About the 5th Street Arcades
The 5th Street Arcades are situated in the heart of downtown Cleveland, running parallel between East 4th and East 6th Streets, bound by Euclid and Prospect Avenues at each end. These century-old shopping arcades are unique architectural landmarks. The Colonial Arcade, built in 1898, and the Euclid Arcade, constructed in 1911, were connected in 2000 - when the historic Colonial Hotel, which sits atop the Colonial Arcade, was renovated and reopened as the Marriott Residence Inn.
Years ago, these historic shopping arcades served as vibrant indoor streetscapes filled with shops and activity, a welcomed escape from the brisk winter chill that accompanies a Cleveland winter. Over the years, business declined and the arcades lost their luster, struggling in recent years to maintain occupancy levels above 50%.
In 2012, Cumberland Development assumed management of these beautiful arcades, and has worked diligently to revitalize the spaces, taking the property from half empty to nearly full occupancy in just nine months and filling all of the vacant spaces with unique, local retail. This creative drive to not only champion but support local Cleveland retail has helped not only to bring life back to the vacant spaces in these historic shopping arcades, but also to the downtown Cleveland retail scene.
About Cumberland Development
To learn more about Cumberland Development, LLC, please visit www.Cumberland-Development.com