Downtown Development | The City of Lakewood, Ohio

Downtown Development

Mixed-Use Development in the Heart of Lakewood


This website serves as the landing place for detailed information throughout the Downtown Development Process.  Please continue to check the website for updates.

Community Update July 14, 2022 

The Architecture Board of Review met at their regularly scheduled time to review the approved Preliminary Plan for the Downtown Development.  The presentation can be viewed here. The recorded discussion can be viewed by clicking here.

The review of the approved Preliminary Plan was deferred (continued) until the next meeting which will be held on Thursday, August 11, 2022 at 5:30pm.

Additionally, on Thursday, July, 21 2022, at 5:30pm CASTO and North Pointe Realty will be hosting a Neighborhood meeting to discuss their proposed plans for the downtown development site.  They will be sharing details about the proposed development, allowing neighbors to share their thoughts,  and answering questions. The meeting will take place at the Roundstone Insurance office, 15422 Detroit Ave.

Community Update June 30, 2022 

Last night,  Planning Commission unanimously approved the preliminary plan for the Downtown Development.  The preliminary plan includes setbacks, massing, uses, and a preliminary plat as shown in the preliminary packet.  This approval allows the CASTO/North Pointe realty development team to move on to the next step of the Planned Development process and begin design discussions with Architectural Board of Review at their meeting on July 14th.  

 

 

Community Update June 3, 2022 

Planning Commission met at their regularly scheduled time to discuss the preliminary plan for the downtown development.  The presentation can be viewed here. The recorded discussion can be viewed below. 

The preliminary approval was deferred until the next meeting which will be held WEDNESDAY, JUNE 29 at 6 PM (note change in date/time due to 4th of July holiday). 

Community Update May 18, 2022 

Last night, Planning Commission and Architectural Board of Review held a joint meeting to introduce the Downtown Development and the Planned Development process.  This was the first meeting with the Board and Commission for the several month approval process as outlined below. 

Planned Development Approval Process 

  1. Planning Commission reviews and approves plan for preliminary approval 
  2. Architectural Board of Review begins review of site plan and elevations 
  3. Planning Commission approves final development 
  4. Architectural Board of Review approves site plan, elevations and materials 
  5. City Council approves Final Planned Development 

The slides from the development team can be viewed here.  

Click here to view the recorded meeting.

 

Community Update May 3, 2022

On Monday, May 2nd, Lakewood City Council held their final Committee of the Whole meeting to discuss the proposed Downtown Development project.  At the general meeting of Lakewood City Council later that evening, City Council unanimously passed a resolution authorizing final negotiation of a development agreement with CASTO for the redevelopment of the former Lakewood Hospital site under the Term Sheet. Click here to view the signed resolution.

Watch the videos from the 5/2/22 Committee of the Whole meeting and the Lakewood City Council meeting below:

 

Community Update April 29, 2022

On Thursday, April 28th, Lakewood City Council’s Committee of the Whole met to continue their discussion regarding the proposed Downtown Development Project.  Watch the video from that meeting below.

 

Community Update April 26, 2022

On Monday, April 25th, Lakewood City Council’s Committee of the Whole met to continue the discussion regarding the proposed Downtown Development Project.

Click here to view the exhibits from the meeting.

Watch the video from that meeting below.

 

Community Update April 18, 2022

On Monday, April 18th, Lakewood City Council’s Committee of the Whole met to continue the discussion regarding the proposed Downtown Development Project.  Watch the video from that meeting below.

Community Update April 14, 2022

On Monday, April 11th, Lakewood City Council’s Committee of the Whole met to continue the discussion regarding the proposed Downtown Development Project.

Click here to view the exhibits from the meeting.

Watch the 4/11/22 Committee of the Whole meeting below.

Community Update April 5, 2022

Watch the 4/4/22 Committee of the Whole meeting to see the discussion regarding the proposed Downtown Development Project.

Click here to view the April 4th presentation to City Council regarding the Downtown Development Proposed Conceptual Plan & Term Sheet.

Community Update March 30, 2022

City of Lakewood Recommends Plan to Redevelop Former Lakewood Hospital Site
Mixed-use project will keep a rapidly-growing business in Lakewood while adding hundreds of housing units, retail space, and a public plaza

On Monday, April 4th, Mayor Meghan F. George and the City’s Planning and Development Department will present the term sheet for redevelopment of the former Lakewood Hospital site in downtown to Lakewood City Council. Key to the deal is an agreement for the rapidly-growing Roundstone Insurance to remain in Lakewood by occupying a new multi-story Class-A office building at the corner of Belle and Detroit Avenues.

