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NE Ohio real estate news by location

Cleveland is rising up in the O-Zone

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Last week I sat in a small conference room with nearly a dozen real estate developers and investors planning a cool new project in Cleveland’s urban core. I was there to add my two cents on a transportation access component of that project. Seated in the corner of the room was another guy, representing a lending institution that provides equity from one of the many fast-growing Opportunity Zone Funds.

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Developers discover Midtown’s other axis

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Much of the rebuilding in Cleveland’s Midtown, between downtown and University Circle, has focused along the parallel east-west roadways of Euclid, Carnegie and Chester avenues. But the primary north-south axis, East 55th Street, is largely devoid of similar development activity. That’s true even where East 55th intersects Euclid, Carnegie and Chester.

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Hingetown, Cleveland’s hottest development hotbed

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Hingetown, that little enclave within a neighborhood within a city seemingly couldn’t be growing any faster than already it is. No matter where you stand in Hingetown these days, you’re either standing next to a 21st-century real estate development, across the street from one or you can see one less than a block away. Increasingly, in Hingetown, you’re surrounded by projects.

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USL Cleveland soccer stadium site chosen

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For 30 years, a forlorn spit of land south of the Inner Belt highway in downtown Cleveland has been eyeballed by different people for different types of sports stadiums.
Now, the latest and perhaps most realistic stadium effort has reportedly targeted land owned by the ODOT for a 5,000-plus-seat United Soccer League venue. That’s according to two sources, one a major local developer and the other a Cleveland building and construction trades representative.

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Ohio City manufacturer bucks housing trend

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A stretch of Detroit Avenue in Cleveland’s Ohio City neighborhood, once known as Mariners’ Row for its many boat dealers and boating stores, is quickly becoming home to a number of mid-rise apartment buildings. From The Quarter, Federal Knitting Mills, Mariner’s Watch, Edge 32, to the latest and largest project yet — Church + State — more than a dozen blocks of Detroit Avenue next to the West Shoreway (now Edgewater Parkway) are lined with apartment buildings from four to 11 stories tall.

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New HQ may land on Scranton Peninsula

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With roughly 80 acres of land, Cleveland’s Scranton Peninsula is practically a blank canvas for a developer to pursue their SimCity dreams along a navigable waterway in the heart of a major city. And someone has just planted a big flag on Scranton Peninsula, the largely vacated expanse of land nearly surrounded by the Cuyahoga River a mile south of Public Square.

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Columbus Road TOD coming into focus for Duck Island

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Today, the Greater Cleveland Regional Transit Authority (GCRTA) announced its staff recommendation for who should develop its Duck Island property along Columbus Road south of the Ohio City Red Line rail station. The GCRTA Board of Trustees still must decide whether to approve that recommendation. The proposed team and design may be intriguing to many.

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