Downtown Development

Project Overview

Lakewood Common is a planned mixed-use development located on the site of the former Lakewood Hospital campus on Detroit Avenue between Bell and Marlowe Avenue. The $119 million project is led by CASTO, an Ohio-based real estate development firm, and Panzica is the construction lead.

When complete, the Downtown Lakewood Development, which includes both new construction and the renovation of the historic Curtis Block, will feature the following elements:

• Housing: 303 total units of housing, comprised of 291 new apartments units spread across three buildings, five fully renovated units in the Curtis Block, and seven townhomes on Belle Avenue.
• Parking: a total of 567 structured parking spaces, including a 536-space parking garage that will serve the development and provide additional public parking, and another 31 garage spaces in the five-story mixed-use commercial / apartment building.
• Commercial: approximately 25,000 square feet of new ground floor retail in addition to the renovation of the Curtis Block historic first floor retail space, all of which will add new energy to Lakewood’s already bustling downtown business district.
• Outdoor Community Spaces: a 17,000 square foot plaza and community space (situated between the Curtis Block and the five-story mixed-used building at Belle and Detroit) that will be used for public events and gatherings. This plaza is in addition to a similar sized new public pocket park further south in the development and a linear park along Belle Avenue.
• Urban Design: key elements of the project’s design will promote downtown vitality and walkability, including a pedestrian walkway behind the Curtis Block that connects the public community space and another new connection between Marlowe and Belle Avenues.