CLEVELAND, Ohio -- The East Bank of the Flats is getting bigger and better. Developers announced some big name restaurants moving in, and an additional phase which includes a residential area.
The East Bank of the Flats is getting a makeover.
"We're very excited about what we've accomplished," said developer Scott Wolstein.
The $500-million development has landed some big name restaurants like Toby Keith's I Love This Bar and Grill.
"The Toby Keith facility is huge for this project. We're talking about a 20,000 square foot facility that does a significant amount of volume," Wolstein said.
In addition, Ken Stewart's, Lago, Flip Side and Dos Tequilas are joining the restaurant parade in the Flats East Bank project.
"If you have those big names, big name brands that can be a great public relations opportunity," said Rachel Bucey, of Lakewood.
The Flats East Bank Developers also announced that they are adding a second phase worth $120- million which will include a residential complex.
"I have no doubt that there will be a huge demand for the downtown apartments we're building. They will be different from anything we've seen," Wolstein said.
And when Phase two is complete, you can expect even more places to eat, shop and be entertained.
"When we are done with this next phase, there will probably be about 15 to 20 restaurant and entertainment venues in addition to 150 units of apartments," said Wolstein.
Not only is this big news for the city of Cleveland, but it's big news for residents of Northeast Ohio who are happy the flats are coming back to life.
"To see five restaurants come into the Flats and start to bring in new businesses will give the urge for other businesses to get involved in the redevelopment of the East Bank of the Flats," said Ron Copfer, of Brecksville.
"Any kind of business development is awesome for the city and I'm really excited about being here and seeing all the growth," Bucey said.
Phase one of the project, which includes an 18-story office tower, is expected to be completed by April of 2013.