NE Ohio real estate news by location
In the 1990s, the Greater Cleveland Regional Transit Authority was considering extending the Red Line into Berea. Planners touted the economic development potential of the rail line. So a group of elder Berea residents who apparently hadn’t ever ridden the Red Line before took a driving tour of the areas around some of the existing Red Line stations.
Read MoreCleveland transit-oriented development gains traction-Part 1 Read More »
Development of the largest shovel-ready industrial/warehousing sites in the City of Cleveland aren’t attracting much private-sector interest despite Cleveland’s low prices. Meanwhile, inner-ring suburbs offering large parcels that are almost shovel-ready are having greater success in drawing private sector interest and potentially thousands of jobs from significant planned developments.
Read MoreCleveland markets its new industrial sites Read More »
The next month may be very busy with Downtown Cleveland construction announcements. As a follow-up to my recent posting The Cleveland Skyscraper Building-Binge Starts, it appears that three projects will be making news very soon. One project is a surprise.
Read MoreBusy month: 3 big downtown Cleveland projects? Read More »
After 40 years, Euclid Square Mall is destined to be physically replaced by the latest thing in retailing — E-commerce. The mall, having closed Sept. 19, 2016 after years of limping along with two dozen churches as its remaining tenants, is vacated and officially condemned by the city for safety violations. Euclid Square Mall had succumbed to the changing retail market and population shifts long ago.
Read MoreBye, Euclid Square Mall; hello Amazon? Read More »
Construction workers will begin building in August The Beacon apartment tower at Euclid Avenue and East 6th Street in downtown Cleveland. But that’s just the start. Those of us who like to see construction cranes over downtown will probably enjoy the skyline view for the next decade or so.
The reason is that the 28-story Beacon apartments by Stark Enterprises is likely to be the first of many new large buildings to rise downtown. How many is “many”? It could be as few as three or four and as numerous as 10.
Read MoreThe Cleveland skyscraper building-binge starts Read More »
During LeBron James’ playing time in Miami, residents and visitors to Cleveland got a brief insight as to the headquarters location of one of this city’s most successful and enduring corporate citizens. However, the street address of that company could soon change and in a very visible way.
Read MoreDowntown Cleveland’s next office tower is in the works Read More »
The pace of investment in America’s cities has been one of the remarkable stories since the end of the Great Recession. There are few places where that investment is more evident than in Greater Cleveland which in 2014 ranked ninth in the nation in total new construction jobs (not percentage of change).
Read MoreCleveland ready to scrape the skies more Read More »
To anyone who follows real estate development news closely, you are allowed to be surprised by the scale and intensity of development occurring in the cores of our largest cities. And one of the biggest turnarounds anywhere in the USA is occurring in Cleveland.
Read MoreCleveland’s urban core only starting to reawaken Read More »
Many older office buildings in downtown Cleveland are getting converted to apartments and other uses. So many that ALL of the vacant office space may soon be gone — and then some. So many that the time for constructing one or more major new office towers in the central business district is fast approaching.
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If it looks like a big real estate development and sounds like a big real estate development, it probably will be a big real estate development.
That’s what a spate of real estate transactions in recent months suggest for an urban enclave close to downtown that’s neither an island or named after ducks. (Some claim it’s named for criminals who used to duck and hide here from the law).
It’s time to stop ducking Duck Island Read More »
