Local Developer To Invest Millions In Redevelopment Of Aged Lakewood Plaza

Lakewood Plaza new design concept

Levey & Company, an Akron-based commercial real estate developer, will spend millions to completely renovate Lakewood Plaza. Levey and Company purchased the real estate with the goal of revitalizing and rebranding the center, located at Detroit and Mars Avenue in Lakewood.

The plans for the complete revitalization and ground breaking will begin this spring and will conclude at the end of summer.

The new design concept for Lakewood Plaza was held recently during a ceremony hosted by Lakewood Mayor Michael Summers and Lawrence Levey, founder and principal of Levey & Company. “We are very happy to be afforded the opportunity to work with city officials on the complete transformation of Lakewood Plaza...," said Levey. “Our plans are to take this seventies style shopping center, and give it a new vision for destination shopping in Lakewood for the future.”

Drug Mart will anchor one side of the 47,228 square foot center. A mix of retailers have already signed on to include Dots, Radio Shack and Quaker Steak & Lube. A minimum of 2,080 to a mixed total of 9,693 square feet is currently available for lease. “We will have quick success leasing this active, vibrant shopping plaza”…said Christopher McFarland, Vice President of Leasing & Site Acquisition for Levey & Company. For leasing information contact Levey and Company at www.leveycompany.com or call Chris McFarland at 330-253-6958.

Levey and Company has specialized in the development, leasing, management and acquisition of commercial real estate since the early 70’s. Larry Levey is a majority owner or joint venture partner in a commercial portfolio of more than 3,900,000 square feet.