NEOtrans business, development, real estate, construction and market trend news from the East side of Cleveland
It’s not Italy’s Leaning Tower of Pisa, but La Barberia University Spa, 12115 Mayfield Rd. in Cleveland’s Little Italy, has an obvious eastward lean to it. In fact, the only things keeping the 126-plus-year-old building from tipping into the Tavern of Little Italy next door are some support posts and an enclosure for an automated teller machine.
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Seeing the $300 million Circle Square development back on Cleveland’s City Planning Commission’s docket again is great news for University Circle and the region. At the start of summer, it was uncertain whether the massive project would see the light of day again, or at least in so ambitious a scale.
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Demolition crews hired by the Cleveland Clinic Foundation appeared this week along Chester Avenue between East 89th and 90th streets to begin tearing down three solid structures with a long history of charitable service in the city.
The structures — including two historic, converted houses — were part of the ORCA House’s rehabilitation center for adults suffering from addictions. The demolitions appeared to be a rush job, even though a Cleveland Clinic spokesperson said the large health care system has no plans for developing the property.
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After months of planning, a mixed-use development is gaining traction on Cleveland Clinic Foundation-owned land on the Opportunity Corridor. The development is an effort to capitalize on the $306 million transportation investment, support the Greater University Circle Initiative and serve a growing residential population nearby.
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Plans were submitted to Cleveland’s Department of Building and Housing for an Amazon Delivery Station offering at least 200 jobs to be located at 400 Heidtman Pkwy. in the Industrial Valley next to Cleveland’s Slavic Village neighborhood. However, not everyone at the city who was informed of the plans realized it was for Amazon – unless they read the fine print.
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Demolition and site preparation work got underway earlier today to clear the way for the 44-unit Baricelli Inn Apartments in Cleveland’s Little Italy neighborhood. The project has traveled a long road to get to this point but is finally moving forward.
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One thing’s for certain — the Coronavirus pandemic hasn’t slowed the rapid spread of plans for high-rise towers in Cleveland.
The latest is a proposed 19-story, $60 million Dream Hotel proposed to rise alongside the Masonic Temple, 3615 Euclid Ave. The project was announced today by investor Beaty Capital Group of Fort Smith, AR.
Proximity to the Great Lakes has long been a real estate selling point. For much of Cleveland’s history however, access to Lake Erie centered on industrial development. But in the post-industrial era, being close to the lake means attracting investment in recreational and residential uses.
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When Pennrose LLC won a $1 million tax credit allocation this week from the Ohio Housing Finance Agency for the redevelopment of the Warner & Swasey factory, it not only boosted the project’s development prospects, it also boosted Midtown’s.
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A significant, multi-phase residential development is proposed on the border of the Hough and Fairfax neighborhoods, in the vicinity of Chester Avenue and East 75th Street. It and other developments represent a continued spillover effect from booming employers and residential investments in neighboring University Circle.
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