Downtown Lakefront buildings no longer for sale

At North Coast Harbor, Harbor Verandas in the foreground and Nuevo
Modern Mexican & Tequila Bar in the background are no longer on the
market. Owner Cumberland Development wants to retain them due to
their profitability and reassess after the real estate market improves,
including when the fate of nearby Burke Lakefront Airport is
decided (KJP). CLICK IMAGES TO ENLARGE THEM

Two very visible buildings at downtown Cleveland’s North Coast Harbor that were listed for sale over the past year were just taken off the market this week by owner Cumberland Development LLC. There are several reasons why the Harbor Verandas mixed-use building and the Nuevo Modern Mexican & Tequila Bar are being retained. But one of them is because of the fate of the nearby Burke Lakefront Airport could cause the value of the site to rise in the future.

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