Visit THE FLATS in video with Thibaut Guéant
The Flats, THE PLACE TO BE in Cleveland.
The Flats must-see Cleveland area for nightlife enthusiasts. Bars, concerts, restaurants, outdoor shows.
The district borders the Cuyahoga River. It is very popular with hikers who travel from one river to the other taking advantage of the many boat taxis.
Previously industrial district. He saw his reorientation in the early 1990s. Renewal, rehabilitation, but also transformation. Warehouses and buildings become bars. Restaurants, concert halls. Places of nightlife and lively.
From then on, the real estate of this district regained a new balance.
Rental demands are growing. Students or employees working in the nearby outskirts of Cleveland are turning to its rental properties. Houses and apartments are returning to their former value. They are once again becoming safe values for American investors, but also foreign investors and especially European ones. The appeal of The Flats was immediately unanimous. Rents and profitability of rental investments are very quickly oriented upwards. To the delight of the owners.
The real estate of this sector quickly became a must.
The Association Flats Oxbow was created for the management of the rehabilitation of buildings, warehouses, apartments bordering the two banks of the Cuyahoga. Since the beginning of 2005. New constructions are born and complete the choice when thinking before a real estate purchase.
Towards the end of 2010. The Cleveland Rowing Foundation takes note of taking over the management of more than 2.5 hectares of land. They were brownfields to create a public park for entertainment. Rowing, canoeing, and boating. Rivergate Park was inaugurated in 2011. At the beginning of 2012. It is the turn of the Greater Cleveland Aquarium to open its doors in place of the building responsible for producing electric power for the city’s streetcars.
The first part of the renovation of the district begins with the construction of a building of more than 20 floors composed of offices, hotel rooms, a huge gym and restaurants. The set for a budget of 275 million dollars. The little extra is a plant roof top accessible to the staff. Public transport lines have also benefited from renovations for a budget of 375 thousand dollars.
From the beginning of 2017, with the second rehabilitation programme completed, the apartments and houses have returned to their primary functions, housing the inhabitants. Restaurants, piano bars, breweries, live bars, bloom on both sides of the river, now it is good to live in the neighborhood “The Flats”