apartments

Year-round beer garden planned for Ohio City

A long-vacant gas station and underutilized historic building at the southwest corner of Lorain Avenue and West 38th Street is proposed to become a near-west-side expansion for Noble Beast Brewing Co. But this wouldn’t be another brewpub in Cleveland’s Ohio City neighborhood. Instead, if realized, it would be the neighborhood’s first year-round beer garden.

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Warehouse District megaproject site offered

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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Hough senior housing tests first new zoning in 96 years

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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Development near Edgewater Park revived

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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Sinito walks away from running Millennia

Frank Sinito Sr., founder of Millennia Companies, has stepped away from managing the day-to-day business of one of the nation’s largest owners and managers of affordable housing properties. In announcing this and other leadership changes, the company said it will be selling off parts of its affordable housing portfolio and expanding investments into market-rate housing.

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University Circle site offered for mid-rise apartments

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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Warner & Swasey faces $2M gap, needs help

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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