Maybe Cleveland’s chief rival in the medical mart competition is stronger than previously thought.The Nashville Medical Trade Center announced its biggest tenant yet, an 80,000-square foot multi-vendor showroom that will feature RFID (radio frequency identification) and RTLS (real-time locating systems) technologies in healthcare.Multiple companies associated with the RFID in Healthcare Consortium, a trade group, are [...]

The good news for backers of the Cleveland Medical Mart & Convention Center is that the top local official with the project says it has secured lease agreements with 20 tenants.“We are fully completed or close to complete with 20 leases that account for about 46,000 square feet in the medical mart, which represents about [...]

Cleveland-area taxpayers can be forgiven if they’re a little skeptical about the outlook for the medical mart project they’ve been funding.For starters, the medical mart concept (a collection of product showrooms that feature the latest in medical technology) is unproven, and it’s never really been clear that the biggest players in the market are interested.Plus, [...]

After being left for dead more than once, Nashville’s medical mart project is showing surprising resilience and signifying that it isn’t time to bring out the coffin just yet.The Nashville Medical Trade Center on Friday announced six new tenants for the project, its first such announcement since August. Perhaps more importantly, the property developer behind [...]

Nashville locals are beginning to publicly express frustration about the slow (or nonexistent) progress in recent months on the city’s medical mart project.The chief of one of the Nashville area’s largest commercial real estate firms proclaimed the project “dead in the water” when he was speaking as a panelist at a local real estate forum, [...]

Property developer MMPI has unveiled a virtual tour of the $465 million Cleveland Medical Mart & Convention Center.The video starts with an overview of the project’s downtown Cleveland campus, and also takes viewers through entry into the medical mart’s atrium and offers glimpses of the convention center’s exhibition hall, as well as the grand ballroom.Construction [...]

The property developers behind the Nashville, Tennessee medical mart say the project is still moving forward and planning on a 2014 opening.An official with the project told Nashville’s WKRN-TV that about 40 percent of the anticipated space in the Nashville Medical Trade Center was either leased or in the final stages of leasing. Project backers [...]

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 [...]