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Carter Properties bags West Bay Plaza for $41 8M as SITE Centers sheds it

Carter Properties bags West Bay Plaza for $41 8M as SITE Centers sheds it
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Outdoor and rural lifestyle retailers set area expansions

Discount outdoor apparel and activewear retailer Sierra and Tractor Supply Co. are planning new stores in, respectively, Westlake and North Olmsted.

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Largo agrees to pay $1M above assessed value for final piece of land needed to construct new City Hall

LARGO â Last year, a consultant identified the 400 block on the north side of West Bay Drive as the prime location for a new City Hall. The city, however, needed to purchase six properties in order to clear the way for its proposed $51 million headquarters. City administration had reached a deal with five of those properties by early January for $1.44 million, but there was one holdout. On Feb. 2, city commissioners agreed to pay $1.4 million â more than $1 million above market value â for the final piece of the block. The 4,320-square-foot parcel at 400 W. Bay Drive, which is owned by West Bay Plaza LLC, has an appraised value of $395,000 and was bought in 2018 for $325,000, according to records from the Property Appraiserâs Office.

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SITE Centers drives growth with a focus on convenience

This content was paid for by an advertiser and created in collaboration with Crain s Custom Content. December 12, 2020 05:00 AM SITE Centers drives growth with a focus on convenience JUDY STRINGER CONTRIBUTED PHOTO Homesense, a newer home décor discount brand owned by T.J.Maxx, picked West Bay as its first store in the Midwest. Conor Fennerty and Nicole Dautovic. SITE Centers Corp. is in the home stretch of its six-year, $38 million revival of West Bay Plaza, a 148,000-square-foot retail center perched on the north end of Westlake’s popular Crocker Park lifestyle complex. Company leaders anticipate the project will be wrapped up in the next 18 months, according to CFO Conor Fennerty. West Bay Plaza is one of SITE Centers nearly 150 shopping center properties.

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