A brief summary of the most relevant and major residential real estate news in Greater Cleveland
A property transaction recorded last week by Cuyahoga County revealed an emerging development site that could host about 200 apartments in Cleveland’s Midtown neighborhood. The site, located between Euclid and Chester avenues in the East 40s, has been the subject of interest by multiple developers in recent years.
Read MoreLarge Midtown development planned Read More »
An early indicator of an emerging real estate development is to see a request for unused public rights of way to be vacated. Another is a mass of properties being acquired by the same company in the same area. Yet another is to see decaying structures in that area be demolished. All three of those conditions are occurring on Barber Avenue at West 30th Street, where Cleveland’s Ohio City neighborhood meets Clark-Fulton.
Read MoreOhio City housing emerging south of tracks Read More »
Typically, the third time’s a charm, but Bridgeworks needed more times than that to earn the approval of the Cleveland Landmarks Commission. Ultimately, the proposal passed unanimously today. The go-ahead allows developers to move forward with constructing all of the $84 million project, located at 2429 W. Superior St. in Cleveland’s Ohio City neighborhood.
Read MoreBridgeworks gets green light from Landmarks Read More »
Six townhomes may not sound like much, but their builder says they’re an “historic” next step toward increasing the amount of modular housing in Cleveland. City officials and some home builders say more modular homes are needed here to address shortages in quality, affordable housing, fill vacant lots, repopulate the city, increase homeownership in Cleveland and build equity.
Read MoreNorth Collinwood ‘historic’ modular townhomes OK’d Read More »
A long-planned and contentious townhomes development at 4705 Bridge Ave. in Cleveland’s Ohio City neighborhood is seeing signs of construction activity after being on hold for nearly three years. The project’s revival is due to several factors including an improved for-sale housing market of lower interest rates, more fluid financing for construction and a new construction contractor that was hired.
Read MoreOhio City townhomes project gets 2nd shot Read More »
The city of Cleveland and the Site Readiness for Good Jobs Fund announced today they have issued a Request for Proposals (RFP) to modular home manufacturers across the United States and internationally to establish a manufacturing facility in Cleveland. The city said it is responding to industry requests for such a facility.
Read MoreCleveland wants a home for manufactured homes Read More »
For much of the past 50 years, Scranton Peninsula, across the curving Cuyahoga River from Downtown Cleveland, had become an increasingly desolate place. It saw its two largest industrial employers — Northern Ohio Lumber and Republic Steel’s Upson Nut Division — depart, leaving the 75-acre peninsula scarred and mostly vacant. But a residential future is rising.
Read MoreCleveland riverside neighborhood opens for tours Read More »
The next phase of Bedrock’s Downtown Cleveland Riverfront development is proposed to feature a large, 17-story entertainment complex topped by a hotel. Dubbed Rock and Roll Land, it is the largest of seven Northeast Ohio projects and is seeking the largest award possible in the fourth and final authorized round of the Ohio Department of Development’s Transformation Mixed Use Development (TMUD) tax credits.
Read MoreDowntown Riverfront entertainment complex, Browns Berea site, others seek TMUDs Read More »
The Port of Cleveland today approved the issuance of more than $171 million in bonds and notes for four transformative projects, including the pivotal first new development in Bedrock’s Riverfront project along the Cuyahoga River and a major affordable housing renovation in downtown Cleveland, among other strategic initiatives.
Read MorePort OK’s $171M in financing for major projects Read More »
One of the most anticipated games in my early Cleveland Browns fandom came three days after Thanksgiving in 1979. The 8-4 Browns faced the hated Steelers at Three Rivers Stadium in Pittsburgh where the Browns had yet to win. The Steelers were going for their fourth Super Bowl in the 1970s and the Browns were trying to get back to their glories of the prior two decades.
Read MoreGo Browns! But where? Read More »
