Stark has new buyer for downtown site

Stark Enterprises reportedly has a new buyer for the nearly 3 acres of land
on which it publicly sought to build the high-rise, mixed-use development
called nuCLEus. Considering the likely high sale price, the buyer is some-
one with deep pockets who will want to develop the site quickly with
large buildings to recoup its big investment (Stark).
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If it’s December, then there’s a new buyer emerging for the so-called “nuCLEus” properties owned by Cleveland-based Stark Enterprises. But there’s a few differences with the potential sale of downtown land in the Gateway District compared to last year’s deal that fell through. Perhaps the most significant difference this time is that Stark’s CEO isn’t denying it.

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