ICP purchases former Geauga Lake and Sea World site
Industrial Commercial Properties (ICP) has acquired the 377 acre property that was the former home of Geauga Lake Amusement Park and Sea World Ohio. The property is located in Bainbridge Township, Ohio and the City of Aurora, Ohio. The property will be rebranded as The Geauga Lake District, with elements of design that will pay homage to the history of the site and the former amusement park, which operated from 1887-2007.
The Geauga Lake District promises to be a master planned development that will include retail, restaurants, residential and other commercial uses. A cohesive and curated design will showcase uniform lighting, landscaping, public improvements and streetscape, including the construction of a new Geauga Lake Boulevard, which will connect State Route 43 to Depot Road and will feature a roller coaster design feature in the median.
“We are reigniting this iconic landmark,” said Chris Semarjian, owner of ICP. “The redevelopment of this site will not only create a fully functioning district where people can live, work, dine and recreate, but it will also have a broader impact on economic development and job creation for the region.”
“Many of us that grew up in Northeast Ohio have fond memories of the park, and it was important to our development team, the Trustees and the Mayor that we respect the remarkable history of the property and take great care in creating design elements like the signage, landscaping, lighting, and other public improvements at the site,” said Chris Salata, ICP’s chief operating officer. “With greater residential density planned for our property and Pulte’s project under construction in Aurora, the demand for commercial users will be strong.”