A brief summary of the most relevant and major commercial real estate news in Greater Cleveland
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 »
A George family-owned billboard that metastasized into three as a result of a 2023 court settlement has found its third and final landing spot in Cleveland. That third billboard site is a piece of a city-owned parcel on the Opportunity Corridor near Quincy Avenue that is unlikely to be developed with any other uses, according to a city official. Title to the land will be transferred to the Georges.
Read MoreGeorge’s third billboard lands on Opportunity Corridor Read More »
As Case Western Reserve University (CWRU) approaches its 200th anniversary, just two years away, the growing college has just one megaproject on its syllabus for Cleveland’s University Circle — the $300 million Interdisciplinary Science and Engineering Building. So CWRU’s bicentennial legacy is to do what it has often done — prudently build when it needs to, not when it wants to. Even so, news of what the university is not building may come as a surprise.
Read MoreCWRU’s South Residential expansion stops Read More »
After four years of going through multiple design iterations, it somehow seems natural that Bridgeworks finally got the OK today from the city to start construction — but only up to the second floor. To build above that, the project’s development team is going to have to come back to the city for design approval of the building’s top five floors. The team pledged it would do so — quickly.
Read MoreBridgeworks can finally build – up to two stories Read More »
With a partial occupancy permit from the city awarded, arriving residents are opening the book on Library Lofts — the latest building to be offered at the Circle Square district of Cleveland’s University Circle. Like a novel with a thick plot, progress on the apartment building-over-public library has taken lots of turns, though it’s not done yet. But this page-turner is almost there. And what a poetic conclusion it may turn out to be.
Read MoreLibrary Lofts turning next page at Circle Square Read More »
Cleveland’s City Planning Commission today gave unanimous support to the conceptual design of a proposed mixed-use high-rise in the University Circle neighborhood. If the project is able to move swiftly through the design-review process, the proposed 24-story East Stokes Tower at the southeast corner of Chester Avenue and Stokes Boulevard could see construction start as early as spring 2025.
Read MoreEast Stokes skyscraper concept wins approval Read More »
The development team for Circle Square, a district bringing more than one million square feet of mixed-use development to market in Cleveland’s booming University Circle, is about to introduce its latest addition to this booming district. And that addition, at the southeast corner of Chester Avenue and Stokes Boulevard, will challenge Circle Square’s The Artisan for the tallest building in Cleveland’s “second downtown.”
Read MoreNew skyscraper planned for University Circle Read More »
A Cleveland-New York development partnership is seeking financing for a significant remake of the heart of Cleveland’s Slavic Village at Broadway Avenue and East 55th Street. And an application for Low Income House Tax Credits (LIHTC) is bringing more clarity to the partnership’s redevelopment plans that were first revealed publicly by NEOtrans in May 2023.
Read MoreSlavic Village redevelopment plans progress Read More »
