NE Ohio real estate news by location
The latest word on the proposed $350 million nuCLEus development is that its partnership appears to be waiting on the Ohio General Assembly’s passage of a new financial incentive. That’s according to a source with the City of Cleveland. Others in the real estate investment community confirm that the project is on hold.
Read MoreNuCLEus may be on hold for years Read More »
A high-level source has identified that the Jacobs Group-owned lot on the west side of Cleveland’s Public Square, as well as a portion of the neighboring Weston Group-owned parking lots in the Superblock, are the favored location for Sherwin-Williams (SHW) new headquarters tower. And it is the preferred location for the coatings giant’s new research facility, as well.
Read MoreSherwin-Williams HQ, R&D sites identified Read More »
With just 35 minutes to go before an Aug. 13 meeting of the Ohio Air Quality Development Authority’s (OAQDA) board of trustees, representatives of Harbor Bay Real Estate Advisors thought their request for $150 million in 30-year bonds and a property tax exemption would be approved.
Read MoreMarket Square tax abatement isn’t the issue; it’s about control Read More »
Unless the economy does a crashing repeat of 2008 in the next 6-12 months, Sherwin-Williams (SHW) could make a significant announcement about its headquarters (HQ) as well as it research and development (R&D) facilities by the end of 2020. Even a modest economic downturn is unlikely to put a stop to a multi-year process that has already started.
Read MoreSherwin-Williams seeks builders for HQ + R&D project Read More »
Sources at two companies that do business with Stark Enterprises say that the $350 million nuCLEus development in downtown Cleveland isn’t going to be moving forward anytime soon.
One source says the project is on hold. The other says the project is dead. The reason why the project apparently has stalled isn’t completely clear.
Read MoreNuCLEus development stalls — again? Read More »
On Aug. 20, the Greater Cleveland Regional Transit Authority’s (GCRTA) Board of Trustees is expected to approve selling a chunk of Euclid Avenue land in Midtown to a Cleveland Foundation affiliate for future development.
The sale is the latest example of intensifying interest in rejuvenating this once-vibrant neighborhood that’s been relegated to pass-through status for more than 40 years.
Read MoreMidtown property sale designed to spur new development Read More »
Geis Companies reportedly is on an aggressive timetable to build a five-story, 31-unit condominium building in downtown Cleveland, eyeing a possible fall groundbreaking if it can get city approvals in a timely manner.
Read MoreCondos to rise at Avenue District this fall Read More »
A principal of the real estate development firm that was pursuing renovation and redevelopment of the Westinghouse Electric and Manufacturing Co., 1200 W. 58th St., confirmed that the firm has decided not to go forward with the project.
Read MoreIt’s official: Westinghouse redevelopment fizzles Read More »
Many of us don’t get to see the behind-the-scenes activity that developers go through in renovating old buildings. We get to see the work being done on the outside of buildings and, if we peer through the windows, we can see the construction work being done inside.
Read MoreWestinghouse, Blanket Mills conversions face adversity Read More »
The Michigan-based chain of City Club Apartments is nearly done amassing its capital stack for a proposed 22-story residential tower at 720 Euclid Avenue. The firm reportedly feels confident enough that it can close the small, remaining gap in financing to target “early 2020” for a possible groundbreaking date, according to two sources.
Read MoreCity Club tower nearly ready to rise on Euclid Ave. Read More »
