From Downtown Cleveland to the suburbs to outlying cities in Northeast Ohio, nearly a dozen planned redevelopments of aging buildings were blessed with historic tax credits from the state. They were among 35 awards totaling more than $68 million to preserve dozens of historic buildings in 12 communities across Ohio.
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In a strategic collaboration that allows Cleveland’s urban gems to shine in a new light, Spark GHC and Cleveland Construction today announce a groundbreaking joint venture. Project Scarlet represents a significant commitment of $100+ million to transform a 400,000-square-foot office space, formerly Medical Mutual’s headquarters, into a dynamic mixed-use development.
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With a certificate of occupancy in hand and leasing to start in two weeks, The Bell, 45 E. 9th St. in Downtown Cleveland, will be the subject of an online auction scheduled for next month. The auction is intended to make available a portion of the interest in a general partnership that owns the office-turned-residential building.
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Another big, old vacant factory in Cleveland has been knocked down. But this five-story factory, the former Ferry Cap & Set Screw Co., 2151 Scranton Rd. in Tremont, was recently the subject of a redevelopment plan. Its demolition by the owner/developer and the lack of a submitted plan for the site’s reuse is an intriguing turn of events.
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Two major, multi-family residential projects, one in Cleveland and the other in Mayfield Heights, got their financing packages approved today by the Cleveland-Cuyahoga County Port Authority. About $47 million in revenue bonds were approved for the two projects which represent a combined investment of $65 million.
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For more than 15 years, the landmark Northern Ohio Blanket Mills, 3160 W. 33rd St., sat empty and decaying. But this summer, following a $30 million renovation, residential and commercial tenants are moving into the 19th-century factory in Cleveland’s Clark-Fulton neighborhood that was once the country’s largest manufacturer of woolen horse blankets and carriage robes.
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Today, CBRE Cleveland announced that is listing the 23-story 800 Superior office tower in Downtown Cleveland for sale and said one of the property’s largest tenants, National General Insurance likely will not renew its lease at the building when it expires in two years. Meanwhile a spokesman for insurer AmTrust Financial, which is the building’s other large tenant, said it intends to stay at the building. Both companies have naming rights on the building.
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The latest in a series of properties at the northwest end of Cleveland’s Clark-Fulton neighborhood is in play for possible redevelopment. The former Platform Brewery, 3506 Vega Ave., hit the market today after the microbrewer ceased operations in February following its acquisition in 2019 by Anheuser-Busch.
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Spring time is the busiest time of the year for home shopping. That’s when most prospective buyers are out looking for new places to live and, under normal circumstances, it’s when most homeowners list their properties for sale. But these are not normal times in the housing market, especially in Greater Cleveland.
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An historic apartment building set near one of the west side’s most important intersections is proposed to get a major renovation by its new owner. The Denison Manor Apartments, 3206 W. 100th St. in Cleveland’s West Boulevard neighborhood, could get its interiors completely rebuilt to offer larger, more marketable, subsidized apartments. But work reportedly began without securing the proper permits and the city ordered the work halted.
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