Blue Abyss may build $250m research center here

By Ken Prendergast / March 26, 2023 March 25, 2023

A British company, Blue Abyss Diving Ltd., is pursuing the development of a new research center devoted to deep sea and space research in the Cleveland suburb of Brook Park on land next to NASA Glenn Research Center. The project, with a total estimated price tag of $250 million, could be one of the most significant business investments resulting from the presence of the NASA facility. It could also be nearly identical to a major research center Blue Abyss is building in the United Kingdom county of Cornwall.

From Kyiv to Cleveland, art firm HQ moves

By Ken Prendergast / March 24, 2023 March 25, 2023

Founded in Ukraine nearly two decades ago, Dion Art has been expanding thanks to stunning, innovative public art projects and a stabilizing, growing nation. When that growth slowed to a trickle a year ago when Russia began its all-out invasion of Ukraine, its founder and his friend made a choice — move Dion Art to Cleveland.

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Irishtown Bend Park stakeholders announce deal for George property

By Ken Prendergast / March 23, 2023 March 25, 2023

Partners working together on the transformational Irishtown Bend project have reached a tentative settlement agreement following a lawsuit by an affiliate of the George family against the use of eminent domain to acquire their land for the project. Terms of the deal were not fully disclosed at this time.

Seeds & Sprouts XXVIII – Big retailer to Steelyard, AJ Rocco’s progresses, Hemingway bets on offices, Leather shop reno, Bakery to Euclid Ave

By Ken Prendergast / March 22, 2023 March 22, 2023

A big retailer is opening at Steelyard Commons, renovations work for AJ Rocco’s new restaurant are about to progress, Hemingway Development bets on Midtown offices, and the inside of a West Side leather shop is about to be renovated.

It’s official: Lakewood Center West sells

By Ken Prendergast / March 20, 2023 March 20, 2023

While Lakewood waits on the Downtown Lakewood development, a mostly residential development could come to this inner-ring suburb’s former office and current retail district even sooner. According to Lakewood city officials and Cuyahoga County records, a Brooklyn, NY-based developer has acquired the seven-story Lakewood Center West at the northeast corner of Detroit and St. Charles avenues for $2.4 million. The developer told NEOtrans that they envision 60-70 apartments on the upper floors and will retain the ground-floor and basement commercial tenants.

Cleveland Hts Cedar Lee Meadowbrook ‘A done deal’

By Ken Prendergast / March 19, 2023 March 19, 2023

The City of Cleveland Heights and its development partner, Flaherty & Collins Properties, announced the real estate and financial “closing” for the Cedar Lee Meadowbrook project, clearing the way for construction to commence in the coming weeks. It’s the second major project for the Indianapolis-based developer in the eastern inner-ring suburb of Cleveland.

Half of Bulkley Building to be residential

By Ken Prendergast / March 17, 2023 March 21, 2023

A significant building in downtown Cleveland’s theater district is proposed to undergo a transformation that would convert nearly half of the structure to residential and add a high-profile office tenant. The Bulkley Building, or simply The Bulkley, 1501 Euclid Ave., is not only owned by the Playhouse Square Foundation but is also the site of the foundation’s offices.

Cleveland adds fewest apartments among major metros

By Ken Prendergast / March 16, 2023 March 16, 2023

New data from a leading North American real estate services firm shows that Greater Cleveland had the smallest number of new apartment units under construction in the USA in the fourth quarter of 2022. That snapshot of construction activity in America’s multi-family rental market shows that, not only is Greater Cleveland lagging way behind the nation’s largest metropolitan areas in adding new apartments, it’s also lagging behind many of its peer metros. The report comes as the City of Cleveland considers reducing its financial incentives for new developments.

Cleveland Habitat for Humanity opens first union-built home

By Emma Wind / March 15, 2023 March 16, 2023

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.

Casket maker brings factory to life

By Ken Prendergast / March 11, 2023 March 15, 2023

Construction permits were filed this week with Cleveland’s Building Department to retrofit a west-side factory so Victoriaville & Co. of Victoriaville, Québec, Canada can open its first manufacturing operations in the USA. The plant will manufacture what’s called “death care merchandise” — namely caskets and urns in what is a growing market as the oldest Baby Boomers approach 80 years of age.

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