DECEMBER 16, 2024
New Flats venue eyes May opening
A rendering shows the proposed domed stadium and entertainment district in Brook Park. | HKS
Live events company AEG Presents is optimistic for the Cleveland market By Jeremy Nobile
Browns’ developer talks stadium and retail details Lincoln Property Co. to work with HKS to design and build the sprawling Brook Park development By Kim Palmer
In another major step toward the team’s departure from downtown, Cleveland Browns owners on Tuesday, Dec. 10, announced Lincoln Property Co. will act as the master developer for the proposed domed stadium and mixed-use entertainment district in Brook Park.
The Dallas-based developer and real estate firm is working with architecture firm HKS, also based in Texas, to design and build out the 67,000-seat enclosed stadium and multiple phases of retail, apartment, hotel, parking and office space. The football team's owners, the Haslam Sports Group (HSG), also released new renderings for the $2.4 billion enclosed stadium and a privately
funded entertainment district with a price tag of upwards of $1 billion. The more than 1 million-square-foot, multiphase project will begin with an initial phase which includes two hotels with 450 hotel rooms, 575 apartments and more than 230,000 square feet of retail, according to HSG. See BROWNS on Page 7
AEG Presents’ optimism for the Cleveland market is on full display with the Globe Iron, the company’s new concert and events venue under development at the West Bank of the Flats. Plans for the Globe Iron — located in a mid-1800s building at 2325 Elm St. — came to light in summer 2023. In a partnership with property owner Jacobs Entertainment Inc., AEG has been busy since then completing some $5.5 million in renovations at the space, which is leaning into its industrial vibe. The long-empty building, last used as a nightclub, was originally a foundry and then a shipyard. “This will be one-of-a-kind,” said Justin Miller, vice president of operations for AEG Presents Great Lakes and PromoWest Productions, while surveying the still-raw space. “We’ll be featuring a lot of things that the building has been over the years,” he said. “You’ll be getting a sense of history when you come in for a show."
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The fastest-growing companies in Cleveland This list spotlights Northeast Ohio companies that saw significant revenue growth from 2018 to 2023. PAGE 10 VOL. 45, NO. 46 l COPYRIGHT 2024 CRAIN COMMUNICATIONS INC. l ALL RIGHTS RESERVED
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