The Future Skyline

September 15, 2014

Flats East BankMillions in Cleveland Development Is Reshaping Downtown

By Keith Gribbins

A City Connected

Cleveland has a unifying vision for its downtown. By 2016, the recently completed FirstMerit Convention Center of Cleveland and Global Center for Health Innovation will connect to a 600-room Hilton Cleveland Downtown hotel. A planned $47 million pedestrian and bicycle bridge will unite these facilities to the lakefront and venues like the Rock and Roll Hall of Fame and Museum, while the $40 million renovation of Public Square will connect it all.

New Moon over PlayhouseSquare

Lighting up Euclid Avenue is a 20-foot tall, 8,500-pound crystal chandelier that hovers above Cleveland's Theater District. Not only does it hold the Guinness World Record for largest outdoor chandelier, but it's a beacon for PlayhouseSquare, celebrating the largest theater district in America outside of New York. It's all part of a $16 million makeover of Cleveland's Theater District, which also includes new signage and gateway arches.

The Flats Reinvented

Cleveland's classic entertainment riverfront is being revamped for today's new tourist. Phase I of the Flats East Bank Development featured the 18-story Ernst and Young Tower, Aloft hotel, and several bars and bistros. Now Phase II of the $500 million project (currently underway) includes a 3.5-acre park, expansive wooden boardwalk, cool new apartments, and top restaurants that include Toby Keith's I Love This Bar and Grill, Cleveland Beer Cellars, and BBR.

City Living

According to the Downtown Cleveland Alliance, there are more than 12,000 residents living in downtown Cleveland today, which is the largest number of residents in over six decades and by 2020, the city expects some 20,000 urbanites. To help meet demand, construction of 1,110 new units is currently underway, including residences at complexes like the East Ohio Gas Building and Flats East Bank.

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