Commercial Real Estate News

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

George’s billboards rise on Opportunity Corridor

Construction work began last week to erect two large billboards along the Opportunity Corridor Boulevard on Cleveland’s East Side. The billboards are the result of litigation that will allow the demolition of a billboard and a decayed building that supports it, located at West 25th Street and Detroit-Superior Bridge in Cleveland’s Ohio City.

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Cleveland’s second mass-timber building planned

In May, real estate developer Dan Whalen left a Landmarks Commission meeting with a design approval in his pocket and a range of possibilities in the back of his mind. Those led him to consider building his latest development, a Marriott Tribute Portfolio boutique hotel, 1950 W 26 St., in Cleveland’s Ohio City neighborhood, with an extensive amount of mass-timber construction.

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Euclid Avenue building demolition postponed

Neither Mother Nature, the Cleveland Foundation or the Cleveland Planning Commission have so far been able to demolish a century-old building at Euclid Avenue and East 71st Street in Cleveland’s Midtown neighborhood. The tornado-damaged former showroom and warehouse of the Baker Electric Car Company, 7107-7113 Euclid, is in the crosshairs of a nearly four-acre redevelopment site.

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