Pinecrest

Perfectly Positioned

Vineyard Vines, other retailers sign on at Pinecrest, now opening spring 2018

ORANGE, Ohio – The developers behind the $230 million Pinecrest project, in Orange village east of Cleveland, announced a crop of new retail tenants Thursday evening, during a gathering designed to showcase construction progress at the 57.5-acre site.

Preppy clothing store Vineyard Vines headlines the list of new shops to sign on at the mixed-use development, which is now scheduled to open in spring 2018. Other newcomers on the apparel side are Vernacular, a central Ohio women's clothing and accessories retailer; and Laura of Pembroke, a Canton store that also sells home furnishings.

They'll be joined by Orangetheory Fitness, a rapidly growing workout chain; Fusian and Bibibop, two quick-service Asian-food restaurants; Allure Nail Spa, part of the Anthony Vince group of salons; and TD Ameritrade.

Pinecrest developer Fairmount Properties expects to make additional tenant announcements before the end of this year.

Details about major anchors, including outdoor retailer REI, furniture store West Elm and Whole Foods, which is moving to Orange from nearby Woodmere, trickled out before vertical construction got moving on the site at Interstate 271 and Harvard Road. After starts and stops, Fairmount and its partners, members of the DiGeronimo family, finally pushed ahead during the summer with one the largest real estate undertakings in the region.

Chris Salata, Fairmount's chief investment officer, said 70 percent of the retail space has been leased or otherwise tied up by tenants, some announced, some still unidentified. Pinecrest also will include a 145-room AC by Marriott hotel, being developed by DelMonte Hotel Group, and 150,000 square feet of offices, which have not been leased.

Salata said Fairmount is pursuing more than half a dozen potential office users who each need 8,000 to 25,000 square feet. "Now that we've gone vertical, the office community is taking interest," he said.

Leasing for 87 apartments – a handful of three-bedroom units, with the rest evenly split between one and two bedrooms – could start next spring. Structured parking, a 1-acre plaza and other public spaces will round out the site.

Additional retailers include:

  • Flip Side, a burger restaurant that is a tenant at other Fairmount projects.
  • Firebirds Wood Fired Grill.
  • Pinstripes, a restaurant with bocce and bowling.
  • City Works Eatery & Pour House.
  • Silverspot Cinema.
  • Restore Cold Pressed, a juice shop.
  • Red the Steakhouse, which is relocating from Beachwood and expanding.

Since 1998, Fairmount Properties has grown to be a well- respected industry leader across multiple real estate platforms throughout the U.S.