property details

Belle Oaks Marketplace

Total SF 1,800,000
621 Richmond Road, Richmond Heights, OH, USA
property details

Belle Oaks Marketplace

Total SF 1,800,000
621 Richmond Road, Richmond Heights, OH, USA
Belle Oaks Marketplace is an approximate $285 million mixed-use retail and multi-family redevelopment of the Richmond Town Square super regional mall into an approximate 1.8 million square foot live-work-play community located on a 69 acre campus in the greater Cleveland MSA comprised of 798 luxury one- and two-bedroom apartments, 159,000 square-foot Meijer Grocery Supercenter, and 58,000 square feet of daily-needs retail. The project is joined by a 160,000 square-foot, climate-controlled (self-storage) Life Storage Center. The project is being developed in three phases. 

Phase 1A - 12.22 acres 
1.   Total Units to be built: 217 Total Units (not including the 2 Leasing Center model units) 
·      Building 1:  36 units 
·      Building 2:  84 units 
·      Building 3:  97 units 
Total Square footage (excluding retail): 364,463sf 
·      Building 1:  58,038 sf (includes the square footage of the stand-alone parking garage) 
·      Building 2:  123,655 sf (includes the square footage of the stand-alone parking garage) 
·      Building 3:  178,800 sf 
·      Leasing Center:  3,970sf 
Total Retail Square footage: 17,190sf (not including Leasing Center, 3,970sf) 
·      Building 1:  8,484 sf 
·      Building 2:  8,706 sf 
·      Building 3:  0 sf. 
 
Phase 1B - 12.5346 acres 
Total Units to be built: 270 Total Units 
·      Building 4:  74 units 
·      Building 5:  42 units 
·      Building 6:  87 units 
·      Building 7:  67 units 
Total Square footage (excluding retail): 408,692sf 
·      Building 4:  109,186 sf (includes the square footage of the stand-alone parking garage) 
·      Building 5:  65,235 sf (includes the square footage of the stand-alone parking garage) 
·      Building 6:  132,096 sf (includes the square footage of the stand-alone parking garage) 
·      Building 7:  102,175 sf (includes the square footage of the stand-alone parking garage) 
Total Retail Square footage: 0 sf 
·      Building 4:  0 sf 
·      Building 5:  0 sf 
·      Building 6:  0 sf 
·      Building 7:  0 sf 
 
Phase 2 - 16 acres 
Total Units to be built:  311 Total Units 
·      Building 8:  63 units 
·      Building 9:  88 units 
·      Building 10:  56 units 
·      Building 11:  47 units 
·      Building 12:  0 units 
·      Building 14:  57 units 
1.     Total Square footage (excluding retail):  544,010 sf 
·      Building 8:  118,000 sf (includes the square footage of the below grade parking garage) 
·      Building 9:  153,890 sf (includes the square footage of the stand-alone parking garage) 
·      Building 10:  109,930 sf (includes the square footage of the below grade parking garage) 
·      Building 11:  70,950 sf 
·      Building 12: 0 sf (all square footage is retail) 
·      Building 14:  91,240 sf (includes the square footage of the stand-alone parking garage) 
2.     Total Retail Square footage:  57,875 sf 
·      Building 8:  0 sf 
·      Building 9:  10,630 sf 
·      Building 10:  23,145 sf 
·      Building 11:  4,400 sf 
·      Building 14:  9,200 sf. 
 
Phase 3 - 25 acres 
1.     Total Retail Square footage:  194,230 sf 
·      Meijers:  159,900 sf 
·      Firestone:  11,240 sf 
·      Outlot Building 15:  1,840 sf 
·      Outlot Building 16:  2,420 sf 
·      Outlot Building 17:  4,600 sf 
·      Outlot Building 18:  4,600 sf 
·      Outlot Building 19:  4,980 sf 
·      Outlot Building 20:  4,600 sf 

For more information, please visit https://belleoaksmarketplace.com/
Property Snapshot
Urban Infill Location: deeply supply constrained with no land, surrounded by affluent communities.

Multi-Phase Development:  Groundbreaking: 2Q20 • Occupancy: 4Q22 • Completion: 2023.  
  • Phase 1: consists of a 487-unit, [7 three- and four-story buildings], luxury apartment
  • Phase 2: consists of a 311-unit, [6 three- and four-story buildings], luxury apartment
  • Phase 3: 58,000 SF of entertainment/daily needs retail. 159,000 SF new grocery store.

Intrinsic Value: Flight to Quality: Thoughtfully designed “best in class” urban living concepts 

Campus Environment: 69-acre, live, work, play campus community. Walkable urban amenities.

Stunning Architecture: Belle Oaks is the “jewel on the hill”
  • Thoughtful Living: high end interior finishes and residential amenities
  • Unique Architecture: retail inspired night lighting, staggered building heights with unique facades and trims.
  • Residential streets with parking 
  • Central park and promenade to next generation retail shopping center
property DOCUMENTS

Belle Oaks Marketplace
Site Location & Documents

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