Pinecrest, Orange Village, Ohio
The return of LeBron James and much-anticipated Republican National Convention are not the only good news items about Cleveland, Ohio, and the entire northeast part of the State, home to over 4 million people.
With an unparalleled collection of cultural destinations in the Midwest (Playhouse Square live theater collection – the largest outside NYC), Cleveland Orchestra, Cleveland Museum of Art, Rock and Roll Hall of Fame, and a new aquarium, national sports teams, world-class hospitals (Cleveland Clinic among others), and a growing list of national-caliber restaurants, this 18-county region is the 12th biggest economy in the nation at $170 billion annually and has seen $19 billion in new development in the last five years, including the new Global Center for Health Innovation along with the new Cleveland Convention Center.
Only 25 minutes from downtown Cleveland on the east side of the metro is a collection of successful upscale shopping centers (combined at 1.8 million sq. ft.) to which will be added the 440,000 sq.-ft. retail portion of the Pinecrest mixed-use development, at Interstate 271 and Harvard Road, as a jewel that not only accesses Ohio’s wealthiest residential customers, but a thriving office market that is second in size only to downtown, and medical, hotel, food and other services that are expanding at this interchange. The project opens in 2016.
Pinecrest will bring an upscale cinema with wide, plush seating; food and drink at the seat; and a roster of foreign, independent, and cultural films and simulcasts along with commercial films. A new boutique hotel will take advantage of the stores and restaurants within a short walk. Office space will be available in the first phase and condos in the second. Architecture reflects a rustic mountain and prairie aesthetic, and a Town Center will provide a gathering place for events and for the village itself.
Most of the tenants at Pinecrest will be making their regional debut in northeast Ohio (Cleveland, Akron, Canton, Youngstown, etc.). They are responding positively to the combination of an established upscale market with a new retail venue that has the best access, freeway visibility, and parking scheme for such a venue in all of northeast Ohio.