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Cleveland plans to sell unused 576-space parking lot to developer for $1.1 million

Posted at 3:45 PM, Apr 23, 2019
and last updated 2019-04-23 15:45:55-04

CLEVELAND — Cleveland City Council voted Monday to sell an unused parking lot on Brookpark Road for more than $1 million to a developer that is turning a former NASA Engineering Complex into a mixed-use property that will include apartments, hotel and office space.

The city plans to sell the 576-space parking lot for $1.1 million dollars, according to Cleveland Port Control documents.

The parking lot sits adjacent to the former 9-acre facility near the NASA Glenn Research Center. According to Cleveland officials, the facility will be converted into 96 apartments, a 59-suite hotel and a 450-seat entertainment facility, according to city documents. The site will also be home to two potential restaurants and 5,000 square-feet of office space.

The improvements are estimated to cost about $40 million, according to Cleveland officials.