Cuyahoga County plans to sell Euclid Avenue property in Cleveland's Midtown for future development

Tuesday, 14 November 2017, 09:18:57 PM. The former transportation center for the Cuyahoga County Board of Developmental Disabilities on prime property in Cleveland's Midtown is expected to be sold for $2.5 million for a future development.
CLEVELAND, Ohio - The former transportation center for the Cuyahoga County Board of Developmental Disabilities in Cleveland's Midtown is expected to be sold for $2.5 million for a future development. Legislation will be introduced at Cuyahoga County Council's meeting Tuesday to sell the 3.44 acres at 7001 Euclid Avenue to Colab Partners LLC. The company was registered with the state on Oct. 31 by Cleveland-area investor Joel Scheer. Scheer said on Monday that he couldn't discuss his plans for the site at this time. The property, which has access to Chester and Euclid avenues, is across the street from the new Dealer Tire headquarters. It is also adjacent to a proposed development that could include a hotel between East 69th and East 70th streets. Tru by Hilton hotel could open in Cleveland's Midtown, on Euclid Avenue, in early 2019 (photos) The property, technically owned by the county, was purchased and maintained as a transportation center by the developmental disabilities board with board funds, the county said in information provided with the legislation. The 62,610-square-foot building, now vacant, was built in in 1950 but renovated in 1988 and 2002, according to sales information. The board's transportation center  has been relocated.  The county, with the consent of the disabilities board, asked CBRE Inc. to market the property, which is zoned for mixed use. The disabilities board unanimously approved the sale on Oct. 26 and recommended County Council approve it....Read more
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