Development News

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Bye, Euclid Square Mall; hello Amazon?

After 40 years, Euclid Square Mall is destined to be physically replaced by the latest thing in retailing — E-commerce. The mall, having closed Sept. 19, 2016 after years of limping along with two dozen churches as its remaining tenants, is vacated and officially condemned by the city for safety violations. Euclid Square Mall had succumbed to the changing retail market and population shifts long ago.

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The Cleveland skyscraper building-binge starts

Construction workers will begin building in August The Beacon apartment tower at Euclid Avenue and East 6th Street in downtown Cleveland. But that’s just the start. Those of us who like to see construction cranes over downtown will probably enjoy the skyline view for the next decade or so.

The reason is that the 28-story Beacon apartments by Stark Enterprises is likely to be the first of many new large buildings to rise downtown. How many is “many”? It could be as few as three or four and as numerous as 10.

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Downtown Cleveland apartment conversions may drive demand for constructing a big office tower — or two

Many older office buildings in downtown Cleveland are getting converted to apartments and other uses. So many that ALL of the vacant office space may soon be gone — and then some. So many that the time for constructing one or more major new office towers in the central business district is fast approaching.

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It’s time to stop ducking Duck Island

If it looks like a big real estate development and sounds like a big real estate development, it probably will be a big real estate development.
That’s what a spate of real estate transactions in recent months suggest for an urban enclave close to downtown that’s neither an island or named after ducks. (Some claim it’s named for criminals who used to duck and hide here from the law).

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