Sunday, September 24, 2023

Guardians to expand real estate holdings

The L-shaped Gateway East Garage which extends south from Huron Road
and then east along Bolivar Road to near East 9th Street will be acquired by
the Cleveland Guardians baseball team. This view looks west along Bolivar
from a parcel at left that was acquired by the Guardians last year for future
development (Google). CLICK IMAGES TO ENLARGE THEM.

The Cleveland Guardians Major League Baseball (MLB) team is exercising an option on acquiring the second of two properties that were offered to it when the team extended its lease on Jan. 1, 2022 to play at Progressive Field for at least another 15 years, a city source said. The property it will acquire this time is the huge Gateway East Garage, 650 Huron Rd. East in downtown Cleveland for $25 million and could set the stage for a full or partial demolition of the 29-year-old garage for a “ballpark village” redevelopment.

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