Real Estate News

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Tremont hillside development plan regains life

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A large, proposed redevelopment of former industrial and railroad lands on a hillside in Cleveland’s Tremont neighborhood is showing renewed signs of life after a court battle was settled in December. That settlement involved land being divvied up so a rezoning can move forward and an asphalt plant can continue to operate. If the land is rezoned by City Council, a mostly residential development can proceed — next to the asphalt plant.

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Cleveland’s Select Medical Fairhill Hospital to see major rehab

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Just uphill from the Cleveland Clinic’s main campus, Select Medical Fairhill Hospital is seeking a significant renovation and partial conversion of its recovery-care hospital to provide rehabilitation services. The fate of this facility was unknown after Select Medical recently closed another facility near Downtown Cleveland.

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Haslams keep options open for Brook Park site

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NEOtrans’ scoop last week that the owners of the Cleveland Browns are reportedly buying a 176-acre parcel in suburban Brook Park led to a flurry of discussion about what that means since the sources didn’t say why. The most obvious speculation is that the land is for a new stadium venue for home games for the National Football League franchise. But that may be only partly true. Instead, one option is to apparently use it as part of a land trade for a stadium.

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Cleveland AGA Building to fuel start-ups

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Like many of Cleveland’s historic but vacant commercial buildings, the former American Gas Association (AGA) laboratory in Cleveland’s St. Clair-Superior neighborhood is about to get renovated for a new use. Unlike many other buildings, this one isn’t being converted into apartments. Instead, its new uses are intended to create long-term jobs and new businesses, especially among young women and minorities.

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Cleveland’s MLK Plaza redevelopment plans revealed

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A rezoning request for the redevelopment of Martin Luther King Jr. Plaza, 9300 Wade Park Ave. in Cleveland’s Hough neighborhood resulted in the developer revealing her plans for the site. And those plans show the plaza would be demolished for a sizable, mixed-use development that could provide 142 residential units, both multi-family and single family, plus at least 15 leasable spaces for commercial tenants.

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Downtown Cleveland skyscraper sold to NY firm with big retail portfolio

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According to two sources, Downtown Cleveland’s third-tallest skyscraper has sold to a New York-based company that has more than its share of cheap or faded retail properties including many in Ohio. But the parking garage for the skyscraper, 200 Public Square, was reportedly sold separately to a buyer in Chicago that owns downtown parking properties nationwide, one of the sources said.

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Flats luxury finally coming home

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It’s the type of housing development that could not be achieved in Cleveland’s Flats until now. And the proof of that statement rests with the multiple prior attempts at developing this site. While there’s still a ways to go, a big step forward was made on Friday when City Planning Commission’s Design Review Committee approved the construction of luxury housing and a retaining wall along Carter Road.

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Sherwin-Williams parked its HQ parking options

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When brainstorming the next phase of Sherwin-Williams’ global headquarters in Downtown Cleveland, a big question is what to do with all of those big metal boxes that people bring to work with them each morning. On average, each one weighs 2 tons and to park one requires at least 300 square feet of storage space, including driveways and ramps. Like health care, the cost of community transportation falls onto American corporations unlike their European and Asian counterparts.

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