Marc's Plaza Sold

Lori Allen _ · Post by **Lori Allen _** » Sun Mar 20, 2016 5:22 pm

Stan, I believe it does. This extra income from the sale is money they can use to avoid coming to us right away for a tax increase. Losing the hospital is a loss of a lot of revenue. Hopefully, we can save the hospital, if not, I fear it is just the beginning. A lot of small business owners did depend on visitors and employees from the hospital for their revenue. They leave and soon others will follow. Can you really trust any business deal that the mayor and council would do? If so, then you really have not been paying attention.

Marguerite Harkness · Post by **Marguerite Harkness** » Sun Mar 20, 2016 5:29 pm

A clarification of the parties involved in this transaction:

According to the Crain's article, Cincinnati-based Phillips Edison & Co. bought the Marc's Plaza from Lakewood Associates LLC which is Peter Rubin's company, Coral Co. which was the developer of this shopping center in 1993.

Coral's website describes Lakewood as the most densely populated city between New York City and Chicago.

Phillips Edison has been an active acquirer of Northeast Ohio properties, particularly grocery-anchored shopping centers; and is undertaking the transformation of Parmatown Mall into Shoppes of Parma, a massive open-air shopping center.

So the City of Lakewood did not own Marc's Plaza and is not the party that sold Marc's Plaza.

Corey Rossen · Post by **Corey Rossen** » Sun Mar 20, 2016 5:53 pm

Stan Austin wrote:Maybe-- the sale of Marc's Plaza has no relation to anything else. Let's just wait and see.

Stan, you are WRONG!

It is a ploy to bring back Jo Ann Fabrics. You read it here first.

Stan Austin · Post by **Stan Austin** » Mon Mar 21, 2016 2:13 am

They really did carry a good selection of polyester----there's still hope!

cameron karslake · Post by **cameron karslake** » Tue Mar 22, 2016 7:24 am

Plenty of space in that lot for an inpatient hospital! Right in the middle of town too.

jackie f taylor · Post by **jackie f taylor** » Fri Mar 25, 2016 5:03 pm

mARC'S pLAZA SOLD? Whatever development happens behind Marc's Plazza, please don't consider demolishing the beautiful " Lakewood Board of Education " building.

jackie f taylor · Post by **jackie f taylor** » Sat Apr 02, 2016 5:25 pm

The old Board of Education Building could become apartments, condo's, what a great reuse, repurpose of that historical building, like they did the West
Tech Lofts.

Marc's Plaza Sold

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