Real Estate News

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

Mid-rise housing on Detroit Ave heads west

Housing continues to make its inexorable push westward along Detroit Avenue in Cleveland’s Ohio City neighborhood. The latest project is 4005 Detroit, a seven-story apartment building with ground-floor retail. Plans for the project were recently submitted to the city for approval.

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Gordon Park lakefront housing – the sequel

The Gordon Park area on the East Side isn’t to be confused with the Gordon Square area on the West Side. Gordon Square is a populous, fast-growing, historic neighborhood. But the lakefront lands along and near Gordon Park could soon add “fast-growing” to its descriptions too, as first reported in a February NEOtrans article.

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University Circle’s trio of 11-story developments

Three developments featuring 11-story residential buildings are planned to rise in the coming months in Cleveland’s University Circle.
The Finch Group is proposing to build a mixed-use project called Infinium on the site of the Cleveland-East facility for the Centers for Dialysis Care (CDC), 11717 Euclid Ave., according to two sources.

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Four downtown towers are in the works

The real estate market in Cleveland and especially downtown is shifting into a whole ‘nother gear.

Growth of the market combined with the advent of new financing tools, plus the dwindling supply of older office buildings available for residential conversion is making significant new construction more realistic.

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Cleveland’s Tower City may soon become tech hub

Tower City Center, formerly Cleveland’s main railroad passenger station, could soon enter its third incarnation — this time as a $150 million tech hub. Dubbed City Block, the hub would become an incubator for a variety of technology firms, ranging in size from Fortune 100 anchor companies to flash-in-the-pan start-ups.

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Lakewood housing hunt drew Columbus developer here

Anyone who has tried to buy a high-quality, competitively-priced home in Lakewood in the last year or two knows the drill. The real estate search is one of the most difficult scavenger hunts you’ll play. Unless you’re willing to sacrifice many features you want in a home or make a high, all-cash offer, a Lakewood housing hunt is not a game for the impatient.

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Cleveland: Nearly 40 towers planned

A remarkable building boom is under way in Greater Cleveland. Because of a strong economic recovery that’s been picking up momentum here over the past five years, there are more large building projects in the metro area now than at any time in perhaps the past 50 years.

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Leveraging the Boomtown

Cleveland’s East Side, with one big exception, is a mess. It’s got some of the worst urban poverty in the United States and is the reason for Cleveland’s #2 ranking among America’s biggest cities in terms of percentage of residents living in poverty. Only Detroit outranks Cleveland in that regard.

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