The health insurer is pursuing plans to build its own headquarters in Rocky River. It confirmed it is exiting the proposed Casto of Columbus remake of the site where the onetime Lakewood Hospital had stood for decades.
Apartments, offices and retail planned for Voss site in Ohio City
Apartments, offices and retail planned for Voss site in Ohio City
Michelle Jarboe
The former Voss Industries complex, on West 25th Street in Cleveland s Ohio City neighborhood, is slated for renovations as apartments, offices and retail.
A former manufacturing complex in Cleveland s Ohio City neighborhood, only steps from the West Side Market, is being reimagined as apartments, offices and retail space.
That revival plan for the vacant Voss Industries buildings along West 25th Street is the first phase of a much larger potential project dreamed up by homegrown developer MRN Ltd. In late March, an MRN affiliate paid $7.5 million for the 4.2-acre Voss property, which includes parking lots that could become construction sites.
Record retailer closings are translating into significantly higher shopping center vacancies
Stan Bullard
Shoppers not going to the empty storefront that held a Pier One Imports store in Avon until last year means the pedestrian crossing gets less use.
As Rustom Khouri, CEO of Westlake-based real estate development company Carnegie Management & Development Corp., discusses conditions among the firm s shopping centers in 17 states, he sees the challenge as weathering the storm.
In Northeast Ohio, he owns three centers with substantial movie theaters that are not paying rent amid the pandemic and feels the company has a lot of vacancies. He s also thankful that his company kept leverage, and mortgage payments with it, low over the years.