A brief summary of the most relevant and major commercial real estate news in Greater Cleveland
Although the buyer of the former Medical Mutual of Ohio headquarters in Downtown Cleveland publicized earlier this month it had closed on its purchase financing, they declined to reveal the transaction amount at that time. But that amount became public when the deed transfer was filed with the Cuyahoga County Fiscal Officer on Christmas Eve.
Read MoreEx-Medical Mutual HQ sale amount ‘A great deal’ Read More »
Miceli Dairy Products is taking the first big steps toward its multi-phase expansion vision by unveiling plans for its $16 million first phase. But when all three phases are completed in the coming years, Miceli anticipates making a $128 million investment that will bring hundreds of new jobs to Cleveland’s Buckeye-Woodland neighborhood.
Read MoreMiceli Dairy to start its big expansion in spring Read More »
A slew of construction permit applications were submitted to the Cleveland Building Department last week for the redevelopment of the former Voss Industries plant, 2168 W. 25th St., in Cleveland’s Ohio City neighborhood. This $63.4 million project along with a planned bus rapid transit corridor on West 25th promises to expand the vibrancy of the Market District farther south.
Read MoreHistoric Carriage Co. project in Ohio City advances Read More »
Although a conceptual plan for Fairview Hospital’s North Campus $150 million redevelopment won unanimous support from Cleveland Planning Commission on Friday, commissioners attached a few conditions to it. At the same meeting, the commission also recommended that Cleveland City Council approve rezoning the hospital’s properties with a more appropriate classification. The hospital is located at 18101 Lorain Ave. in Cleveland’s Kamms Corners neighborhood.
Read MoreFairview Hospital’s North Campus plan gets Rx Read More »
In Cleveland, one east-side housing development and one west-side development are set to receive 4-percent Low Income Housing Tax Credits (LIHTC) from the Ohio Housing Finance Agency (OHFA). The agency announced that determination yesterday in a spreadsheet posted on its Web site. A third project won a $1.75 million OHFA loan, OHFA said in a written statement released today.
Read MoreProjects OK’d for affordable housing loan, credits Read More »
John Carroll University’s (JCU) transformative Gateway North project, a mixed-use retail and residential complex, has taken a significant step forward with approval from the University Heights City Council yesterday. Plans for the project had been under review by several city panels in this eastern Cleveland suburb for several months.
Read MoreJCU Gateway North project approved by city Read More »
A property transaction recorded last week by Cuyahoga County revealed an emerging development site that could host about 200 apartments in Cleveland’s Midtown neighborhood. The site, located between Euclid and Chester avenues in the East 40s, has been the subject of interest by multiple developers in recent years.
Read MoreLarge Midtown development planned Read More »
Two years before Gloria Gaynor released her 1978 smash hit “I Will Survive” about recovering from a breakup, she released another song titled “Let’s Make a Deal” — referring to a marriage. In the coming days and weeks, we’re likely to hear more about a similar plot line albeit in reverse involving the proposed new stadium in suburban Brook Park.
Read MoreA Browns stadium quid pro quo Read More »
New details emerged today on the proposed $1.2 billion mixed-use district surrounding the Haslam Sports Group’s (HSG) proposed all-purpose, roofed stadium in the Cleveland suburb of Brook Park. HSG announced that Lincoln Property Company, a global real estate firm, will be the development partner for the Cleveland Browns’ 176-acre mixed-use entertainment district.
Read MoreHaslams announce Brook Park stadium-area development partner, updated plans Read More »
In the coming months, the busy intersection of Memphis Avenue and Pearl Road in the heart of Cleveland’s Old Brooklyn neighborhood will look very different. The change is due from the City Planning Commission’s approval on Friday of an application to demolish four buildings at that intersection, each of which are historic structures but in varying stages of decay.
Read MoreOld Brooklyn structures OK’d for demolition Read More »
