Real Estate News

Data-rich and deep analytical information about Greater Cleveland real estate news

Police HQ to the ArtCraft Building

After a competitive request-for-proposals (RFP) process the city has selected the historic ArtCraft Building, located at 2530 Superior Avenue, as the top pick for the new Cleveland Division of Police (CDP) headquarters. The city will begin negotiations for the site with the property owner’s team led by TurnDev Development and expects to have legislation ready for city council in January 2023.

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Kalina House eyes construction in 2023

Although a proposed building in Cleveland’s Fairfax neighborhood to support individuals with traumatic injuries and their families is physically small, the need for the facility is large. To that end, the nonprofit Mark Kalina Jr. Foundation will host a Buy-A-Brick Fundraiser over the coming weeks in support of the proposed housing facility – The Kalina House. This opportunity for charity will run from Giving Tuesday on Nov. 29 until New Year’s Eve.

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The next CSU: a few insights

When Cleveland State University (CSU) formally released its downtown campus master plan to the public last week, a few things were left out. They weren’t included in the public release out of some devious intent to deceive the public. Rather, it was because CSU officials and those at the Boston-based planning firm Sasaki Associates CSU hired to develop the master plan hadn’t yet made decisions on the omitted elements.

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Cleveland to get MLS NEXT Pro team

The reserve league of top-tier Major League Soccer is expected to announce on Monday that it will expand to Cleveland as the next city to gain a professional soccer team, according to sources who spoke off the record. The announcement will be made at 1 p.m. Nov. 21 at Pins Mechanical on West 25th Street in Ohio City by Michael Murphy. He is leading the effort locally to land the MLS NEXT Pro (MLSNP) team.

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CSU releases campus master plan

At a regular meeting today of its board of trustees, Cleveland State University (CSU) unveiled a new campus master plan to capitalize on its location in Cleveland’s urban core and to guide the development of the university’s physical campus over the next decade. Details of that plan were shared with NEOtrans and other Northeast Ohio media in a press release and an illustrated presentation.

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Downtown Lakefront buildings no longer for sale

Two very visible buildings at downtown Cleveland’s North Coast Harbor that were listed for sale over the past year were just taken off the market this week by owner Cumberland Development LLC. There are several reasons why the Harbor Verandas mixed-use building and the Nuevo Modern Mexican & Tequila Bar are being retained. But one of them is because of the fate of the nearby Burke Lakefront Airport could cause the value of the site to rise in the future.

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A Christmas Story House, campus for sale

That little house on Cleveland Street is on the market just in time for the holiday season and the release of a sequel to the 1983 classic movie “A Christmas Story.” And just like another one of Ralphie’s father’s silly puzzles, “This one could be worth 50,000 bucks.” But the house isn’t on Cleveland Street, it’s not merely the house that’s for sale and the campus of seven properties is likely to fetch multiples of $50,000. Indeed, according to some real estate insiders, it could go for dozens of times more. Dare we say “A major award?”

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groundbreaking ceremony for The Lumos apartments

Hough busily breaking new ground

For anyone who has been watching real estate activity in recent years in Hough, they are probably no longer surprised that investment is growing here. But what may be surprising is that the pace of it continues to increase. And, with that, there’s growing interest by local and national investors to make sure that gentrification doesn’t take hold and push away people who need jobs within an easy walk, bike or bus ride of booming University Circle.

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Reactivating downtown Cleveland

In the late 20th century, downtown Cleveland rolled up its sidewalks after 5 p.m. Now, on some weekdays, it seems like downtown doesn’t roll out its sidewalks until after 5 p.m. That shows how much downtown has changed in the post-pandemic world from a commercial district to a residential, entertainment and tourism center.

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Cleveland police HQ site search begins anew

Officials at Cuyahoga County and now at City Hall are having difficulty deciding where to build their new venues for addressing crime. Three years ago, an effort began in earnest to find a new home for Cuyahoga County’s new jail campus and a new courthouse tower. A steering committee set up to decide that course of action has failed to settle on a site for those facilities in that time. But the city’s efforts to find a new home for its Cleveland Police Department (CPD) Headquarters has been going on for even longer and will continue for at least a few months more, following an announcement today by Mayor Justin Bibb’s administration.

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