NEOtrans business, development, real estate, construction and market trend news from the West side of Cleveland
On Monday, the City of Cleveland’s Board of Zoning Appeals (BZA) overturned a rejection by City Planning Commission of plans for building 11 market-rate townhomes at a vacant lot at 4705 Bridge Ave. in the Ohio City neighborhood.
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This is the Twenty-Second edition of Seeds & Sprouts – Early intelligence on Cleveland-area real estate projects.
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Combine a tight apartment market in Cleveland’s urban core with a relatively large undeveloped property in Tremont and the outcome isn’t surprising. What is surprising is that it has taken this long for an 0.8-acre vacant property along Fairfield Avenue west of West 11th Street to get developed.
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One month ago, NEOtrans published news from two sources that NRP Group would reactivate its plans for a development with 300-plus residences on Scranton Peninsula in Cleveland’s Flats. Tomorrow, those plans are being presented to the City Planning Commission for final approval.
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Financing could be secured this spring for the redevelopment of the northwest corner of Pearl and Memphis in the heart of Cleveland’s Old Brooklyn. But a casualty of the investment would be the 119-year-old St. Luke United Church of Christ.
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This is the Twenty-First edition of Seeds & Sprouts – Early intelligence on Cleveland-area real estate projects. Because these projects are very early in their process of development or just a long-range plan, a lot can and probably will change their final shape, use and outcome.
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NRP Group appears to have had a change of heart about its decision to walk away from developing on Scranton Peninsula, according to two sources with direct knowledge of the company’s plans.
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A Lakewood real estate entrepreneur and construction contractor has acquired the vacant Brooklyn Masonic Temple, 3804 Pearl Rd., in Cleveland and plans to renovate it into a mixed-use building called the Lofts On Pearl. It remains to be seen if the project will live up to the Masonic purpose of making good men better.
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When people in Cleveland’s real estate sector heard Kan Zaman will open a new location on the east side of downtown, their immediate reaction was — are they vacating the old site in Ohio City for a new development?
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Great Lakes Brewing Co. has asked the city of Cleveland for permission to begin site preparation work prior to the expansion of brewing facilities on to Scranton Peninsula near downtown. A permit application submitted yesterday doesn’t reveal when the actual expansion work would begin, saying instead that the work would prepare for “future use” of the Flats site. However, the permit request hints structural construction for the expansion could begin in about six months.
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