The Ohio & Indiana Chapter of the Volunteers of America selected CenterMark to serve as its Owner’s Representative to develop a multifamily project dedicated to female Veterans.  The project is located in Cleveland’s hottest markets, Ward 9, which includes University Circle, Circle North, and Glenville.  The project breaks ground in March 2020.

The community development corporation arm of the MetroHealth hospital system selected CenterMark to redevelop a prominent commercial building in another of Cleveland’s top neighborhoods, Ohio City.  Serving as the non-profit’s ‘Fee Developer,’ CenterMark is overseeing the conversion of the building for a dental practice to serve the area residents.

CenterMark continued to serve Dollar Tree as its ‘Preferred Developer’ in Northeast Ohio and will be announcing new ground-breakings early in 2020.  Centermark has served as the company’s developer of choice in the region since 2012.

Finally, in partnership with Chatham Communities, CenterMark secured a prominent extended-stay hotel to anchor its Front & Main, mixed-use commercial project in the west-side Cleveland suburb of Berea.  The 11-acre project is located within a mile of Cleveland Hopkins International Airport and is aimed at serving the local institutions including the Cleveland Browns and Baldwin Wallace University, area businesses, and residents of this strong bedroom community.  The partnership was selected by the City over several competing development teams.

2020 is proving to be an other brisk year!

http://realestate.cleveland.com/realestate-news/2018/05/six_cleveland_projects_win_fed.html

https://www.instagram.com/centermarkdev/

JOBS | 32 FULL TIME EQUIVALENT | 29 EMPLOYEES FROM CLEVELAND | 30 MINORITY EMPLOYEES | 22 FEMALE EMPLOYEES

CenterMark Development is pleased to announce the opening of Checker’s Drive-In Restaurants, Inc. (dba Rally’s) at Garrett Square in Cleveland.  Rally’s is prominently located at the entrance to the shopping center and adds a restaurant component to the grocery, apparel, banking, and auto parts tenant mix.  Garrett Square was a vacant 65,000 SF ‘big box’ store when CenterMark acquired it in 2011.  It was re-born in 2012 and now features a range of well-known national tenants.

See the Rally’s transformation photos http://centermarkdev.com/project/rallys-at-garrett-square-cleveland/

By Stephanie Warsmith
Beacon Journal staff writer

 A new Family Dollar is being built on Vernon Odom Boulevard in West Akron.

And, a Dollar Tree is now also planned for this busy street.

Together, the two stores represent the first major retail development on Vernon Odom Boulevard since 1968 when riots rampaged this part of the city, said Planning Director Marco Sommerville.

“It took us all this time,” Sommerville said, pointing to the many other improvements made to the Edgewood area of Vernon Odom, including widening the street, a new library and the new combined Akron Urban League and Helen Arnold Community Learning Center.

Akron City Council approved plans Monday for the Dollar Tree, which will be built at the corner of Vernon Odom and Moon Street, across from the Vernon Odom library branch.

“The community is really excited about this Dollar Tree coming to this corner,” said Councilwoman Margo Sommerville, who took over Marco Sommerville’s council seat when he became planning director.

A new Family Dollar is under construction at Vernon Odom Boulevard and Raymond Street.

The Dollar Tree corporation recently bought Family Dollar.

Akron Metropolitan Housing Authority is selling the vacant property for the Dollar Tree to the city of Akron, which is then selling it to CenterMark Development, a Cleveland-based developer, for the same amount. The city is involved in the sale only because Tax-Increment Financing (TIF) will be used on the property.

A TIF freezes the value of the land before any improvements are made, and taxes are paid as if the land hadn’t been developed, with the extra money going to the project.

In this case, the TIF will go to the city and will be used for public improvements to the property, including to the street and driveway and water and sewer lines. The TIF is expected to raise about $250,000 over 30 years, said Brad Beckert, Akron’s economic development engineering manager.

Mark Jablonski, president of CenterMark, said the Dollar Tree on Vernon Odom will be similar in design to the Dollar Tree that recently opened at 1038 E. Tallmadge Ave. in Akron in front of the Job Center.

Jablonski said the 10,000-square-foot store is expected to be built in less than a year, with an opening slated for December or January. The store will employ 15 people.

CenterMark Development is honored to be named one of the 4 finalists chosen for Developer of the Year.

Nomination Brief:

• Mark Jablonski, CenterMark Development - With a focus on the Garrett Square neighborhood, Mark Jablonski redeveloped the former TOPS Store at Lakeview and Superior and made it a neighborhood asset, bringing in new retail that employs local residents. He also acquired several neighboring abandoned and foreclosed properties, adding to the site and helping to establish the corner as a neighborhood center.