A brief summary of the most relevant and major commercial real estate news in Greater Cleveland
A potentially massive mixed-use development at the north end of Cleveland’s vibrant Tremont neighborhood, next to the Towpath Trail and overlooking the Cuyahoga River, may be on hold for a while. Instead, if there is a hillside development here, it could be mostly commercial — at least for the foreseeable future.
Read MoreTremont hillside mixed-use vision at risk Read More »
Roughly $10.3 million in federal historic tax credits were awarded to a proposed $61.6 million redevelopment of an abandoned 19th-century riverfront flour mill in Cleveland’s Flats into a hotel and supportive uses. And up to $5 million in state historic tax credits may be added by the end of the year.
Read MoreHotel planned for historic grain mill in Flats Read More »
In 2021, Detroit-based developer Bedrock announced its plans to develop a long-neglected portion of the Cuyahoga riverfront with 35 acres of mixed-use development and green space. Phase 1A of the development involves the construction of a practice facility for the Cleveland Cavaliers in partnership with the Cleveland Clinic—here’s a current look at the progress so far.
Read MoreCavs’ practice facility marks start of riverfront transformation Read More »
One deadline has passed. Another is about to. And a third is coming up. But by the end of the year, Cleveland Mayor Justin Bibb’s administration hopes to have a much more coherent vision of Downtown Cleveland lakefront development whose private-sector investment could exceed $1 billion — with a capital B.
Read MoreHaslam-Cleveland lakefront deal delayed Read More »
Like any new large new development with multiple sources of public and private financing, Depot on Detroit is taking a long time to get rolling. But at long last, there is a light at the end of the tunnel and it isn’t a train.
Read MoreApartments arriving ‘soon’ at RTA station Read More »
Cleveland State University (CSU) today announced the renovation of two of its most historic buildings. Fenn Tower, one of the campus’s most recognizable landmarks, and Fenn Hall, home to many of CSU’s STEM-related teaching and research labs are the focus of more than $100 million of planned investment.
Read MoreCSU Fenn Tower, Hall renovations to start Read More »
For more than 75 years, there was a Chevrolet car dealership at the north end of East 185th Street, where the cities of Cleveland and Euclid meet. And for the last 17 years, there’s been stop-n-go efforts to revitalize those vacant lots with no success. But that could change with a new approach underway.
Read MoreE. 185th car dealership site reboot in works Read More »
In May 2022, NEOtrans broke the news that Timothy L. Tramble, Sr., president and CEO of the St. Luke’s Foundation, planned to build 48 housing units on East 89th Street through his firm We Rise Development LLC. This development symbolizes a broader trend of renewed investment in Fairfax, from Innovation Square to the expansion of Cleveland Clinic.
Read MoreEast 89th rises amidst Fairfax’s renaissance Read More »
With interior demolition work wrapping up, the Erieview Tower redevelopment team is now getting ready to update the building’s life safety infrastructure and convert the tower’s midsection to residential.
Read MoreErieview Tower residential advances Read More »
While Cleveland is not unique among major cities in having a declining school population, it is proving to be adept at adapting. It is turning what would otherwise be a potential problem of blighted, vacant school buildings and lands that would drag down neighborhoods into redevelopment opportunities that might lift them up.
Read MoreReport: Cleveland ranks 2nd in USA in redeveloping closed schools Read More »
