Gilbert's Bedrock sizes up downtown Cleveland building

Although revenues from casino gaming operations have failed to meet expectations before Jack, then known as Horseshoe Casino Cleveland, swept casino gambling into Ohio in May 2012, the operation has made parking a prized — and pricier — commodity in the area near Public Square, especially on weekdays and game days at nearby Quicken Loans Arena and Progressive Field.

Whether Bedrock, which has developed and renovated substantial properties in downtown Detroit the past few years, would pursue the most recent proposal for May to become apartments on its upper floors is unknown, but it does have lofts in its Detroit portfolio.

The potential Bedrock maneuver surfaces as the last venture targeting May Co. for 220 apartments comes to naught.

A trio of Cleveland developers — John Carney, Robert Rains and David Goldberg — had pursued a plan since 2013 to convert the May Co. building's upper floors to apartments while the Florida owner would have continued to operate the first two floors of the building as retail space. A Taco Bell is the latest addition to the building's frontage to the renovated Public Square.

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