Bridgeworks is located across the Detroit-Superior Bridge from downtown Cleveland, Ohio in the vibrant Ohio City neighborhood.
Anchored by the Hilton Motto branded hotel, the mixed use project has diverse revenue streams from the hotel, F&B, apartments, office, and retail space.
Led by developers M. Panzica Development + Grammar, this transformational project has strong financial support from the City and County governments, as it delivers much needed hotel and apartment units on one of the most visible intersections in the City.
Bridgeworks is adjacent to catalytic projects such as the new downtown Sherwin Williams headquarters tower, the City-led 23 acre Irishtown Bend park, The Westside Market restoration, Huntington Convention Center, and the Intro apartments and retail development.
Feasibility study done by Newmark Knight Frank emphasizes the opportunity given the lack of a hotel in the Ohio City sub-market, and projects 72% occupancy with an ADR of $161 upon stabilization .
All construction financing is secured, with EB-5 investors replacing existing bridge financing, thus ensuring construction completion and creation of all EB-5 required jobs.
10 min walk from downtown Cleveland Public Square - 5 min walk to heart of Ohio City - 15 min drive to Cleveland-Hopkins International Airport - 5 min walk to RTA subway station.
FULLY FINANCED
All construction financing has been secured and EB-5 funds will only replace existing bridge financing. Strong government financing support from the City of Cleveland and Cuyahoga County.