The east bank of the Cuyahoga River is on its way back, largely due to the $275 million Flats East Bank Development. This large project, which will be completed in phases, will completely redevelop what was a deserted entertainment district into a thriving mixed-use office, residential and entertainment destination.
Phase one of the project will feature a new 18 story, 500,000 square foot office tower, the first new construction office tower in Downtown in over 15 years. The building will be the new home for Ernst & Young and Tucker Ellis & West LLP. In addition to the new Class-A office space, the Flats East Bank will include Cleveland's first aLoft Hotel, featuring 150 rooms, 3,000 square feet of meeting space and a gym.
After the completion of phase one, visitors and nearby downtown residents will be able enjoy a new 14-acre public park with open recreational fields and a 1,200-foot riverfront boardwalk. Creating public space for employees, residents and visitors to enjoy has always been a major element of the Flats East Bank development, and in phase one the park and open spaces will be even larger for everyone to enjoy.
As the development continues to grow, it will expand to residential opportunities, including condos, apartments and townhomes--all with exceptional views of the downtown skyline, Lake Erie and the Cuyahoga River.