Development News

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One-million-square-foot mixed-use project planned next to I-271

Cleveland-area real estate developer Cannata Companies is making a major play at a 14.5-acre site next to Interstate 271 in Warrensville Heights. Envisioned is a 1-million-square-foot, $87-million mixed-use development called SilverPoint.

According to a SilverPoint presentation, the Dodge Reports and information from a preliminary massing graphic, the development could have structures potentially rising from four to 11 stories high for apartments, hotel, offices and ground-floor retail/restaurants.

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NRP Group abandons Scranton Peninsula project

A worldwide economic downturn and a shift in market approach have forced the NRP Group to abandon its plans to develop a 330-unit apartment-townhouse complex on Scranton Peninsula, across the Cuyahoga River from downtown Cleveland.

Among major cities, Greater Cleveland has suffered more pandemic-related job losses than all but three other cities — New York, Las Vegas and Boston. And NRP Group has been shifting its focus from developing market-rate housing to affordable and workforce housing,

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Mixed-use could boost proposed downtown office tower

For six years, Stark Enterprises’ nuCLEus proposed development has always been about mixed use. But it is yet to be about construction. It could be about both if the uses were mixed in a single tower.

For its downtown Cleveland project in the Gateway District, it has proposed a mix of ground-floor retail, restaurants and entertainment topped by parking. Above that, the project has offered various layouts of offices, residential and hotel uses in several combinations — one tower, two towers and even two towers with a cantilevered bridge between them.

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Rockefeller Building sold, new chapter begins

Title to the Rockefeller Building in downtown Cleveland transferred today to a partnership that seeks to redevelop the historic edifice with housing, offices and ground-floor retail.

The 17-story building is located at 614 W. Superior Ave., across West 6th Street from the planned site of the new Sherwin-Williams headquarters. This purchase is the first what may be several spin-off investments directly resulting from the massive headquarters project.

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