“Aspirational” Scranton Peninsula plans show mixed-use neighborhood on Cuyahoga River
By Michelle Jarboe, The Plain Dealer | June 26, 2018 at 8:19 AM
CLEVELAND, Ohio — The owners of the western slice of Scranton Peninsula, which juts into the Cuyahoga River from the west bank, have started marketing their vision for a mixed-use, largely mid-rise neighborhood with views of downtown.
Very early, conceptual renderings posted online last week by CBRE Group, Inc., a real estate brokerage, allude to the potential for offices, housing and limited retail on roughly 14 acres flanking Carter Road. The plans also depict riverfront access and public trails the developers hope to create – if they can find the funding.
An investor-developer group led by Fred Geis, Jesse Grant and Matthew Weiner bought 25 long-barren acres on the peninsula last year from Forest City Realty Trust, Inc., a national real estate company that controlled the land for decades.
During an interview, Grant described the images as “aspirational” and stressed that the trio doesn’t have firm plans or start dates yet for projects.