Garfield Heights Ohio Shopping
In Ohio, a successful local real estate developer is preparing to take over the long-suffering City View Center. The struggling Garfield Heights shopping mall in the heart of downtown is being converted into an industrial park. For years, large parts of the shopping malls have stood empty, sparking speculation about the potential for the buildings to be used for various purposes, from retail to office space and residential development.
Facades of some of the old shops could collapse in the next three weeks, but Collova said the project was affected by delays related to the coronavirus pandemic. Documents from the Ohio Environmental Protection Agency show that ICP hopes to take over City View by the end of this month, a process that includes environmental analyses and the necessary cleanup. It is unclear how long the process will take and whether it will bring real estate transactions and foreclosures to a halt in the state, as the government - the court shutdown ordered by Ohio's courts in recent months - has restricted the court's operations.
While the Bridgeview site has potential for office and warehouse development in a busy industrial market, Craig said he's not ready to consider other alternatives. He is currently planning to attend upcoming meetings of the International Council of Shopping Centers to try to recruit a few retailers that are expanding today.
He could not say how many stores will be rebuilt or whether the store concept will remain permanent. Craig confirmed he had discussed the site with a major boxing retailer, but those talks were fruitless.
To accommodate an increase in online ordering and pickup, Donovan said a new Giant Eagle store in Garfield Heights shopping center is possible. The company's first pick-up-only store in Akron opened last week and has doubled since it opened last year, a spokesman for Giant Eagle News said. The owner of a Mich.-San Francisco-based convenience store that already controls several locations in northeastern Ohio had considered the Garfield Heights location but called for stricter conditions.
A similar conversion of retail and industry is taking place in City View, which opened in 2006 on the site of a former municipal landfill. The new business area is called Highland Park and its plans also include extending Transportation Boulevard to Rockside Road and connecting it to an existing US Post Office building. Cresco said the location with City View was attractive because of its proximity to neighboring Valley View and the city's high-quality retail and industrial development.
He said ODOT's announcement on December 1 that it was ready to advance the Transportation Avenue bridge project was encouraging because the site required improved access to the city's transit system and other amenities.
Originally, an outlet center was planned for the site, which was to be deep, because retailers were reluctant to expand because they wanted to get out of existing locations. If we get it done, we'll get it done and forget what we did, "said John D'Agostino, a real estate manager at Colliers International who oversaw the purchase of the former Wal-Mart store on the corner of North Main Street and Interstate 75.
The store can do almost anything you see, and in May 2012 the mall had more than 1,000 square meters of retail space, about half of which was open. ICP still controls the plots on the edge, including the former Sears department store, which now has four industrial tenants, and a former Wal-Mart.
A company affiliated with Solon's Industrial Commercial Properties LLC recently acquired the mortgage on City View, which was tied up in 2009 by court failure and foreclosure. The company is said to have formed a joint venture with local lawyer George Simon, who bought City View's bad debts in August 2017 at an undisclosed price. In 2009, the property was controlled by the former owner, a private equity firm with links to ICP, as a court - as receiver.
Garfield Heights Mayor Vic Collova confirmed the development company already exists but declined to give details. The newspaper reported that Cleveland is the company's next Ohio destination, with plans to open stores in Cincinnati and central Ohio. Ikea spokeswoman Latisha Bracey wrote in an email that the company had not announced plans for a store in Garfield Heights or any other city in the Cleveland area, and would not confirm whether it was considering one.
Home Depot had planned to open a store in City View, but decided to launch its own investigation after receiving inquiries from the EPA. The EPA granted final approval for the construction of the shopping center after further tests on the site. Naples said the EPA in Ohio halted construction of three buildings on City View because the developers were building in an area with mud caps.
They finally chose the hill that now houses the empty City View Center, overlooking Cleveland, where it borders Cleveland. Garfield Heights is about 2,000 feet above sea level, about the height of the Ohio State University campus, and its highest elevation is above the Garfield Heights Justice Center.