Commercial Real Estate News

A brief summary of the most relevant and major commercial real estate news in Greater Cleveland

Downtown Riverfront entertainment complex, Browns Berea site, others seek TMUDs

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The next phase of Bedrock’s Downtown Cleveland Riverfront development is proposed to feature a large, 17-story entertainment complex topped by a hotel. Dubbed Rock and Roll Land, it is the largest of seven Northeast Ohio projects and is seeking the largest award possible in the fourth and final authorized round of the Ohio Department of Development’s Transformation Mixed Use Development (TMUD) tax credits.

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Go Browns! But where?

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One of the most anticipated games in my early Cleveland Browns fandom came three days after Thanksgiving in 1979. The 8-4 Browns faced the hated Steelers at Three Rivers Stadium in Pittsburgh where the Browns had yet to win. The Steelers were going for their fourth Super Bowl in the 1970s and the Browns were trying to get back to their glories of the prior two decades.

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St. Vincent Charity Medical Center to be demolished

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In just three years, St. Vincent Charity Medical Center, 2351 E. 22nd St,, went from planning a major expansion to requesting the demolition of nearly its entire main campus to the southeast of Downtown Cleveland. Plans were submitted to the city’s Building Department on Friday for demolishing all but 18,000 square feet of the 449,338-square-foot campus.

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More changes arriving at Shaker Square

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While a large federal grant was awarded to improve existing conditions at Shaker Square, plans to make long-term changes that reenergize the 95-year-old square are advancing. The short- and long-term work on the square is based on the belief that this historic district can and should be a neighborhood gathering spot rather than try to compete as a regional retail draw.

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Browns’ Berea District 46 plans coming into focus

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In a public record secured by NEOtrans, more details are coming to light about the owner of the Cleveland Browns, the Haslam Sports Group’s (HSG), proposed mixed-use development in suburban Berea. That includes specifications for the features in the new 500,000-square-foot development which will be built around a small, new sports stadium, dubbed a community field.

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Second apartment complex next to Herman Park

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Herman Park may be in need of updating, but its presence is enough to attract a second proposed apartment building to rise next to it. Conceptual designs for that building, located at 6400 Herman Ave. in Cleveland’s Gordon Square neighborhood, were approved yesterday by a neighborhood design-review panel and referred to the City Planning Commission’s Design Review Committee.

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Collinwood grocery store redevelopment sought

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Cleveland city officials revealed their intentions today to acquire and redevelop a closed grocery store property, 15900 Lake Shore Blvd., in the North Collinwood neighborhood. Officials requested City Planning Commission approval to start assembling the land, then later rezone it and ultimately offer it to developers through a community-driven request for proposals.

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Financial details of Browns’ Berea development

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When the Haslam Sports Group, owners of the Cleveland Browns, yesterday announced their plans for a mixed-use development next to the football team’s suburban Berea headquarters, it was the result of a tentative deal with city officials and other project partners. A summary of that deal was since revealed by Berea Mayor Cyril Kleem in a social media post.

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