CLEVELAND | Weston | 360 FT & 250 FT x3 | 30+ FLOORS & 20+ FLOORS x3

[MayDay]

Weston Inc. and Citymark Capital have unveiled plans for a 3 million-square-foot mixed-use development in Cleveland. The five-acre area is currently occupied by parking lots that will be converted into luxury apartments, retail facilities, restaurants and green spaces. The development will include 1,200 residential units with a rooftop bar, deck and pool; approximately 100,000 square feet of retail space; green spaces and covered garage parking.

The project will be built in four phases. Phase I will include 352 units, 22,000 square feet of retail and 390 parking spots. Developers hope to break ground on Phase I in the spring of 2016. The first phase is slated for completion in the summer of 2017.

More at:
http://rebusinessonline.com/weston-c...-in-cleveland/

Renderings (Phase 1 is the block closest to the bottom of the image):

[Busy Bee]

Looks great.

[Steely Dan]

nice!

[Urbannizer]

Weston plan is belatedly picking up pace

Weston Inc., the realty developer that floated plans for a community of apartment buildings on a sea of parking lots near Cleveland’s Public Square, is continuing to buy portions of the block it did not already control.

Cuyahoga County land records show Weston on May 20 paid local ownership group FAI Inc. $3.6 million for a parking lot at 405 St. Clair Ave. which is almost an acre in size.

In another transaction, through 1400 W. Third St. LLC, which lists in state incorporation documents to the Warrensville Heights address of Weston’s corporate headquarters, Weston gained control of another parking lot at the northeast corner of Frankfort Avenue and West Third Street from the Elise Kirschenbaum Trust on March 8.

That transfer does not show a purchase price. The nearly one-acre parcel is also operated as a parking lot.

The two acquisitions square off the eastern end of the block needed for a 23-story complex proposed last fall by Weston and Citymark Capital Development Co. of Cleveland. The structure would be the first in a master plan for development of the block, including parking lots that Weston has owned for a decade south of Frankfort.

[spidey7312]

Good to see more progress.