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Archives, Business & Industry News, Community Development, Housing, Lorain Ave., Ohio City

Market Plaza slated for demolition to make way for new development

market plaza

PHOTO BY MICHAEL OAKAR
Saturday, January 19, 2019, Market Plaza, Southeast Corner of W. 25thand Lorain Avenue: The Cleveland Plain Dealer and Cleveland.com reported on January 16ththat Market Plaza shopping center has been sold for $5.85 million. According to the article by Michelle Jarboe, the shopping center was purchased by an affiliate of Harbor Bay Real Estate Advisors, a Chicago-area developer. Plans call for demolishing the current shopping center and replacing it with a mixed-use development with 260 apartments, offices, retail space, and 560 underground parking spaces. The new development is targeted to open in the spring of 2021.

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