In early 2014, the City of Cleveland selected Pace as the developer for the Cleveland Lakefront project. In June 2014, Cleveland City Council approved plans for the $700 million development that will be built over three phases. The project, a joint venture between Cumberland Development and Trammell Crow Company of Dallas, is situated on 20+ acres north of the Cleveland Browns’ stadium and Rock and Roll Hall of Fame and
Museum, and will include a school, a boutique hotel, restaurants, office space and apartments.
Meridian Hospitality Group, LLC was invited to submit a design, build and operational plans to the joint venture of Trammell Crow Company and Cumberland Development, LLC. A presentation was given to Cumberland’s CEO, Richard Pace who, as a consequence of the presentation, committed to taking the boutique hotel forward to Trammel Crow with the prospect of the venture being awarded additional development space.
July 2017: First Build – Mexican restaurant
Cleveland-based Cumberland builds first building will be occupied by a Mexican restaurant called Nuevo, opened in time to host events during the Republican National Convention in July 2017.
January 2018: Cumberland Development adjusts plans for the first apartment building
After working through structural and financial challenges posed by a downtown lakefront site, Cumberland Development aims to start construction in the spring of 2018 on its second building at North Coast Harbor. Three-story building on the site of a former skateboarding park along East Ninth Street, just north of the Rock and Roll Hall of Fame and Museum.