A brief summary of the most relevant and major residential real estate news in Greater Cleveland
Cleveland Mayor Justin Bibb, Cleveland City Council and the Cleveland office of Local Initiatives Support Corporation (LISC Cleveland) announced details today of a major new initiative to address the affordable housing crisis facing Cleveland residents.
Read MoreCleveland, LISC unveil housing investment fund Read More »
The stage is set for the debut of The Bulkley Residences in Downtown Cleveland’s Playhouse Square District. Its 84 apartments have layouts spanning four floors of the nine-story historic Bulkley Building, 1501 Euclid Ave. in the heart of Playhouse Square.
Read MoreBulkley Residences at Playhouse Square get spotlight Read More »
City officials in Cleveland Heights today announced they have entered into a purchase agreement with National Church Residences (NCR), a Columbus-based non-profit senior housing developer, to acquire two city-owned properties for a planned $22 million, 71-unit, senior affordable-rate apartment building.
Read MoreSenior affordable housing deal OK’d in Cleveland Hts Read More »
Rebuild Cleveland, LLC and FutureHeights, Inc. have embarked on an official collaboration to bring transformative infill housing development to Cleveland Heights. This partnership leverages Rebuild Cleveland’s considered approach to residential development and FutureHeights’ extensive track record of creatively engaging the community to develop exceptional housing that is responsive to the community’s needs and respectful of its architectural heritage.
Read MoreRebuild Cleveland, FutureHeights unite to add housing Read More »
A 109-unit market-rate apartment building planned along West 26th Street in Cleveland’s Ohio City neighborhood recently passed its first hurdle. But it has more to come, including a rezoning, vacating an alley, design-review approvals and winning over urban neighbors who expressed fears of the multi-family development.
Read MoreOhio City apartment building planned Read More »
Affordable housing developer Pennrose, LLC. is looking to build on the success of its other Cleveland-area projects with its next venture, this time on the city’s west side. The national developer is partnering with Ohio City Incorporated (OCI) to construct a 72-unit apartment building geared towards seniors and charging rents between 30 percent and 70 percent of the area’s median income.
Read MoreMcCafferty Center site to be senior housing Read More »
This summer, an aging but well-located building in the heart of Cleveland’s booming University Circle will get a needed refreshing to help it compete with new apartment buildings nearby. The University East Building, 11308-11330 Euclid Ave., will get that attention now that it is under the long-term management of a prominent local real estate developer.
Read MoreFirst Interstate to renovate UC apartment building Read More »
In the coming weeks, the last vestiges of industry along a once heavily industrialized street are due to pass into history. What will replace it is the same thing that has replaced industrial uses along the rest of Breakwater Avenue in Cleveland’s redeveloping Gordon Square neighborhood — housing. Lots of housing.
Read MoreThe end of industry on Breakwater Read More »
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 »
