First Interstate Properties purchased the former Oakwood Country Club and land in 2011, with construction commencing in 2013. The innovative, green retail concept was developed for a community that was underserved by national retailers and the surrounding neighborhoods in need of revitalization. Six years later, the final phase of construction at Oakwood Commons is nearing completion with a slate of stores expected to open in spring 2017. Goodman Real Estate Services Group represents First Interstate Properties in the leasing of retail space at Oakwood Commons.
Oakwood Commons is South Euclid’s newest and ecologically innovative 325,000 square foot retail power center. By using sustainable design, Oakwood Commons, combines educational elements, low-impact development techniques, and environmentally conscious practices in creating the first environmentally conscious retail complex in northeast Ohio. Oakwood Commons also donated 21 acres of land and $400,000 for funding of improvements to the City of South Euclid to create Oakwood Green, a nature preserve and isolated public park located behind the shopping center. Amenities of the new nature preserve include an amphitheater, nearly one mile of walking trails, native plants and bioswales, and permeable paving to manage a 5.5 acre stormwater wetland witheducational opportunities.