A foreclosure case involving Downtown Cleveland’s second-largest building by floor area could conclude by the end of the year if there are no more hiccups until then. That possibility resulted from a U.S. District Court judge granting the current owner time to close on financing to rejuvenate the building, recently called The Centennial, 925 Euclid Ave.
A 19th-century building that’s not been treated very well for the past six decades may soon get the roughest treatment of all — demolition. That’s according to a permit application submitted today to the city’s Building Department.
As promised last year, the Cuyahoga Land Bank has issued a Request For Proposals (RFP) for vacant properties it acquired along both sides of East 185th Street commercial corridor. The street straddles the border between the cities of Cleveland and Euclid.
A master plan for guiding commercial, residential and recreational development for the recently announced Midline Business District envisions more than 2,500 good-paying jobs among 1.5 million square feet of development at up at 21 sites on the city’s near-East Side.
A foreclosure auction due to be held today for Downtown Cleveland’s second-largest building by floor area will be delayed by one week at the request of a U.S. District Court-appointed receiver to “maximize the value and recovery of the property” at 925 Euclid Ave.
While the newly topped-out Naia Noir apartment tower may be the tallest residential development Cleveland’s Detroit-Shoreway neighborhood sees for a little while, plenty of shorter — but nearly as impressive — new construction projects are following close behind.
The timetable for the remake of Downtown Cleveland’s lakefront is starting to come together. That includes not only the start of demolition of infrastructure for the new Shoreway boulevard but also for the clearance of Huntington Bank Field to offer a development-ready site.
In a market filled with for-rent options, a commercial condominium development hopes to offer a new choice for new-start and growing office and industrial users in Greater Cleveland.