According to sources, Wolstein Group CEO Scott A. Wolstein died on May 26 at the age of 69 after battling malignant cancer. His legacy as the master developer of the Flats East Bank neighborhood in downtown Cleveland, however, will live on.
When his father’s “sudden and startling” diagnosis was announced in November 2021, his son Merrick said, “This man was a crucial pillar and a fundamental part of Cleveland, the globe, and my life.”Wolstein’s challenges are described by a VeloSano rider who has known him for more than 30 years and devoted a fundraiser to cancer research in his honor.
“In October, Rosie and I held a film evening, and Scott arrived in his usual bright, lively, and knowledgeable manner. He appeared to be in excellent physical condition. He became dizzy and fell two weeks later. He went to the hospital and learned that he had metastatic melanoma with tumors in his brain, lungs, and belly, much to his astonishment. There was no forewarning, no previous notice. Boom! Cancer that is extremely aggressive…
Scott had to have emergency surgery to remove a brain tumor. Scott got Gamma Knife treatment at the Cleveland Clinic after recuperating from his original operation. Scott was able to return home with the support of physical therapy and a lot of family and friends. He returned to the hospital after about a month at home, where he has battled numerous facilities since.
The son of Bertram “Bart” and Iris Wolstein (the Wolstein Center on the Cleveland State University campus is named after them), Scott continues the family legacy, leaving a lasting and positive mark on The Land.
Wolstein has served as CEO of the Wolstein Group since 1979, a real estate industry leader in office, retail, mixed-use and multifamily development and development. His first firm was called Diversified Equities, a syndicate specializing in tax-advantaged investments.
He merged the company with his late father’s company in 1993 to form Developers Diversified Realty, a leading real estate investment trust with about 500 malls. Perhaps Scott Wolstein’s best-known business achievement is his work as the master developer of Flats East Bank, which his mother also holds a stake in. His mother Alice survived. ex-wife Jillian; and his children Harrison, Ilana, Shelby and Merrick; and his sister Cheryl Fergus.