The City of Cleveland announced that it has selected Dick Pace of Cumberland Development
along with national developer Trammel Crow
to redevelop the city's lakefront. Their proposal would erect 250 apartments, 80,000 square feet of office space and 30-40,000 square feet of retail in Phase I, which clusters around North Coast Habor. Phase II would add 750 apartments north of Browns Stadium.
At the heart of the proposal is something the city sorely lacks: a truly mixed-use neighborhood along the lakefront, complete with amenities for residents and visitors, with opportunities for people to live, work and play on Lake Erie.
"I started on the waterfront 30 years ago," says Pace, an architect and developer who designed what was then called the "inner harbor," so it's fitting that at this point in his career he'd work on the next phase of lakefront development. Pace has also developed property on the HealthTech Corridor
and the 5th Street Arcades
Perhaps the most unusual feature of Pace's development is his plan to create a school. He believes that creating a high-quality downtown school is essential to furthering the growth of the area and attracting families. No decision has been made about whether it would be a district or charter school, but it will be geared to the neighborhood. Just imagine kids walking to school on East 9th Street.
"This is all part of creating a neighborhood," he says. "It will give us a market that's untapped in the city of Cleveland -- the city has lost a lot of young families."
The lakefront development is also closely linked with plans to better connect the lakefront with the rest of downtown. The City of Cleveland is planning to build a pedestrian bridge from the mall to North Coast Harbor, and residents and visitors that use it would find themselves right in the midst of new shops and amenities.
Pace originally planned about 80,000 square feet of office space with smaller, 5,000-10,000 square foot users in mind, but he's already been contacted by a few bigger players. He says that the city could end up with a few bigger companies, including some that are currently located in the suburbs, along the lakefront.
The apartments will be market-rate, with higher prices for premier units on the waterfront or on upper floors. However, Pace hopes that some units will be affordable enough that teachers at the school can afford to live here.
The retail is the most defined piece of the project. Just like harbor districts in other cities, Cleveland could soon have a seasonal concession vendor, kayak rental facility and waterfront seafood restaurant. There would also be an indoor retail area linked to the pedestrian bridge, Science Center and Rock Hall, allowing people to hop between amenities without going outdoors on a winter day.
Pace says the complex project, which will be built without public subsidy, should start in 2015 and wrap up 5-7 years later. Phase I would open much sooner -- Clevelanders could start enjoying these lakefront amenities by 2018.
Next steps include negotiating a land lease with the city, refining conceptual architectural plans, holding community meetings, and pursuing financing. These are Herculean tasks, to be sure, but Pace says this long-awaited project will happen.
"This is a great time," he says. "The finanicng is starting to become available, and there's momentum for downtown housing. This piece of property has always been premier, and now is the time when the pieces are starting to come together."
Source: Dick Pace
Writer: Lee Chilcote