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Bedrock Enterprises purchases former nuCLEus site in downtown Cleveland

Bedrock Enterprises has purchased the downtown site previously slated for the nuCLEus project from Stark Enterprises.

CLEVELAND — As it moves forward with its Cuyahoga Riverfront Master Plan, Bedrock Enterprises has purchased a significant piece of real estate.

On Friday, Bedrock announced that it has purchased the downtown Cleveland site that was previously slated for the nuCLEus project from Stark Enterprises. With the purchase of the site located at the intersection of East 4th Street, Prospect Avenue and Huron Road, Bedrock adds 3.17 acres to its downtown portfolio with the following locations:

  • 611 Huron Road: seven-story parking deck
  • 612 Prospect Avenue: two-story retail building
  • 522 Prospect: surface lot

In a release announcing the purchase, Bedrock said that the new site complements its recently announced Cuyahoga Riverfront Master Plan, which comes in partnership with the city of Cleveland and world-renowned architect David Adjaye.

“Stark Enterprises quite rightly identified the former nuCLEus site as an ideal location for a high-impact development and a true catalyst opportunity in downtown Cleveland,” Kofi Bonner, chief executive officer at Bedrock, said in a release. “The site has significant potential to better tie the downtown area together and provide essential features and world-class amenities to enhance the community, bringing us one step closer to realizing a 15-minute neighborhood and an 18-hour city.”

Added Ezra Stark, chief executive officer at Stark Enterprises: “As we pass the baton to Bedrock, we’re confident that they will build and improve upon our original vision to create a dynamic, impactful development on the site. It was a tough decision to sell, but as a Cleveland born and bred company with a passion for the city and its people, we truly believe it’s what is best for downtown. We will continue to bring that same passion to our existing properties, as well as at our ongoing and future developments.”

Bedrock said that it while it is still determining the ideal purpose and applications for the former nuCLEus site, initial considerations include "a mix of uses to enhance accessibility and equity, while also providing neighborhood essentials and entertainment features."

The financial terms of the deal were not disclosed.

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