Industrial Commercial Properties presented its pitch to redevelop Midway Mall to the public Feb. 21 at the Midway Mall food court. This came after the Lorain County Port Authority, which purchased Midway Mall in January 2023, narrowed down redevelopment proposals to two finalists last month. The other finalist, the Center for Food Innovation, presented its […]
Industrial Commercial Properties enters winning and only bid at auction for City View Center
Michelle Jarboe/Crain s Cleveland Business
Court-appointed receiver Donald Shapiro, at right, conducts an auction for the largely vacant City View Center retail project on Thursday, Dec. 10. The only participants were representatives for the noteholder, a joint venture between Solon-based developer Industrial Commercial Properties LLC and local attorney George Simon.
A Solon-based real estate developer will take control of the failed City View Center retail project in Garfield Heights, after entering the winning and the only bid for the property.
During a brief auction Thursday morning, Dec. 10, an affiliate of Industrial Commercial Properties LLC offered $2 million for the 60-acre shopping center, which already is being repositioned as a business park.