Real Estate News

Without state financing and a tax exemption for its project, the developer of a $175 million, mixed-used development has decided to scale back the project by about one-third – at least at the outset.
Harbor Bay Real Estate Advisors, LLC is hoping for the city to approve a conventional, 15-year, 100-percent tax abatement for the residential portion of its Market Square project. If that happens, a seven-story apartment building with ground-floor retail

Like a tree at risk of getting chopped down, a $175 million development in the heart of Cleveland’s Ohio City neighborhood was in danger of being felled. But instead of hearing the cry “Timber!” Clevelanders should soon see a new plan released for the construction of buildings here.

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.

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.