It’s not often that a 4.2-acre canvas in the heart of a busy central business district can be marketed to investors. But that’s what a swath of property in Downtown Cleveland’s Warehouse District can offer now that the Rockefeller Building is back on the market. And the larger property offering allows the Rockefeller to potentially be sold at a discount.
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Two parks in Cleveland are due to expand thanks to contributions of land by the Greater Cleveland Regional Transit Authority (GCRTA). The two parks involved are the Cleveland Metroparks’ Rivergate Park in the Flats near Downtown Cleveland and Hillside Park in the Kinsman neighborhood on the city’s East Side.
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Starting in May 2028, Cleveland’s new Womens National Basketball Association (WNBA) team will begin playing in Downtown Cleveland at Rocket Arena. The expansion team will play half of its 44-game schedule at home and, if attendance is at least near the league-wide average, will help soften the impact of the Cleveland Browns football team moving from downtown to suburban Brook Park the following year.
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Cleveland City Planning Commission today approved designs for a 55-unit affordable senior housing development in Cleveland’s Hough neighborhood. While that isn’t such a big story anymore, given the heightened pace of investment in this former poster child enclave of urban decay, it is when you consider the plans for this project were submitted to the city only in May.
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Three years ago, a team led by Beachwood-based Property Advisors Group (PAG) planned to build a large residential development at 8400 Lake Ave., overlooking Edgewater Park in Cleveland’s Detroit-Shoreway neighborhood. But with construction costs and interest rates rising, the timing wasn’t right. While costs are still high, the city’s new form-based zoning code may make a scaled-down project achievable and in a timely manner.
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To meet the growing demand for patient care on Cleveland’s west side, a growing Cleveland Clinic announced plans to significantly expand both Avon Hospital and Richard E. Jacobs Family Health Center. The $340 million project would nearly double the size of the campus, which is located just north of the Interstate 90-Nagel Road interchange in Avon.
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Officials from the Port of Cleveland have signed a strategic agreement with those of Shannon Foynes Port Company (SFPC), Ireland’s second-largest port operator, to strengthen trade ties and unlock new business and economic opportunities between the Great Lakes region and Europe.
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A downtown is a horrible place for a National Football League (NFL) stadium. It’s why half of the 32 NFL teams don’t play their home games at downtown-based venues. And when the Cleveland Browns leave downtown for suburban Brook Park, it will be Downtown Cleveland that gains the most from their move, not Brook Park. The reasons for this are many.
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A small piece of land in University Circle with big possibilities is being offered for sale or redevelopment in partnership with the current owner, Rico Pietro, a well-known local real estate broker. But no construction is imminent as the current user, a contract ambulance service for Cleveland Clinic, is only halfway through a 10-year lease on the site.
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Perhaps as early as Monday, affordable housing developer Pennrose LLC of Philadelphia will get a deed and the keys to the hulking mass of brick. concrete, steel and memories that is the Warner & Swasey Co. factory, 5701 Carnegie Ave. The hope since 2018 has been to turn this long-vacant site into affordable housing. But if money was as abundant as hope for this property, its redevelopment wouldn’t have experienced a new, $2 million setback.
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