The Cleveland Medical Mart & Convention Center isn’t required to generate more hotel room nights than the city’s old, outdated convention center did as it was staggering toward death just a few years ago, per the project’s operating agreement with Cuyahoga County.Hotel room nights is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

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 [...]

The Nashville medical mart has a signed five-year lease with another anchor tenant, publicly traded furniture maker Steelcase (NYSE:SCS).Nurture, the healthcare-focused brand of Grand Rapids, Michigan-based Steelcase, plans to occupy up to 4,000 square feet of space in the Nashville Medical Trade Center, which is slated for a 2013 opening, according to a report in [...]

The Chicago-based property developer behind Cleveland’s medical mart still hasn’t signed any of its 63 prospective tenants to binding leases.However, it’s a common practice to sign prospective tenants to nonbinding letters of intent (LOIs) in the early stages of projects, various industry experts told The Plain Dealer.“I think everybody is aware that we are just [...]

Going back to those innocent and optimistic days of 2009 when the three-city medical mart competition was just taking shape, one thing has always been clear: For any of the projects to succeed, the healthcare industry would have to buy into the untested medical mart concept.That is to say, the success of any medical mart [...]

The property development group behind Cleveland’s medical mart has hired a 30-year trade show and meetings industry veteran to be general manager of the Cleveland Medical Mart & Convention Center.Brian Casey’s duties will include attracting trade shows, clients and events to the medical mart and convention center, which is scheduled to open in 2013, according [...]