Real Estate News

NE Ohio Real Estate News

Guardians buy land, but no ballpark village yet

An affiliate of the Cleveland Guardians baseball team has exercised one of two property acquisition options that were offered when the team extended its lease on Jan. 1 to play at Progressive Field for at least another 15 years. The property acquired is a half-acre parcel next to the ballpark and located at the southwest corner of East 9th Street and Bolivar Road.

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Megaprojects program gears up for next round

This week, the Ohio Department of Development announced that it is opening round two of its new and popular Transformational Mixed Use Development (TMUD) tax credits program on May 18. Authorized for four years with up to $100 million in tax credits available each year, the deadline for submitting TMUD applications for Fiscal Year 2023 is 4 p.m. July 8.

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Cleveland Heights, Lakewood projects win OKs

Two major development projects in Cleveland’s inner ring suburbs won thumbs up last night but in two different ways. In Lakewood, City Council gave its unanimous approval to the framework for an agreement with a Columbus-based real estate firm for a proposed $90 million development at the former downtown hospital site.

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Eden offers a rooftop garden respite

Geis Companies announced this week that it plans to open a new sky-club and lounge called Eden May 20 at The Metropolitan at The 9 hotel in downtown Cleveland. Located on the roof of the 1010 Euclid Building, the address is actually accessed through the 12th floor of The 9 complex’s 29-story tower, 2017 E. 9th St., that contains the Autograph Collection-flag hotel and the Residences at The 9 apartments.

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Downtown sites to add retail sports betting

After Ohio legalized sports betting last December, several locations in downtown Cleveland are getting ready to compete in offering sportsbook retail venues where customers can place bets on a wide variety of sporting events. And they’re doing it before the Ohio Casino Control Commission has established the ground rules for making applications for up to 40 sportsbook licenses statewide.

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Bedrock hires ‘starchitect’ for Cleveland riverfront

More evidence emerged today that the riverfront development of Tower City Center in downtown Cleveland isn’t some distant-future exercise of Bedrock Real Estate and instead is an active development project. That evidence was found in Detroit-based Bedrock hiring world renowned architect Sir David Adjaye OBE.

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High-rise planned near Edgewater Park

A local developer is proposing to build the tallest building between Ohio City and Lakewood’s Gold Coast, within a few steps of Edgewater Park. Yet, at 10 stories tall, the proposed expansion of The Shoreway apartment complex, 1200 W. 76th St., won’t threaten to scrape the sky west of Cleveland’s Battery Park.

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Another mid-sized Tremont apartment building

Seldom does a Cleveland development site offer such a remote, wooded lot and yet have so many urban amenities nearby. The features of that site, including it being next to a revived Clark Field, are why it is reportedly attracting a mid-size apartment building.

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