The Cleveland Medical Mart & Convention Center isn’t required to generate more hotel room nights than the city’s old, outdated convention center did as it was staggering toward death just a few years ago, per the project’s operating agreement with Cuyahoga County.Hotel room nights is an important metric for the medical mart and convention center [...]

Cleveland Medical Mart & Convention Center property developer MMPI must hit several minimum performance benchmarks as part of its agreement with Cuyahoga County to continue operating the facility once it opens.Those benchmarks pertain to the number of events, attendees, hotel room nights and occupancy of the medical mart, which is conceived as a collection of [...]

The property developer behind the Cleveland medical mart has publicly identified 36 companies it considers “top-tier” prospects to lease showroom space in the mart.The candidates were listed as part of a presentation on the project’s status by the president of the Chicago-based property developer, MMPI, to the Cuyahoga County Council.“The biggest challenge in attracting the [...]

The property developer behind the Cleveland medical mart says it has secured leases with two tenants, but declined to identify them.That was the highlight of a largely uneventful business plan update presentation to the Cuyahoga County Council from Mark Falanga, president of Chicago-based MMPI, which is developing the Cleveland Medical Mart & Convention Center.Council members [...]

A Nov. 9 meeting of the Cuyahoga County Council will give MMPI, the property developer behind Cleveland’s medical mart project, its first opportunity in several months to give a public update on the project’s business plan.It’ll also provide an opportunity for council members to subject officials with Chicago-based MMPI to some much-needed scrutiny. Confusion over [...]

The property developers behind Nashville’s medical mart have finally publicly admitted what’s been obvious for awhile — the project isn’t going to hit its slated opening date of 2013.The CEO of property developer Market Center Management said construction wouldn’t begin this year on the Nashville Medical Trade Center, as originally projected, meaning the project won’t [...]

Stung in recent weeks by back-and-forth talk of a changing business focus and free space giveaways, the property developer behind the Cleveland Medical Mart & Convention Center project now has a new oversight panel.Cuyahoga County Executive Ed FitzGerald appointed the panel to “ensure the best possible outcome” for the project, which may or may not [...]

A rendering of the Cleveland medical martMMPI’s got some explaining to do.The Chicago-based property developer behind the Cleveland Medical Mart & Convention Center may or may not be changing its strategy on the project, and that (possibly) new strategy may or may not bring to the city the long-promised 300,000 visitors per year that the [...]

There are solid reasons to doubt the long-term viability of the Cleveland medical mart — or any medical mart, for that matter — but the fact that its developers are giving away free space to educational institutions isn’t one of them.MMPI, the Chicago-based property developer behind the Cleveland medical mart, has offered rent-free space to [...]

Nashville’s medical mart has secured a commitment from Nashville-based clinical services provider SpecialtyCare to lease 8,500 square feet.SpecialtyCare, which has signed a lease for the space, marks the fifth tenant signed by the Nashville Medical Trade Center, with those leases set to cover about 70,000 square feet, a spokesman said.The property developers behind Nashville’s project [...]