Beachwood developer plans $200M mixed-use redevelopment

Developer Chad Kertesz presented a $200 million proposal to Beachwood City Council’s Special Committee outlining plans for four new buildings including apartment units, office and retail space, a boutique hotel and parking both above and below ground at 3663 Park East Drive, reports. Kertesz had previously outlined a $125 million plan for the site that would have redeveloped the existing former hotel building and located all parking at surface-level. Mayor Justin Berns and City Planner George Smerigan said the new plan addressed concerns with the previous proposal, according to the article. The improved plan includes a two-story retail pavilion and a large public outdoor space that “could be used to hold programming,” as well as demolishing the existing hotel building and replacing it with new construction. For more, read the full article.


Economic Development, State Updates