Cumberland Development, LLC
Adding value to underperforming properties in Northeast Ohio.
We add value through creative design solutions, taking advantage of sustainable design and green technologies.
We create economic benefits for the company and the property users as well as the community as a whole.
Downtown Cleveland Lakefront Development
June 11, 2016
In 2014, Mayor Jackson selected Cumberland Development, LLC to be the developer of the North Coast Harbor.
The development includes Nuevo Modern Mexican & Tequila Bar, a restaurant on Voinovich Park, and Harbor Verandas, a mixed-use building with retail, office and luxury residences next to the Rock & Roll Hall of Fame. The project site also includes amenities like sand volleyball courts, bocce ball courts as well as adding trees and improved landscaping.
5th Street Arcades
January 01, 2012
The 5th Street Arcades are comprised of the Colonial Arcade (1898) and the Euclid Arcade (1911), which run parallel along East 4th and East 6th Streets and are bound by Euclid and Prospect Avenues at each end. In 1898, the Colonial Arcade opened alongside the Colonial Hotel, connecting the hotel to Euclid Avenue with a shopping arcade. The Euclid Arcade followed in 1911 and, in 2000, both arcades were connected as part of a multi-million dollar project that also included the reopening of the hotel as a Marriott Residence Inn.
In 2012, Cumberland Development assumed management of the retail portions of these historic shopping arcades, and has since taken the property from half empty to nearly full occupancy over a span of just nine months. Last Spring, Cumberland partnered with the City of Cleveland, the Downtown Cleveland Alliance and Charter One Bank to facilitate a Retail Development Grant Competition in support of Cleveland’s young entrepreneurs and their startup retail businesses. Cumberland’s creative approach, centered on repositioning the facilities to create a uniquely Cleveland shopping experience for the downtown market, has resulted in what is now a lively shopping destination buzzing with pedestrian traffic.
Baker Electric Building
June 11, 2006
From the very start, Baker Electric Building was a place of innovation. In 1910, architect Frank B. Meade designed the Baker Electric Motor Car Building for Walter C. Baker, a pioneer of electric cars, as his first car showroom. The building is listed on the National Register for Historic Places as a historic and architectural landmark. The building is also being redeveloped utilizing green and sustainable design practices and is applying for LEED Silver Certification.
A century later, Northeast Ohio faces a shortage of incubator and post-incubator space for technology companies. The historic redevelopment of the Baker Electric Building addresses this need by providing 52,000 square feet of office and wet and dry lab space for emerging local companies.
Current tenants include Bunge BiPHOR, an innovator in pigments and coatings, Volcano Corporation, developing intravascular ultrasound technology in association with the Cleveland Clinic and Diagnostic Hybrids, Inc. who research and develop molecular diagnostic kits. Other tenants include iNetworks, a venture capital group from Pittsburgh and Cumberland Development, LLC, a real estate developer.
The project is working toward the creation of over 100 new high tech jobs in inner-city Cleveland. As these tenants continue to grow, it's anticipated that they will contribute substantially more employment and tax revenues to Cleveland's economy.
A real estate partnership of Cumberland Development, LLC, New Era Builders and Ariel Ventures bought the building in June of 2006 and immediately began renovation. In May of 2007 Bunge and Volcano moved in as the first tenants.
The $7.1 million project was made possible with the support of NDC's New Markets Tax Credits Program and $1 million from Cuyahoga County's Brownfield Redevelopment Fund.