Early Plans for Phase 3 of Flats East Development Include a Movie Theater

The Flats East Bank development project website got a facelift recently, and with that facelift came a link to a Phase 3 for the project which hadn't been mentioned before. Phase 2, of course, is nearing completion and some of the businesses included in that portion of the development have already opened, including FWD Day and Night Club, with many more to open soon.

Phase 3, as described on the site:

With the success of Phase I and the highly anticipated Summer 2015 opening of Phase II, planning efforts are underway for an additional phase to add a movie theatre, street level retail and up to 100 additional residences. 

We reached out to Fairmount Properties this morning to see how far along Phase 3 is in the planning, and the answer was: very early. No tenants have been signed, according to a spokesman. But we should hear some news soon.

"At this time we're extraordinarily focused on Phase 2 and we'll be ready to talk more about Phase 3 in the coming weeks," said Flats East director of marketing Heidi Yanok.

See the map below for where Phase 3 would fit into the plans. (The red box in the middle.)