$405 Million Proposal Includes Apartments, Hotel for Flats West Bank
By Elizabeth Miller
Jacobs Pavilion and the Cleveland Aquarium may be getting new neighbors in a few years. Jacobs Investments, the company that owns most of the properties on the West Bank of the Cuyahoga River, announced a $405 million dollar proposal Monday that includes more than 600 residential units, a hotel, and a 15 story office building. What might the plan mean for the Flats West Bank’s existing businesses?
The Harbor Inn on Main Avenue in Cleveland has been around for a long time - some say it’s the oldest bar in Cleveland. And although the bar and other existing buildings are absent in the architectural rendering of the proposed Nautica Waterfront District, Jacobs Vice President of Development David Grunenwald says the Harbor Inn’s legacy will remain.
"The Harbor Inn will always – it will always have a presence here. Exactly how that turns out, I’m not sure," said Grunenwald. "But I don’t see anything changing for some time to come."
Across the street from the bar, the Apartments at Nautica are shown as demolished in the rendering. Grunenwald says it will be renovated or replaced by another residential building.
This master plan is only in the first stage of what may be several years of seeking approval from the city’s planning commission and then construction.
"We expect to spend most of 2017 working on financing and drawing and permitting, and coming out of the ground in early 2018," said Grunenwald.
Jacobs first opened its Nautica Entertainment Complex on the west bank in 1986, which includes concert venues, bars, and the Nautica Queen River cruise.