Real Estate News

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Renovation starts on downtown’s Electric Building

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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Feds search Sinito’s home; Owner of Millennia, Key Tower, apartments and restaurants

The private home of the owner of some of Cleveland’s most well-known buildings and restaurants was searched today by federal investigators and assisted by local police in an ongoing matter involving the U.S. Department of Housing and Urban Development (HUD). Frank Sinito and his wife Malisse reside at a mansion at 6736 Eagle Road in Waite Hill, in suburban Lake County.

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Cleveland Vibrator to be razed for apartments

In the coming weeks, demolition crews are due to level the fabled Cleveland Vibrator machine shop, 2828 Clinton Ave., in the Hingetown section of Ohio City for a large apartment complex. Site preparations for two new apartment buildings will take place over the winter with construction work to follow, said Jon Pinney, managing partner at the project’s developer TurnDev.

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Three sites ID’d for Downtown public toilets

Public bathrooms are exactly what many civic and business people say Downtown Cleveland needs. But where they should be located has been a difficult question to answer. It’s one of the reasons why it has taken three years to advance three proposed locations for four of these public potties for consideration to the City Planning Commission’s Design Review Committee this Friday.

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