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| The last time Cuyahoga County went through a major, open-ended real estate request for proposals process like the Consolidated Courthouse RFP, it resulted in a new county administrative office building and a mixed-use tower renovation. In this case, the county sold the tower to Geis Companies and is leasing its offices from Geis with an option to buy (Google). CLICK IMAGES TO ENLARGE. |
Cuyahoga County and its real estate consultant are getting closer to making a recommendation for a Consolidated Courthouse proposal in downtown Cleveland. NEOtrans has learned that one or more proposals were eliminated from further consideration in part because the timeline for delivering a new or renovated/expanded courthouse facility is apparently an overriding factor for county officials. In this era of high construction costs, the aphorism “time is money” couldn’t be more true.
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