Real Estate News

According to a source close to the situation but was not authorized to speak publicly about the matter, Heinen’s downtown Cleveland grocery store will reopen in four to eight weeks.

Rumors have swirled since the nationwide riots and looting on May 30 forced the closure of the full-service downtown grocer. The store suffered modest damage and theft of merchandise from the first floor only. Some downtown residents feared the store would not reopen.

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In 2020, as the practice of social distancing has dominated, a relatively new business is taking the opposite approach. COhatch, founded in Columbus in 2016, is creating a community-centric approach to co-working where people not only work together, but socialize, exercise, host events and support new business ideas with the help of local investors in the same location.

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An important local real estate developer has emerged to lead a proposed apartment and hotel tower on the Flats’ West Bank, giving the project further legitimacy. That backer is the man who brought the Flats’ East Bank back from the ruins of being Cleveland’s Party Central in the late-20th century to become a bright, attractive mixed-use development.

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If you want to rent your preferred apartment at Ohio’s tallest residential building, you’d better take a tour of The Lumen soon. But if you want to see what the views look like from the upper floors of the building, wait until summer before booking a tour.

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The construction crane for The Lumen apartment tower in Cleveland’s Playhouse Square (PHS) came down last month as the skyscraper topped out. Starting next month, the curtain goes up for the marketing and leasing of Ohio’s tallest residential tower.

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Developers are facing tests and building tests as they try to address the long-standing lack of for-sale housing in downtown Cleveland. To address that shortcoming in this local and national market, developers and investors have endured a test of wills and finances.

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