Development News

Data-rich and deep analytical information about Greater Cleveland development news

Big-name downtown tenants are on the move

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Several major downtown Cleveland tenants are in the market for new homes and where they land could shake up the office market in the central business district. The moves come at a time when many companies are shrinking their office footprints and downtown office building owners are fighting to keep what tenants they have. Interestingly, several major tenants that are on the move are looking for larger space than what they have now.

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Surprising sites emerge for Courthouse Tower

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A few notable developers are reportedly offering several prominent, if not surprising downtown properties as options to host what will be a nearly 900,000-square-foot Cuyahoga County Courthouse Consolidation project. The square footage, not including parking which will be extra, represents specialty office space that property owners are desperately trying to fill in this post-pandemic real estate market. The sheer size of the courthouse consolidation project may create a competition that bears watching.

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City picks Watterson-Lake developer

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Following a request for proposals (RFP) process, the city of Cleveland officials selected Bridging the Gap LLC, a minority business enterprise and real estate developer from Pittsburgh, to redevelop the former Watterson-Lake School site in Cleveland’s Detroit-Shoreway neighborhood. New to the Cleveland market, Bridging the Gap has a portfolio of major renovation and new construction projects, including multi-family housing, mixed use, industrial, retail and office space. But this site is likely to be developed with affordable apartments, probably with a ground-floor retail space based on the site’s zoning.

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Breakwater Lofts opens this weekend

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A decade ago, the opening of the Breakwater Lofts apartment building on a vacant lot at 1270 W. 58th St. in Cleveland’s Gordon Square neighborhood would’ve been a much bigger story. Instead, today, it’s the latest of many new developments in the surrounding area that has more big projects in the works. It’s a sign of stabilization and maturation of the residential market in this near-west side neighborhood, just off the lake, that continues to host traditional Cleveland haunts like the Parkview Nite Club across the street.

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Browns: clock ticking on stadium deal

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Two sources, one a city of Cleveland source and the other a Cleveland Browns source, acknowledge that the clock is ticking down to a deadline that the Browns source termed as “a matter of months, certainly less than a year” for working out a deal that will keep the Browns in the city rather than turning to the suburbs for a new football stadium location. And they both acknowledge the city is offering no direct financial assistance to make major renovations to the city-owned stadium

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NEOtrans partners with Cleveland Magazine

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You’ve probably noticed this Cleveland Magazine logo and tag atop our articles in the past week. You’ll be seeing more of them. NEOtrans is excited to announce a new partnership with Cleveland Magazine, one of Greater Cleveland’s most important resources for the latest news on what’s happening around town in business, restaurants, government and from news-making people. It’s an opportunity for both organizations to tap into and share the latest news from veteran journalist and NEOtrans founder Ken Prendergast.

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University Circle apartments planned

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Although still very early on in the development process, a Greater Cleveland real estate partnership is considering building a 24-unit multi-family development in Cleveland’s University Circle and has a target date of next August for breaking ground on it. The potential development site is across East 118th Street from Case Western Reserve University’s Nobby Ballpark and next to the old East Cleveland Township Cemetery.

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Apartments-over-library gets funding boost

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Delayed for more than a year, the proposed Karam Senior Living apartments over a new Walz Library branch at Detroit Avenue and West 80th Street in Cleveland’s Detroit-Shoreway neighborhood, just received the first of two funding boosts to address rising construction costs. While this funding, $2 million in American Rescue Plan Act (ARPA) funds awarded by the city of Cleveland, will close half of the funding gap for the residential portion, the remainder is still being finalized by Cuyahoga County. But it’s apparently enough to re-bid the project this fall to see what the construction numbers look like, officials said.

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Seeds & Sprouts 32 – Glenville library turns page, Cliff Hangers to Clifton, Microcosm Publishing expands, PB Express’ Big Creek container yard

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See the Glenville Branch library’s renovation plans, along with the proposed Cliff Hangers restaurant-bar on Clifton Boulevard. Meanwhile, Microcosm Publishing is expanding in Cleveland’s Lee-Miles neighborhood and PB Express trucking is planning a new shipping container terminal along the Big Creek in Old Brooklyn.

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Seeds & Sprouts 32 – Glenville library turns page, Cliff Hangers to Clifton, Microcosm Publishing expands, PB Express’ Big Creek container yard Read More »

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