CLEVELAND, OH (WOIO) –
Flats East Bank developers announced on Wednesday that they have secured commitments from seven new retail tenants, leaving limited space available in the blossoming $500 million waterfront development.
The seven new retail tenants include: BBR sports bar, The Beer Market, Big Bang dueling piano bar, Constantino’s Café, East Bank News & Gift, FWD: night club and Panini’s Bar & Grill.
The development’s success has accelerated Phase 2. Developers are working to finalize financing and plan to announce a Phase 2 groundbreaking within the next few months, subject to finalization of financing.
“Our family’s dream of 20+ years is now so very close to reality,” said Iris S. Wolstein, who is developing the Flats East Bank along with her son, Scott Wolstein, and Fairmount Properties. “My late husband, Bert, would be so proud to see the interest from tenants locally and nationally who chose to invest in the Flats.”
Scott Wolstein added: “The redevelopment of the Flats East Bank was my father’s dream but he never got to see it materialize. We knew the potential was vast, but now to see the blood, sweat and tears of the last few decades come to fruition is very gratifying.”
Among the new tenants will be four restaurants/bars offering an eclectic mix of cuisine and entertainment, a high-end night club featuring world famous deejays, a gift shop and an office tower café and deli.
The Big Bang, with four other locations across the country including St. Louis and Nashville, is centered around two grand pianos and four talented entertainers who combine music, comedy and audience participation to create a fast-paced, high-energy show. Sam Leatherwood, co-owner of the Big Bang along with partner Meredyth Muller, spent several years living in Cleveland in the 1990s and will open his fifth venue here.
“I developed a deep appreciation for Cleveland and the spirit of the people here,” said Leatherwood. “Clevelanders are fun loving and loyal to their friends, local businesses, their sports teams and their city in general. We have a lot of faith in Cleveland and the revitalization of the Flats, and believe wholeheartedly that this development will re-establish its national reputation as a vibrant entertainment district.”
All the tenants share Leatherwood’s enthusiasm for both Cleveland and the project, but offer diversity in their offerings. FWD: will offer a chic, high-end waterfront dance club featuring world famous deejays. Already a local favorite, Panini’s Bar & Grill will have a waterfront location with large patios. Popular Cincinnati-based BBR will offer an expansive menu and entertainment, and Chicago-based Beer Market will feature 500+ microbrews including American craft, flavored, organic, gluten-free, seasonal, and other specialty beers, wines, and beverages.
To see more of the Flats revamp and development, click here: 19ActionNews.com
Article and Picture Courtesy of WOIO 19 Action News