The Fieldhouse at Studio West 117, a 25,339-square-foot entertainment complex on Hird Avenue in Lakewood, is officially headed to a receiver-ordered auction on June 25, 2026. The venue opened in 2022 and closed at the end of 2025 after mounting financial trouble, cutting short its run as a hub for sports, dining, and community programming. A court-appointed receiver is now steering the sale while the developers’ debts are sorted out.
Auction details
The auction is scheduled to start at 11 a.m. on Thursday, June 25, with on-site registration opening at 10 a.m. at 1384 Hird Avenue. The published minimum bid is $1,000,000, and the sale carries a 6% buyer's premium, according to Colliers. Open houses are set for June 4, 11, and 18, and the listing spells out bidding rules and registration steps for anyone thinking about throwing a paddle in the air.
Receivership and debt
The auction follows a receivership that began in late 2025 after lenders sued over unpaid loans. Reporting shows the developers face court judgments topping $10.7 million, and the Fieldhouse entered receivership in November. As reported by News 5 Cleveland, the Cuyahoga County Common Pleas Court agreed to appoint a receiver, and the owners announced the property would close on Dec. 28, 2025. Hoodline also covered the earlier shutdown in a piece on the venue’s LGBTQ role, titled LGBTQ community hub set to close, and public reporting noted delinquent property taxes across the developers' portfolio, per Ideastream Public Media.
What’s inside the Fieldhouse
Renovated in 2022, the complex was marketed as a destination-style mixed-use venue with plenty to show off: a full-size gymnasium, an outdoor courtyard, a rooftop bar and patio, a ground-floor restaurant, and an ancillary pizza kitchen. The Colliers listing describes the property as zoned C3, Commercial General, and suitable for high-traffic food, beverage, entertainment, and event uses. The marketing materials pitch it as flexible for re-tenanting or adaptive reuse, depending on what the next owner has in mind.
Community reaction
Patrons and employees have described the Fieldhouse as a rare identity-affirming gathering place, and some told local outlets that losing it has felt like a gut punch. News 5 Cleveland aired interviews with staff and regulars who called the space a “lifeline” and recalled programming that once packed the building. Cleveland Scene highlighted the early excitement around the project as well as later criticism of its finances and management.
What happens next
Interested bidders can walk the property during the scheduled open houses and must complete registration on auction day. Commercial listing services show the on-site auction notice and supporting documents for prospective investors. Receiver-ordered listings on sites such as PropertyShark lay out the sale timeline and provide property documents along with contact information for the receiver and listing broker.
Whether the Fieldhouse ever reopens as an inclusive community venue will come down to who buys it and how they choose to use or repurpose the space. Receivership sales can put troubled assets back into community service, but they can just as easily usher in redevelopment that reshapes a neighborhood’s character.
