$72M One Lakewood Place expected to get green light

Lakewood City Council is expected to approve a major mixed-use project for the city-owned former Lakewood Hospital site that could begin construction this summer, Cleveland.com reports. The proposed $72 million One Lakewood Place “calls for 100,000 square feet of office, 80,000 square feet of retail, 200 housing units with both lease and for-sale options, a .5-acre public plaza, parking garage and the historic renovation of the Curtis Block,” according to the article. City Council President Sam O’Leary said, “[w]e’re at the final approval stage for basically what amounts to a rezoning of the property to a planned development (PD) district designation in our code.” When completed, the project will “provide more than $1.5 million annually to the city and schools” in property and income taxes. For more, read the full article.

 

Economic Development, State Updates