(Cleveland) - Bedrock , the real estate company owned by Cavaliers owner Dan Gilbert, has announced in a news release that Tower City Center will continue to be retail, but will get a major face lift.
Plans are for the ailing shopping center to be a "hub for shopping, pop-up retail experiences, dining and entertainment." They plan a number of local, small, and minority-owned businesses. Bedrock hopes to announce new tenants in upcoming months.
Tower City Center, which opened in 1990, has been hit hard by the pandemic, as well as by general changes in shopping patterns. Many of the current tenants have closed, including the movie theater.
The press release also says Bedrock will work with an economic development group called Chain Reaction to mentor entrepreneurs who lease space at Tower City Center. It does not mention previous plans for "City Block," a hub for startups and established businesses.
Bedrock purchased Tower City Center and the retail area in 2016.
Artist's rendition of the new Tower City CenterPhoto: Courtesy Bedrock
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