New Office Park being Developed Near the Chagrin Highlands

Amid all of this bad news, last week Hemingway Development purchased the former St. Jude's Catholic Parish, from the Cleveland Catholic Dioceses for $2,000,000. Hemingway will be clearing the land to make way for a 17 acre office park, and expect to announce their first new building soon.

Amid all of the bad news in the economy, it is important to note that real estate development is still occurring. The park will be an inexpensive alternative to the Jacobs Group's Chagrin Highlands development, which is just up the street, north on Richmond Road. Asking sale prices will be in the $350,000 per acre range verus Chagrin Highlands land prices in the high $500,000 range.