“This agreement is a significant win for Lakewood on multiple levels, meeting goals that the community set out during the initial visioning process” said Mayor George of the project, which is expected to total in excess of $90 million. “Those aspirations included community and economic development priorities for public space; high quality architectural & environmental design; diverse & affordable housing; active commercial uses; and workforce growth. The elements of this agreement achieve that vision.”

Planning Director Shawn Leininger explained the key aspects of the deal reached with the development team of CASTO Communities and North Pointe Realty on a mixed-use, multi-story building that will anchor the site at the corner of Belle and Detroit, including:

  • Office: over 65,000 square foot new, class A office space will be constructed, owned, and occupied by Roundstone Insurance, which is expected to grow to well over 200 employees in the coming years;
  • Commercial: nearly 30,000 square feet of ground floor retail or restaurant tenant(s) in the anchor building that will add energy to the already bustling Downtown Lakewood business district;
  • Community Space: a 20,000 square foot plaza and community space that will be used for frequent public events and gatherings;
  • Housing: at least 200 units of mixed-income for-sale and rental housing, including affordable units to address the increasing cost of housing in Lakewood;
  • Parking: a parking garage that will serve the development and also provide additional public parking.

Leininger said that having Roundstone as the anchor in the office building allows Lakewood to maintain a growing employer that was otherwise unable to find enough space to remain in the city, and also have hundreds of workers patronizing downtown businesses. “Roundstone has been growing in our city for years, but would likely have ended up leaving Lakewood soon because there was no other location for them to continue that growth trajectory,” said Leininger, who noted that Roundstone is expected to quickly become the second highest source of private payroll taxes for the City. “The City has been working with Roundstone to investigate various options to remain in Lakewood, and having them as the anchor in this development provides a win-win situation that meets the goals for all involved.”

Roundstone, a national provider of health insurance that focuses on small and mid-sized businesses, was deeply involved in the negotiations and has agreed to terms with CASTO and North Pointe, who will develop the space that Roundstone will purchase. The first floor commercial space will be retained by the developers. CASTO is a national real estate developer based in Ohio with decades of mixed-use development and management experience, and has partnered with local real estate firm North Pointe on the project.

“We’re thrilled to expand our presence in the heart of Lakewood with a new office building,” said Mike Schroeder, CEO and Founder of Roundstone. “We’re committed to our Cleveland roots and creating jobs in Ohio and are grateful to be part of the vibrant Lakewood community. Our entire team is excited by the news and the vision for the company – pursuing our mission of Quality, Affordable Health Care for All.”

“Our partnership with the City of Lakewood for the downtown development was founded on a shared goal of community benefit for the people of Lakewood,” said Brent Sobczak, President of CASTO Communities. “We have a passion for these kind of complex, mixed-use projects, and the agreement will achieve a well-planned vision to add public space, housing, office, and vitality to Lakewood’s central business district. We are excited to get under way and look forward to being a strong corporate partner in this great city.”

“We’re working closely with the City of Lakewood and the community to create a development with a true sense of place that respects Lakewood’s character,” said Scott Simon, President of North Pointe Realty. “That includes unique public space assets for the people of Lakewood to meet and connect.”

Once adopted by Lakewood City Council, the term sheet will empower the Mayor’s Office to negotiate final terms with CASTO and North Pointe. If Council approves the terms soon, the City and CASTO expect construction work on the site could begin later this year.

Click here to view the site plan.

Click here to view the conceptual drawings.

Click here for the communication to be introduced at the Lakewood City Council on Monday, April 4th.

Click here to view the proposed resolution regarding the Downtown Development term sheet.

For more information about the City of Lakewood, please visit lakewoodoh.gov.

For more information about CASTO, please visit castoinfo.com.

For more information on Roundstone Insurance, please visit roundstoneinsurance.com.

 

Community Update August 16, 2021

Over the past 8 months, the City of Lakewood and CASTO / NPR have been working to update the 2017 proposal that was submitted in response to the City’s call for proposals to redevelop our nearly 6-acre property Downtown.  During this time the City and CASTO / NPR have been working on the following:

  • CASTO / NPR reassembled their design team, including Lakewood firm Dimit Architects.
  • City Staff worked with the CASTO / NPR team to discuss significant changes that had occurred to the site since their original proposal was created, including, among other items, the demolition of the former buildings that occupied the site, the environmental conditions that were discovered during the demolition, and the condition of the Curtis Block building.
  • With this understanding of the current site conditions, the CASTO / NPR team has been working to update their proposal.
  • The City has continued to work with the Ohio EPA on resolving the environmental conditions resulting from the former laundry facilities that occupied a portion of the property. More information on this topic can be found in the Project Resources & Background Information section or clicking here.
  • Several meetings have been held with the Downtown Development Advisory Panel to review and advise the City on updates to the proposal.
  • The City and CASTO / NPR team have been negotiating a term sheet to establish broad consensus and goals for moving forward with the project and establishment of a Development Agreement.

