May Company building to welcome residents and retailers as Bedrock finalizes restoration

July 30, 2020

Bedrock Taps Industry-Leading Cushman & Wakefield | CRESCO Real Estate to Lead Retail Leasing Initiatives

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  • CRESCO Real Estate will broker around 80,000 square feet of retail space on the first floor and rooftop deck

  • Bedrock now leasing 307 residential units in the development, in partnership with GEIS Residential Management

July 30, 2020 [CLEVELAND] – Bedrock’s historic restoration of the iconic May Company building in downtown Cleveland is near completion and the project is entering the next phase of development as leasing for destination retail and residential units commences.

The May boasts 80,000 square feet of available commercial space, including a range of ground floor retail floor plans and a unique 11,000 square-foot rooftop deck outfitted for food and beverage use with iconic city views.

The spaces will be brokered by Cushman & Wakefield | CRESCO Real Estate, a leader in Greater Cleveland’s commercial real estate ecosystem.

“We want to create a shopping experience that is reflective of the one many Clevelanders will remember at the original May Company store. Once again, The May will offer a gathering place for friends and family, with the added amenities of sleek living spaces and rooftop dining,” said Ken Till, Vice President, Development at Bedrock. “CRESCO Real Estate is an expert in the Cleveland commercial real estate market, and as Clevelanders themselves they have a unique understanding for the destination we are creating at The May.”

Cushman & Wakefield | CRESCO, the global commercial real estate services firm based in Cleveland, has been part of other iconic Cleveland properties including the Terminal Tower and the Metropolitan at the 9.

“We’re passionate about Cleveland, and excited to be part of The May. Bedrock’s meticulous restoration of the building makes a statement about historic renovation while energizing three distinct areas downtown: Public Square, Ontario Street, and the Gateway District,” said Nathan Kelly, President and Managing Director of Cushman & Wakefield | CRESCO. “The area needs retail and amenities that serve visitors, our growing residential base and workers. This project has it all, day and night.”

New ground floor retailers will join The May’s existing tenants, which consist of Pura Vida restaurant, Cuyahoga Community College, and Taco Bell Cantina.

Residential leasing is also now underway for The May, with 307 modern units offering extensive community and in-unit amenities. Equipped with a pet grooming station, state-of-the-art fitness center, a private yoga studio and a large makerspace, The May offers a sophisticated downtown living experience.

Bedrock has partnered with GEIS Residential Management to handle residential leasing efforts, which consists of floorplans from studios to to three bedroom units, with some lofts available. Outfitted with stainless steel appliances, residents can experience sweeping views of the city with large in-unit windows. Select units also offer expansive balconies and all residents can enjoy a remarkable rooftop terrace home to gas grills and a community firepit.

Bedrock purchased The May Company Building in 2017 and quickly commenced a full historic renovation; restoring the original frosted windows, the exterior terra cotta elements and the original May Company clock.

For more information on available retail space, visit crescorealestate.com/TheMay.

For more information on available residential space, visit TheMayCleveland.com.

 

About Bedrock

Detroit-based Bedrock is a full-service real estate firm specializing in acquiring, developing, leasing, financing and managing commercial and residential buildings. Since its founding in 2011, Bedrock and its affiliates have invested and committed more than $5.6 billion to acquiring and developing more than 100 properties, including new construction of ground up developments in downtown Detroit and Cleveland totaling more than 18 million square feet.

Bedrock’s real estate portfolio consists of 210 office tenants and 125 retailers and restaurants in Detroit’s technology-centric downtown, the majority of which are new to the market. Key office tenants include Coyote Logistics, IBM, Microsoft, Quicken Loans, LinkedIn, StockX, Universal McCann, UBS, Ally Bank’s national headquarters and Fifth Third Bank’s regional headquarters. Key retail tenants include H&M, Plum Market, The Lip Bar, 6 Salon, Lululemon, Shake Shack and countless others.

Bedrock is currently developing four transformational projects including the Hudson’s Site, Monroe Blocks, Book Tower renovation and One Campus Martius expansion. Bedrock is also undergoing construction of City Modern, a community development in Detroit’s Brush Park neighborhood. Partnering with Detroit-based Shinola, Bedrock developed the world’s first Shinola Hotel on Woodward Avenue, which opened in early 2019.

Bedrock is dedicated to creating jobs for Detroiters and investing in job training. Over the last year, the company has invested in both the Randolph & Breithaupt Career and Technical Centers to build a pipeline of talent for Detroit’s growing economy.

Creating unique experiences through real estate is Bedrock’s mission. To make this a reality, Bedrock and its affiliates continuously invest in significant public art installations and placemaking initiatives throughout the city.

For more information on Bedrock’s business model, visit the For More Than Profit book. For more information on Bedrock’s projects, visit bedrockdetroit.com or engage with us on Twitter and Facebook.

Click here to view a complete timeline of Bedrock and the Rock Family of Companies’ engagement within the Detroit community.

 

About CRESCO Real Estate

Cushman & Wakefield | CRESCO Real Estate is Greater Cleveland’s leader in commercial real estate. CRESCO is an independently owned and operated member of the Cushman & Wakefield Alliance. Their scope of services includes: the sale and lease of commercial, industrial, retail and office properties, land acquisition and development, site selection and build-to-suit, property valuation, property management, consulting services, corporate services and tenant/landlord/ buyer/seller representation. To learn more, visit http://www.crescorealestate.com. Follow @CRESCO_RE on Twitter.