THE BIRTH OF A DREAM
The late Bert L. Wolstein and his wife, Iris S. Wolstein, started Developers Diversified Realty, which grew into a successful national real estate development company. They later opened Heritage Development. Bert and Iris have long been generous to Cleveland – having donated more than $40 million to local hospitals, colleges and other institutions. Mr. Wolstein worked for more than 25 years to transform the rundown Flats East Bank into a first-class, vibrant, accessible riverfront. After he passed, Iris, along with her son Scott, executive chairman at Developers Diversified Realty, as partners in The Wolstein Group, continued to pursue Bert’s vision. In 2005, after they rigorously worked with multiple parties to assemble land and financing, Iris and Scott unveiled their ambitious plans for this landmark development and even after the project was precipitously slowed by the Great Recession, Iris remained determined to see the development occur.