This brings us to today.  The next step will be advancing to City Council legislation that will authorize the negotiation of a Development Agreement and will commence the Planned Development zoning process.  It is with the introduction of these legislative items that we will move the updated CASTO / NPR proposal into the public process.  With this there will be many opportunities to review and provide input into the proposal.  Updates will be provided on this page as this process commences.

Community Update May 21, 2021

Conversations and progress on the Downtown Lakewood site continue! The city administration, with representatives from city council and the resident advisory panel, toured CASTO’s most recent Dexter project in Ohio City. We are looking forward to CASTO’s updated proposal for the Downtown Lakewood site.  More information can be found at: https://castoinfo.com/commercial/portfolio/ohio/the-dexter.

     

     

Community Update May 14, 2021

The City and the CASTO development team have been hard at work discussing a term sheet and revisiting the original proposal in light of current market and site conditions. The Downtown Development Resident Advisory Panel has been reengaged and will discuss the updates to the plan before the zoning process begins. The Planned Development rezoning process is expected to begin once a term sheet has been agreed to by the City and the Developer.

Community Update December 22, 2020

On December 21, 2020, City Council voted unanimously to permit Mayor George and the administration to enter exclusive negotiations with CASTO and North Pointe Realty, working towards building a term sheet for the downtown development project.  In 2017, CASTO and North Pointe Realty (CASTO team) were one of two teams selected as the most qualified to develop the nearly 6-acre former hospital site in the heart of Downtown Lakewood. The CASTO team presented an exceptional, well-designed mixed-use development that integrated into the fabric of the Lakewood community while creating a new anchor for Downtown.  Ultimately, another developer was selected to complete the project.  However, as a result of the decision of the City and selected developer not to proceed together with the project, the City has a unique opportunity to revisit the development proposal presented by the CASTO team.  In this regard, the CASTO team has notified the City that they remain committed to this project and are enthusiastic about restarting discussions with the community.  

The CASTO and North Point Realty team brings together two complementary developers to execute a successful mixed-use development in Downtown Lakewood.    

CASTO is an Ohio-based developer of complex, successful urban projects around the country that consistently ranks nationally as well as locally as one of the area’s best commercial real estate developers and property management companies.  Locally, CASTO is developing The Dexter, a mixed-use project on Franklin Circle in the Ohio City neighborhood. The project offers 8,660 square feet of retail and restaurant space available on the ground floor, 115 luxury residential apartments on the upper four floors and on-site parking. Additional information can be found at https://castoinfo.com/. 

 North Pointe Realty is a local full-service commercial real estate development, property management, leasing, and brokerage firm with offices in Mayfield Heights, Lakewood and Akron.  North Pointe Realty has long-standing local relationships with the Lakewood business community and brings office building expertise from the development of more than 40 projects throughout Northeast Ohio. Additional information can be found at https://www.npointe.com/. 

 The CASTO team proposal submitted during the RFQ/RFP process is a starting point for discussions.  The plan will evolve over the planned development rezoning process, which requires multiple City Council, Planning Commission and Architectural Board of Review meetings before it is finalized. Through these public meetings the community will ensure the plan is aligned with the Development Objectives and Lakewood’s Community Vision.    

Stay up to date on the project and be notified about public meetings by checking this website or signing up for email updates. 

November 11, 2020

JOINT STATEMENT REGARDING ONE LAKEWOOD PLACE

In 2018, The City of Lakewood (the “City”) and Carnegie Management and Development Corporation (“Carnegie”) entered into an agreement regarding the redevelopment of the Lakewood Hospital site.  Over the next two years, Carnegie worked diligently, and expended significant resources to listen to neighbors, engage the Lakewood community, develop a compelling vision and design for the site and attract tenants. Meanwhile, the City demolished the hospital building and worked to prepare the site for development.  Despite this progress, the City and Carnegie have determined not to proceed with the development and have resolved all outstanding issues relating to the project.

The City and Carnegie reach this mutually agreeable resolution and wish each other well.