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Avison Young Markets Land Near Lake Erie for Mixed-Use Development
Avison Young has been retained by Avon Lake Environmental Redevelopment Group, LLC (ALERG) to sell 43.23 acres of lakefront land at 33570 Lake Road in Avon Lake, Ohio. As part of the larger Avon Lake Power Plant and Redevelopment initiative, the land will be available for mixed-use development to activate the Lake Erie shoreline following the major environmental remediation project.
Representing ALERG is Don Lydon, based in Avison Young’s Cleveland office, and Richard Shields and Judson Martin of Avison Young’s Chicago office. In 2022, ALERG acquired the former plant and, in conjunction with the city of Avon Lake, created a plan for the redevelopment of the lakefront.
“The Avon Lake project goes beyond the scope of a traditional real estate development in its impact on the local community and alignment with national objectives and with favorable interest rates, we think this is the optimal launch point for new owners to join the effort,” said Lydon.
