A next step for developer Kostas Almiroudis went forward when the Cleveland Landmarks Commission approved plans for the mixed-use Flats On Pearl. But the commission didn’t take as many steps forward as Almiroudis wanted, in requesting the demolition of four neighboring, decayed houses and a small townhouse development that would replace them.
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For real estate investor Kostas Almiroudis, rebuilding one historic building on Pearl Road in Cleveland’s Brooklyn Centre wasn’t enough of a labor of love and pain for him. Across a side street, he’s seeking to embark on an even more ambitious project — renovate another mixed-use building, build a new one and construct six townhomes behind them.
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A Masonic rehabilitation has a different meaning in Cleveland’s Brooklyn Centre neighborhood these days. At 3804 Pearl Rd., it means the renovation and repurposing of a 25,536-square-foot Brooklyn Masonic Temple into 26 apartments over two ground-floor commercial spaces bracketing the building’s terrazzo-, marble- and wood-laden lobby.
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While renovations are well underway on converting the old Brooklyn Masonic Temple into the Lofts On Pearl, Kosta Almiroudis is already planning his next move two doors down. At 3784 Pearl Rd., the founder of Almico Properties and Northern Lights Maintenance LLC plans to redevelop a strip of single-level, historic storefronts into the Flats On Pearl.
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A Lakewood real estate entrepreneur and construction contractor has acquired the vacant Brooklyn Masonic Temple, 3804 Pearl Rd., in Cleveland and plans to renovate it into a mixed-use building called the Lofts On Pearl. It remains to be seen if the project will live up to the Masonic purpose of making good men better.
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