Real Estate News – Page 42

University Circle is becoming Cleveland’s “other downtown” again

1 Comment / Ken Prendergast / February 22, 2020

AFTER THIS ARTICLE IS A LIST AND RANKING OF THE TALLEST BUILDINGS IN UNIVERSITY CIRCLE.

In a couple of years, the skyline of University Circle is going to look quite different. Not only will it be taller, but it will be more active at street level. And the economic and investment impact resulting from this booming district is spreading beyond the Euclid Avenue spine including into some long-troubled neighborhoods.

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University Circle-area housing finds new Heights

Ken Prendergast / February 7, 2020

Last week, this blog reported on a $72 million dormitory project by Case Western Reserve University (CWRU) to add 600 beds to the South Residential Village at Murray Hill and Adelbert roads. This week, a private developer joined the party with a 58-unit boarding house project just up the hill.

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CWRU plans $72+ million dorm expansion, more coming

1 Comment / Ken Prendergast / January 31, 2020

In most years, Case Western Reserve University’s (CWRU) freshman classes get bigger. And each year, CWRU looks for ways to accommodate the growth of its enrollment that has surpassed 12,000, compared to 9,600 students in 2000. Their expansion options have involved building new dormitories as well as making it easier for more upperclassmen to live off campus.

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Ohio real estate megaproject tax credit may advance in February

1 Comment / Ken Prendergast / January 16, 2020

Legislation that would aid Ohio real estate megaprojects and create thousands of jobs could advance in the Ohio House of Representatives next month, according to a spokesman for State Rep. Paul Zeltwanger, chair of the House’s Workforce & Economic Development Committee.

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Two more apartment buildings coming to Battery Park

1 Comment / Ken Prendergast / January 15, 2020

As first reported here at NEOtrans last month, a Columbus developer is pursuing its first Cleveland real estate project in the Battery Park section of the Detroit-Shoreway neighborhood. The site is south of Edgewater Park and north of Gordon Square along West 70th and 73rd streets.

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Downtown Cleveland hotel sells to NY-based REIT

Ken Prendergast / December 13, 2019

Downtown Cleveland’s Hilton Garden Inn, 1100 Carnegie Ave., sold on Dec. 9 to a New York City-based real estate investment trust that specializes in owning Marriott- and Hilton-branded hotels.
The 11-story, 240-room hotel, its adjoining Gateway Conference Center and the 2.85 acres on which the complex sets was sold for $28.16 million

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Chiclets gum factory apartments, townhouses get new owner

1 Comment / Ken Prendergast / December 4, 2019

A California-based real estate investor has purchased the Chicle Apartments and Chicle Townhomes from a local firm that renovated the former Chiclets gum factory and built the townhomes on Cleveland’s west side nearly 15 years ago.

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The Outlet Shoppes of Cleveland is back in stock again

11 Comments / Ken Prendergast / November 19, 2019

With the goal of opening its doors to customers in the spring of 2022, the Outlet Shoppes of Cleveland is the subject of local and national leasing activities now underway. The project, originally proposed several years ago, is back and is being pursued aggressively by its national developer.

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Cleveland’s first Modernist tower to be remodeled

1 Comment / Ken Prendergast / November 14, 2019

As owner Optima Management Group describes their property, 55 Public Square is a “Class B office building in a Class A location.”

That location is about to get even valuable with a planned $73.6 million remodeling of the former headquarters of The Cleveland Electric Illuminating Co., now a part of First Energy. When the 24-story office building opened in 1958, it was Cleveland’s first glass curtain wall skyscraper.

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Lakefront development project to start this winter

1 Comment / Ken Prendergast / September 19, 2019

After shedding its partner Trammel Crow Co., things are starting to move a little faster for Cumberland Development LLC. when it comes to its lakefront development project. Demolition for and construction of the lakefront project is due to start in January.

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