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Pesht pushes forward with deal

Marc Lefkowitz  |  05/18/10 @ 3:00pm

Developer Robert Stark cleared the first big hurdle today for his Pesht project (the working titled is based on the attractive city center in Budapest, Hungary). He signed a development agreement for three, key downtown parking lots between West Third and West Sixth streets owned by Weston Inc., a Solon-based developer controlled by the Asher family, the Plain Dealer reports.

With site control locked up, Stark heads to the International Council of Shopping Centers convention this weekend in Las Vegas. The deal will allow him to market the property to retailers there.

Pesht could transform downtown Cleveland. But, a few key questions remain. Can it be the downtown destination and lead in sustainable design practices? Will some ordinary Clevelanders be able to afford to live & shop there?

Engage in the discussion here.

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