Real Estate News – Page 24

Weston plans huge warehouse in Euclid

Ken Prendergast / April 24, 2023

Keeping Euclid’s industrial facilities modern and competitive to attract new jobs is the goal of a large, new warehouse/light industrial facility called Tech Park 90 that could see construction start as early as June, said a representative of its developer, the Weston Group. Even more impressive is that the project is being pursued as a speculative development, meaning that an anchor tenant hasn’t been secured prior to Weston’s decision to move forward on it.

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Chester 82 gets thumbs up

Ken Prendergast / April 24, 2023

When the Cleveland Planning Commission gave final approval of design plans on April 21 for the Chester 82 development, 1898 E. 82nd St., it coincided with the federal government’s release of the latest jobs data for Greater Cleveland. That data offered a reminder of why Chester 82 and other residential developments in Cleveland’s Hough neighborhood are happening.

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Hulett Hotel plans make a comeback

Ken Prendergast / April 22, 2023

Six years ago, Mark Raymond planned a 25-room boutique inn called the Hulett Hotel with a mix of new construction and renovation at 1452-1468 W. 25th St. in the Hingetown section of Cleveland’s Ohio City neighborhood but the plan faded into memory during the pandemic. Today, he’s raising some eyebrows in the neighborhood by going bigger at a time when many real estate developers are putting construction plans on hold.

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The West Shore also rises

Ken Prendergast / April 21, 2023

In the coming weeks and months, the continued metamorphosis of land uses along Cleveland’s West Shoreway from industrial to residential will yield some new features that will show just how much Cleveland is changing. Several projects along the Shoreway-turned-Edgewater Parkway will be under way at roughly the same time and offer some lofty symbols about Clevelanders’ evolving regard for its often-ignored lakefront.

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Haslams’ major announcement(s)

Ken Prendergast / April 17, 2023

Cleveland Browns owners Dee and Jimmy Haslam, Cleveland Mayor Justin Bibb and Berea Mayor Cyril Kleem, Cuyahoga County Executive Chris Ronayne and others are due to make one or more big announcements starting next week that will include the lakefront football stadium, the Browns’ Berea campus, mixed-use developments around both plus a relocated Shoreway. The announcements will be about changes intended to activate the downtown lakefront by the end of this decade in ways it hasn’t been since the 1930s and to create a year-round fan-friendly village around the team’s suburban headquarters and practice facility, according to two sources familiar with the developments.

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Greater Cleveland office market still struggling

Ken Prendergast / April 11, 2023

Newmark, one of the world’s leading real estate services firms, issued its first quarter 2023 (23Q1) office market report for Greater Cleveland today and it continues to show a worsening situation in the region’s office sector. While only one submarket within Greater Cleveland showed an increase in office occupancies, none are taking it on the chin more than the central business district (CBD), its retailers, restaurants and transportation providers. But that data may have been disproportionately affected by a major deal.

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Treo opening doors on West 25th

Ken Prendergast / April 10, 2023

Treo, named for where Tremont meets Ohio City, is the first of the big, market-rate apartment buildings to come to this no-man’s land part of town. Built on the site of a former auto repair and scrap yard business along a lesser-traveled section of West 25th Street, Treo’s first resident moved into the 171-unit property last week as construction work is substantially completed.

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Haslams envision glitzy new Berea future

Ken Prendergast / April 7, 2023

The owners of the Cleveland Browns are trying to keep up with the Jones’. And the Kroenkes, Spanos’ and Wilfs, too. To do that means upgrading the Browns’ football facilities. But that isn’t limited to their downtown Cleveland stadium where the team plays games each Sunday in the Fall. News has been reported for a couple of years by local media outlets that the Browns and their owners the Haslam Sports Group want to expand the pro football team’s practice facilities in the Cleveland suburb of Berea. But what hasn’t been reported until now is the scale and scope of that expansion. According to sources close to the Browns and the Haslams who spoke to NEOtrans on the condition of anonymity, the expansion is may include a hotel, restaurants, shops, conference facilities, plus indoor and outdoor fields with thousands of seats for spectators.

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Slavic Village properties back on market

Ken Prendergast / April 3, 2023

Seven high-profile properties along a short section of Broadway Avenue in Cleveland’s Slavic Village have hit the market after years of inactive ownership by a Columbus-based real estate firm. All of the properties except one which is an empty lot, have historic but vacant buildings on them. But the offerings are not publicly listed as available for sale by ME Real Estate.

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Board of Elections is moving out

Ken Prendergast / March 31, 2023

Cuyahoga County’s Department of Public Works this week issued a request for proposals from building owners and real estate brokers who can accommodate the requirements of a proposed consolidation of operations by the Cuyahoga County Board of Elections (BOE) into a new location. For decades, the BOE’s main offices have been located at 2925 Euclid Ave. in Cleveland’s Midtown neighborhood. But it also has two other locations that, in total, equal the size of their main offices and could be consolidated into a new, accessible location by year’s end, county officials said.

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