A brief summary of the most relevant and major commercial real estate news in Greater Cleveland
Today, the Haslam Sports Group announced it was teaming up with the Berea City Schools, city of Berea, DiGeronimo Companies and University Hospitals to pursue a long-planned mixed-use district next to the Cleveland Browns headquarters in suburban Berea. Recent estimates are that the new development could cost about $221 million to build.
Read MoreBrowns’ Berea ‘District 46’ development revealed Read More »
NEOtrans was among the Greater Cleveland media outlets to anonymously receive renderings of what a Cleveland Browns domed stadium at Burke Lakefront Airport could look like. The renderings, which also show stadium-area development, changes to roadways and parking, were commissioned from Cleveland-based architecture firm Vocon Partners LLC by the convention and tourism bureau Destination Cleveland.
Read MoreSneak peak at Burke lakefront stadium Read More »
Increasingly, artist studios and nonprofit arts organizations have been moving eastward from downtown into Cleveland’s Goodrich-Kirtland Park neighborhood and St. Clair-Superior. But few are making as big of an investment as that which the Cleveland Print Room (CPR) plans by acquiring and renovating a former commercial laundry at 4730 Lexington Ave.
Read MoreCleveland Print Room focuses on new home Read More »
With financing closed, construction work will begin in the next couple of weeks on the $40 million rehabilitation and conversion of the historic 700 Prospect Ave. office building into apartments, called The Electric Building. And now the ground-floor has the end user of its lone commercial space identified — Tom’s Watch Bar, a national chain sports bar founded in 2014.
Read MoreRenovation starts on downtown’s Electric Building Read More »
To finally repurpose the site of the former Lakewood Hospital that was closed in 2016, plans for a proposed major development have one more hurdle at the city of Lakewood to clear before crossing the finish line. That last hurdle, City Council, will take up those plans next month. If they’re approved by the end of this year, construction could start by Spring 2025 on the $100-plus million development.
Read MoreDowntown Lakewood project nears final approval Read More »
The Port of Cleveland board on Friday approved issuing up to $15 million in taxable bonds for financing of the $25.6 million Taylor Tudor Plaza Project, part of the first phase of a larger $150 million mixed use neighborhood revitalization of the Taylor Road neighborhood in Cleveland Heights.
Read MoreTaylor Tudors in Cleveland Hts. get financed Read More »
After presenting plans for the new North Campus of Fairview Hospital, 18101 Lorain Ave., to Cleveland’s Kamms Corners community, Cleveland Clinic officials and their design team will now submit the project to the city’s design-review process. Proposed timelines for the project were also revealed, showing the Clinic wants to move forward quickly on this major project.
Read MoreFairview Hospital-North final concept presented Read More »
If you are heading south from Cleveland Hopkins International Airport on State Route 237, you might be able to catch a brief glimpse of where a nearly $3 billion modernization program for the airport’s terminal is about to begin. But most people probably won’t even notice the building or when the work starts on upgrading its interior.
Read MoreHopkins Airport’s first terminal project takes off Read More »
The rumor mill is always churning around Sherwin-Williams’ plans for handling its growing number of employees at its soon-to-open new headquarters in Downtown Cleveland, its new research center in suburban Brecksville and at its other other facilities. But that rumor mill has quieted down in recent months, until now.
Read MoreSherwin-Williams execs to wait and see on HQ2 Read More »
Two large Downtown Cleveland employers may be reversing course regarding their future office locations. One was bound and determined to leave for the suburbs but now its plans are up in the air. And despite the grist coming from the real estate rumor mill, the other employer says it’s not going anywhere — yet.
Read MoreDowntown employers reconsider suburban moves Read More »
