The Emerging Cleveland and Northeast Ohio Construction Set To Begin On Flats East Bank Project December 27th, 2010 12:50 AM Michelle Jarboe of the Plain Dealer reported December 22, 2010: "¶Construction will start this week on the long-delayed Flats East Bank project, now that developers\lopers have finally locked in the money to build offices, a hotel, retail space and a park at the mouth of the Cuyahoga River.  ¶The Wolstein Group and Fairmount Properties closed on their financing Tuedsay - making a $272 million development real after years of dreaming and planning. Set to open in spring 2013, the project will extend downtown Cleveland to the waterfront and include the central business district's first new multitenant office building in more than a decade.  ¶The $272 million first phase will house accounting firm Ernst & Young, law firm Tucker Ellis & West and CB Richard Ellis real estate brokerage - all downtown tenants itching for a new location.  The Flats East Bank also will include a riverfront boardwalk and 14 acres of parkland.  The green space eventually could be the site of residential development, shops, restaurants and entertainment venues, once the economy improves and more financing becomes available.  ¶The project is one of three potential game-changers for downtown Cleveland, where a new convention center-medical mart project is scheduled to break ground soon and a' casino is int works."         Posted by Lytle T. Davis on December 27th, 2010 12:50 AMPost a Comment (0) Subscribe to this blog * Name: * Email Address: URL: Comment: Type the characters you see in this picture, click "Submit" when finished.   This helps us prevent automated programs from posting comments and sending spam. * Name: * Email Address: Address: City: State: Zip:   This helps us prevent automated programs from creating bogus contacts and adding them to your contacts database.

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