"Early in 1956, Porath announced plans for a $10 million project, which would include a $2 1/2 million shopping center and 700 three-bedroom homes on a 200-acre site known as Oakwood Park Development within the Lorain city limits.
"The site, which had been annexed to Lorain late in 1955 covered a four-block area south of E. 36th St. between Pearl Rd. on the west and Grove Ave. Extension (Rt. 57) on the east.
"There were the usual skeptics who said that plans for the shopping center and giant housing project wouldn't pan out.
"But Lorain area citizens were not acquainted, as were Cleveland's, with the Porath drive and determination to make dreams come true.
"Despite some obstacles, Porath's dream about a shopping center in South Lorain officially will come true Wednesday when his $3 million Oakwood Shopping Center will open to the public for the first time.
"And adjacent to the shopping center, some of the 700 three-bedroom homes dreamed about by Porath in 1956, are going up on land which Porath sold to the Ranier Corporation.
"The short, stocky and friendly Porath is the idea man for the largest shopping center ever erected within city limits.
"Porath is also credited with the idea of a unique "community showcase" as part of the Oakwood Shopping Center and a protected six-acre playground adjacent to the center, which he gave to the City of Lorain.
"Porath also initiated the construction of the Homewood Dr. Extension, which will serve as the north boundary of the shopping center. The concrete roadway runs from Pearl St. east to Grove Ave. Extension (Rt. 57)."
Lorain was very fortunate that Joseph Porath had the vision and grit for such an ambitious undertaking, and that the Lorain city administration worked with him to accomplish a goal that improved the lives of many residents. Those two critical components – a developer willing to take risks and a city willing to work with him to make it happen – are still necessary today if a city is experience any major commercial development.
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Groundbreaking ceremonies for the shopping center took place on Feb. 21, 1958. Here's the article from the Journal the next day.
A major shopping center for that part of Lorain was an idea whose time had come. The ad below, which appeared in the Journal on May 3, 1958, noted that time was running out for stores to reserve their space. Note the acorn graphic with the family of squirrels, including Oakie (with the vest) and Pearl (with the bow in her hair). While Pearl would become the official mascot for the shopping center, it was Oakie who was spotlighted in the Grand Opening ad shown at the top of this post.