Progressive Quietly Shops 56-Acre Woods By Mayfield HQ

Progressive Insurance is quietly testing the market for another big slice of real estate next to its Mayfield Village headquarters, putting a roughly 56-acre, heavily wooded tract at 520 Som Center Road up for sale. Tucked just off Som Center and sharing a border with Progressive’s campus, the land is one of the most visible development opportunities in the eastern suburbs. Village officials say potential buyers have kicked the tires for both industrial and residential projects, and any move to redevelop would trigger rezoning and a public review process. How that shakes out will determine who comes out ahead financially, whether it is local schools, the village itself or nearby employers.

What’s for sale

Marketing materials on CBRE describe the…..

Story continues

TRENDING NOW

LATEST LOCAL NEWS