One Lakewood Place


Westlake, OH (September 27, 2017) – Carnegie Management and Development Corporation today announced that it has been awarded the opportunity by the City of Lakewood, Ohio to design, build and own a transformative mixed-use development that reimagines the urban fabric of this 6.25 acre downtown Lakewood site on Detroit Avenue between Marlowe Avenue and Belle Avenue. The development has been named “One Lakewood Place.”

“This award presents a unique opportunity to honor and transform a historic location within the Lakewood community, centered around a beautiful, one-of-a-kind public square. One Lakewood Place will be a destination to live, work and play for current and future Lakewood residents, representing another step forward in the rich history of this neighborhood and this downtown area of the City,” said Dr. Rustom Khouri, President and CEO of Carnegie Management and Development Corporation.

“Our approach will be to create a project that seamlessly integrates into the streetscape of Detroit Avenue and the delicate tapestry of the surrounding neighborhood through the use of scale, massing, texture, materials and a juxtaposition of uses that can fuel an economic engine to serve a variety of resident needs. We also plan to create a new and unique destination that can be a gathering place and focal point for the entire community with anticipated uses that will include retail, office, rental housing, for-sale housing and a parking garage,” said Senior Vice President and Project Executive George J. Papandreas, Esq., RA.

One Lakewood Place will be designed and constructed in accordance with LEED principles to ensure that best practices for sustainability are incorporated throughout the project. This will include several green design features, as well as bicycle racks or bike share stations, LED lighting and an effort to minimize the use of potable water. Carnegie’s five most recently completed development projects have all achieved LEED silver certification.

“We intend to work hand-in-hand with the representatives of Lakewood and with the public at-large. Working together, we will create a project that will serve the community, show leadership in innovative and sustainable design, appeal to the walkable nature of Lakewood and include tangible elements of the existing Lakewood Hospital as a tribute to the emotions and memories that are associated with this long-standing landmark,” said Project Manager and Development Facilitator Rustom R. Khouri III.

Dr. Rustom Khouri also said, “The entire Carnegie staff and our design and construction development team eagerly looks forward to PURSUING THIS VISION and commencing work on this most intriguing and meaningful project.”

About Carnegie Management and Development Corporation

Carnegie is a Women-Owned Small Business (WOSB) builder-developer headquartered in Westlake, Ohio. Carnegie’s experience spans over 33 years providing build to suit and design-build services, having completed more than 155 development projects in 16 states for national, regional and local private sector clients, as well as several projects for local and federal government agencies. Carnegie’s projects include world class residential golf course communities, first class regional shopping centers, Class A office buildings and office building campuses, and a multitude of projects for the United States Federal Court System, General Services Administration (GSA), Department of Homeland Security (DHS), Department of Veteran Affairs (VA), Federal Bureau of Investigation (FBI), Internal Revenue Service (IRS), United States Department of Agriculture (USDA) and the Social Security Administration (SSA). The Carnegie Team has maintained a focus that is centered on collaborative thinking, sustainable design and relationship building through open and honest communication.

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27500 Detroit Rd. Westlake, OH 44145