Real Estate News

Data-rich and deep analytical information about Greater Cleveland real estate news

Surprising sites emerge for Courthouse Tower

A few notable developers are reportedly offering several prominent, if not surprising downtown properties as options to host what will be a nearly 900,000-square-foot Cuyahoga County Courthouse Consolidation project. The square footage, not including parking which will be extra, represents specialty office space that property owners are desperately trying to fill in this post-pandemic real estate market. The sheer size of the courthouse consolidation project may create a competition that bears watching.

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City picks Watterson-Lake developer

Following a request for proposals (RFP) process, the city of Cleveland officials selected Bridging the Gap LLC, a minority business enterprise and real estate developer from Pittsburgh, to redevelop the former Watterson-Lake School site in Cleveland’s Detroit-Shoreway neighborhood. New to the Cleveland market, Bridging the Gap has a portfolio of major renovation and new construction projects, including multi-family housing, mixed use, industrial, retail and office space. But this site is likely to be developed with affordable apartments, probably with a ground-floor retail space based on the site’s zoning.

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Breakwater Lofts opens this weekend

A decade ago, the opening of the Breakwater Lofts apartment building on a vacant lot at 1270 W. 58th St. in Cleveland’s Gordon Square neighborhood would’ve been a much bigger story. Instead, today, it’s the latest of many new developments in the surrounding area that has more big projects in the works. It’s a sign of stabilization and maturation of the residential market in this near-west side neighborhood, just off the lake, that continues to host traditional Cleveland haunts like the Parkview Nite Club across the street.

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NEOtrans partners with Cleveland Magazine

You’ve probably noticed this Cleveland Magazine logo and tag atop our articles in the past week. You’ll be seeing more of them. NEOtrans is excited to announce a new partnership with Cleveland Magazine, one of Greater Cleveland’s most important resources for the latest news on what’s happening around town in business, restaurants, government and from news-making people. It’s an opportunity for both organizations to tap into and share the latest news from veteran journalist and NEOtrans founder Ken Prendergast.

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Seeds & Sprouts 32 – Glenville library turns page, Cliff Hangers to Clifton, Microcosm Publishing expands, PB Express’ Big Creek container yard

See the Glenville Branch library’s renovation plans, along with the proposed Cliff Hangers restaurant-bar on Clifton Boulevard. Meanwhile, Microcosm Publishing is expanding in Cleveland’s Lee-Miles neighborhood and PB Express trucking is planning a new shipping container terminal along the Big Creek in Old Brooklyn.

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For sale: The Justice Center

All five above-ground buildings in downtown’s Justice Center complex, plus a below-ground parking garage, are being offered for sale by Cuyahoga County as a result of other efforts that could partially or completely vacate the entire 2-million-square-foot facility. The sale includes a three-year leaseback with four additional one-year renewal options so the county and city of Cleveland will have time to carry out those vacating efforts. No sale price was listed for the property but if you have to ask, you probably can’t afford it anyway.

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Cleveland Thermal target of acquisition

As Dan Gilbert’s real estate firm gets ready to roll out the details of phase one of its riverfront development, a neighboring fixture on the banks of the Cuyahoga River since 1894 may not be around much longer. The long-closed Cleveland Thermal steam heating plant, 2274 Canal Rd., along with possibly other properties of Cleveland Thermal Generation LLC are in the process of being acquired, according to a real estate source.

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Old Brooklyn Lofts gets early OK

A Parma real estate investor and his development team won conceptual approval yesterday from a local design review panel to convert the vacant, century-old Independent Order of Odd Fellows Temple at 3409 Broadview Rd. in the heart of Cleveland’s Old Brooklyn neighborhood into 10 loft-style apartments. The team will then refine their plans into more detail schematic designs for review by the Planning Commission’s citywide design-review committee prior to construction.

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