I think one of the most important things for the East Village will be the renovation of St. Patrick's Island itself. This is a place that is the size of Prince's Island yet is not used. It could be something really valuable to this part of town. CMLC will be launching a master plan for the Island next year.
The nice streetscape design and riverwalk are a fantastic start over there. The EV master plan by Broadway Maylan is also quite a good vision. I like the idea of it being more of a European scale mid-rise perimeter block community rather than the plethora of podium-point tower plans that seem to dominate these days.
http://www.youtube.com/watch?v=TErOyc6R5zo