Residential Real Estate News

A brief summary of the most relevant and major residential real estate news in Greater Cleveland

Little Italy, Tremont townhouses planned

A Cleveland real estate firm that has been renovating homes in the metro area is entering the new-construction market by building new homes in Sandusky and seeking to construct new townhomes in two of Cleveland’s hottest neighborhoods. ParaPrin Construction, located on West 105th Street, wants to construct six new townhomes in Little Italy and Tremont if its vision passes muster with the City Planning Commission.

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Chester 82 gets thumbs up

When the Cleveland Planning Commission gave final approval of design plans on April 21 for the Chester 82 development, 1898 E. 82nd St., it coincided with the federal government’s release of the latest jobs data for Greater Cleveland. That data offered a reminder of why Chester 82 and other residential developments in Cleveland’s Hough neighborhood are happening.

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The West Shore also rises

In the coming weeks and months, the continued metamorphosis of land uses along Cleveland’s West Shoreway from industrial to residential will yield some new features that will show just how much Cleveland is changing. Several projects along the Shoreway-turned-Edgewater Parkway will be under way at roughly the same time and offer some lofty symbols about Clevelanders’ evolving regard for its often-ignored lakefront.

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Treo opening doors on West 25th

Treo, named for where Tremont meets Ohio City, is the first of the big, market-rate apartment buildings to come to this no-man’s land part of town. Built on the site of a former auto repair and scrap yard business along a lesser-traveled section of West 25th Street, Treo’s first resident moved into the 171-unit property last week as construction work is substantially completed.

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Cleveland Habitat for Humanity opens first union-built home

A new home on Grandview Avenue was the first all-union-built home in Greater Cleveland to be provided by the Greater Cleveland Habitat for Humanity program. And yesterday its residents got the keys to it. Thanks to the Habitat for Humanity program, the 14th house was built on Grandview Avenue in Cleveland’s Buckeye-Woodhill neighborhood. The resident, Sierra Gaughan, mother of six, couldn’t hold back her tears of happiness.

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Lakewood site prepped for development

Fences went up today at Lakewood’s East End around a former National Tire & Battery (NTB) store and its parking lot at the southwest corner of Detroit and Coutant avenues. In the coming days, the NTB store will come down while hydraulic lifts in the building’s vehicle repair shop will be removed and possibly some of the soil surrounding the lifts, too. Those are just some of the activities that will prepare the site for the next phase of the Studio West 117 development.

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Downtown’s next high-rise to turn residential

Downtown Cleveland’s next office-to-residential conversion project appears to be in the works. But this one might not be a total changeover to a new use. Ohio Savings Plaza, with more than a half-million square feet divided among two buildings has something big going for it — it’s half-filled with office tenants. Or, half-empty if you’re a pessimist.

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Next Woodhill Homes phase starts

Marous Brothers Construction is moving equipment onto the site today and are quickly beginning construction on Woodhill Center East, a $33.4 million development located at 11305 Woodland Ave. This phase of the Buckeye-Woodhill Transformation Plan will create 77 quality affordable apartments for families and help revitalize the Buckeye-Woodhill community, according to project backers.

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groundbreaking ceremony for The Lumos apartments

Hough busily breaking new ground

For anyone who has been watching real estate activity in recent years in Hough, they are probably no longer surprised that investment is growing here. But what may be surprising is that the pace of it continues to increase. And, with that, there’s growing interest by local and national investors to make sure that gentrification doesn’t take hold and push away people who need jobs within an easy walk, bike or bus ride of booming University Circle.

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Half of ex-Westinghouse plant to be razed

Planning documents submitted to the city yesterday reveal that slightly more than half of the former Westinghouse plant overlooking the West Shoreway and Lake Erie could be demolished in preparation for the redevelopment of the surviving structures. According to sources familiar with the project, the surviving portions at the plant at 1200 W. 58th St. in Cleveland are proposed to be redeveloped as a boutique hotel, apartments and leasable commercial spaces plus parking.

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