Trending development, economic & real estate news
Bedrock buys SHW HQ, R&D for $48.5 million
Newly available public records show that Bedrock Real Estate of Detroit paid $48.5 million total for Sherwin-Williams’ soon-to-be-vacated Landmark Building and John Breen Technology Center, both in downtown Cleveland. Although the sale of those properties closed last week, their sale amounts weren’t public available until today. The Landmark…
West 117th’s fast-food makeover
The sites of three fast-food restaurants in a short stretch of the Cleveland side of West 117th Street are about to get a new look. But only one of them isn’t going to be slinging its quick, cheap chow anymore. The other two will continue to offer fast…
Did city derail scenic railroad extension?
While helping Bedrock Real Estate acquire land for its downtown riverfront development, the city of Cleveland may have also “significantly harmed” nascent efforts to extend Cuyahoga Valley Scenic Railroad (CVSR) passenger trains north to downtown. That harm was the apparent result of the city releasing itself from a…
Slavic Village industry to get trucked
The Empire Plow Co. has been in existence for 183 years. Its factory in Cleveland’s Slavic Village neighborhood has stood for 136 years. But since it’s been vacant for four years, it’s likely to be demolished by the end of this year. And, according to the property owner,…
NE Ohio wins $26M in historic tax credits
An ambitious plan to redevelop the mostly vacated Park Synagogue, 3300 Mayfield Rd., and its 28 acres of land in Cleveland Heights was the big winner in today’s awarding of $50.56 million in Ohio Historic Preservation Tax Credits to 38 projects statewide. But Northeast Ohio overall did pretty…
Rebuild Cleveland to assemble new homes
A new company comprised of local real estate veterans intends to break ground next week on its first new home to address a shortage of quality, affordable workforce housing and to continue neighborhood stabilization efforts. But construction of that home, a modular, manufactured structure, is due to be…
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