This is the third edition of Seeds & Sprouts – Early intelligence on Cleveland-area real estate projects. Because these projects are very early in their process of development or just a long-range plan, a lot can and probably will change their final shape, use and outcome. After completion this summer of the $515 million Health […]
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On Monday, July 1, BlockLand Cleveland will announce that The Avenue at Tower City Center is the group’s chosen site for a hub for entrepreneurs called City Block. The hub could someday grow to be the world’s largest incubator under one roof.
Read MoreCity Block at Tower City, announcement Monday; sneak peak Read More »
To paraphrase Mark Twain, the reports of the nuCLEus development stalling were greatly short-lived. For those of us who welcome investment in downtown Cleveland, we’re grateful for the news.
Just last week, sources said all signs indicated that the $354 million project to build two 24-story towers between Prospect Avenue, Huron Road and East 4th Street had stalled. The delay apparently was the result of complications surrounding a $12 million loan from the city. It was among the final pieces of financing for the project.
Read MoreNuCLEus gets financing, possible August groundbreaking Read More »
This week I took a tour of the completed portion of the Opportunity Corridor, a project whose side mission is to change land use and turn dirt in a part of the city where the dirt hasn’t been turned in a very long time.
Read MoreSeeking opportunity in the Opportunity Corridor Read More »
Another bump in the road has stalled the massive nuCLEus development in downtown Cleveland. This time it has stalled from an impasse over a city loan, even as the project has garnered more than 95 percent of its funding and was scaled down to two-thirds of its previous size. The last piece of financing seems to be eluding the joint venture of Stark Enterprises and J-Dek Investments Ltd.
Read MoreDowntown’s nuCLEus stalls with impasse, tiny Stark equity Read More »
This is the second edition of Seeds & Sprouts – Early intelligence on Cleveland-area real estate projects. Because these projects are very early in their process of development or just a long-range plan, a lot can and probably will change their final shape, use and outcome. Nautica Entertainment LLC has secured financing and possiblya
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One number can convey a lot information. But it also leaves a number of questions unanswered.
As many longtime readers of this blog know, I’ve been closely following Sherwin-Williams’ (SHW) worsening office space situation and upcoming request for proposals (RFP) to build a new world headquarters (HQ) in the Greater Cleveland area.
Sherwin-Williams has Cleveland’s number, thankfully Read More »
Greater Clevelanders’ favorite past-time is to complain about the weather. But somewhere in their top-five of complaints is probably the attractiveness of our downtown lakefront. As I write this, several projects proposed for the lakefront are in active discussions by community leaders and appear to be competing for the same pieces of real estate.
Read MoreCleveland can energize its lakefront in 10 years. Here’s how… Read More »
Redeveloping one auto plant measuring nearly 2-million-square-foot for a single manufacturer is a pretty big deal. The redevelopment of two of them for a single manufacturer is a bigger deal. The use of them for producing game-changing automotive technologies is about as big as it gets.
Read MoreCleveland-area Ford plants redo to spark local economy Read More »
This is the first edition of Seeds & Sprouts – Early intelligence on Cleveland-area real estate projects. Because these projects are very early in their process of development or just a long-range plan, a lot can and probably will change their final shape, use and outcome. Voss Industries’ aging, multiple-structure plant on West 25th inOhio
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