Cleveland East

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.

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.

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.

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.

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.

Historically, the area around Penn Square/East 55th Street was one of two “mini-downtowns” along Euclid Avenue east of the city’s central business district. Doans Corners/East 105th Street was the other, dubbed Cleveland’s Other Downtown.