Data-rich and deep analytical information about Greater Cleveland real estate news
Herman Park may be in need of updating, but its presence is enough to attract a second proposed apartment building to rise next to it. Conceptual designs for that building, located at 6400 Herman Ave. in Cleveland’s Gordon Square neighborhood, were approved yesterday by a neighborhood design-review panel and referred to the City Planning Commission’s Design Review Committee.
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Greater Cleveland ranked fourth on the list of global financial institution Bank of America’s (BofA) latest rankings of where people are moving. That data shows Americans are continuing a pandemic-induced flight to affordability, without sacrificing amenities, in choosing where they want to live.
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Cleveland city officials revealed their intentions today to acquire and redevelop a closed grocery store property, 15900 Lake Shore Blvd., in the North Collinwood neighborhood. Officials requested City Planning Commission approval to start assembling the land, then later rezone it and ultimately offer it to developers through a community-driven request for proposals.
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A new apartment building and row of townhomes called Skyline on Stokes have taken form in Cleveland’s University Circle. The last structural features of the seven-story apartment building, formerly called Stokes West, were added and celebrated last week in a “topping-out ceremony.”
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When the Haslam Sports Group, owners of the Cleveland Browns, yesterday announced their plans for a mixed-use development next to the football team’s suburban Berea headquarters, it was the result of a tentative deal with city officials and other project partners. A summary of that deal was since revealed by Berea Mayor Cyril Kleem in a social media post.
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Today, the Haslam Sports Group announced it was teaming up with the Berea City Schools, city of Berea, DiGeronimo Companies and University Hospitals to pursue a long-planned mixed-use district next to the Cleveland Browns headquarters in suburban Berea. Recent estimates are that the new development could cost about $221 million to build.
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NEOtrans was among the Greater Cleveland media outlets to anonymously receive renderings of what a Cleveland Browns domed stadium at Burke Lakefront Airport could look like. The renderings, which also show stadium-area development, changes to roadways and parking, were commissioned from Cleveland-based architecture firm Vocon Partners LLC by the convention and tourism bureau Destination Cleveland.
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Cuyahoga Land Bank has been awarded $4.95 Million from the Ohio Department of Development’s Welcome Home Ohio Program to support affordable housing development in the county. The funds will be used to create new, affordable homes in partnership with Cuyahoga County, CHN Housing Partners and Near West Land Trust.
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Increasingly, artist studios and nonprofit arts organizations have been moving eastward from downtown into Cleveland’s Goodrich-Kirtland Park neighborhood and St. Clair-Superior. But few are making as big of an investment as that which the Cleveland Print Room (CPR) plans by acquiring and renovating a former commercial laundry at 4730 Lexington Ave.
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With financing closed, construction work will begin in the next couple of weeks on the $40 million rehabilitation and conversion of the historic 700 Prospect Ave. office building into apartments, called The Electric Building. And now the ground-floor has the end user of its lone commercial space identified — Tom’s Watch Bar, a national chain sports bar founded in 2014.
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