to provide an alternative that could keep the company downtown. READ MORE

1 Hotel & Residences Slated for Flats East Bank
Starwood Capital Group joins The Wolstein Group and Fairmount Properties to bring 1 Hotel and Residences, a sustainable luxury hotel property, to Cleveland
May 16, 2008
Cleveland will be among a select handful of cities - including New York, Scottsdale and Washington D.C. - to announce that it is home to the 1 Hotel & Residences at W. 11th Street and Main Avenue in the new Flats neighborhood. 1 is setting a standard in global environmentally-conscious luxury living, by combining five-star service and features with the finest sustainable architecture and interior design. 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

Flats East Bank Attracts First Major Office Tenant
Tucker Ellis & West announced as anchor tenant for Cleveland's first new office tower in 17 years
February 12, 2008
Cleveland-based law firm Tucker Ellis & West LLP has reached an agreement in principle to join in the Flats East development and will become an anchor for downtown's first new office building in nearly two decades. READ MORE

Cleveland's Flats to Re-emerge with New Life and Vitality
$225 million development will create full-scale neighborhood on Flats East Bank, marking first step toward housing on downtown's waterfront and enhancing regional interest in Downtown Cleveland
May 16, 2005
The former entertainment mecca that contributed to Cleveland's comeback in the early 90s will experience a renaissance to bring people - and life - back to the East Bank of Cleveland's Flats. READ MORE

Economic Benefits of the Flats Redevelopment Project
September 2005
This study estimates the overall economic impact of the proposed redevelopment of the Flats to the City of Cleveland and Cuyahoga County. READ MORE

Flats Redevelopment to Complement City's Lakefront Plan and Improve Public Access
Developer and architect present project overview to City Planning Commission; East Bank project to enhance access and incorporate green space and green building elements
October 7, 2005
Developer Scott Wolstein, along with Pete Spittler of Forum Architects, appeared before the City Planning Commission today to present the Commission with a project overview of the Flats project. READ MORE

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