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Cleveland development: what to look for in 2024 — University Circle

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Back when Cleveland was an industrial powerhouse, few wanted to live near its dirty, noisy industries. Today, its largest source of employment is the education and health services sector — a cleaner industry to which it’s attractive to live within a short walk or bike ride. It is centered in and near University Circle, surrounded by long-neglected neighborhoods. But investment has been coming into those places — Hough, Fairfax, Glenville, Cleveland Heights’ Top of the Hill, and East Cleveland’s Circle East — bolstering them as neighborhoods of choice.

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Cleveland development: what to look for in 2024 — Downtown

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For many in the real estate investment community, 2023 was the year when few new big projects were financed. The projects that were already financed under better, prior market conditions saw their construction advance, making the real estate landscape appear rosier than it really was. Now, however, as we enter 2024, there is a light at the end of the tunnel with developers already reviving or making new plans.

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Record Rendezvous building among historic renovation awards

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An historic building in Downtown Cleveland that housed Record Rendezvous, where the term “rock and roll” was reportedly first used to describe the genre, was awarded tax credits to aid in its restoration. It was among dozens of historic buildings across the state that were awarded credits today by the Ohio Department of Development.

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East 105th: What difference a decade makes

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For many Greater Clevelanders and visitors, they now enter the Cleveland Clinic’s Main Campus and the University Circle area on the new Opportunity Corridor Boulevard. But few people traveled on the East 105th street portion before the boulevard was completed in late-2021. Today’s commuters and visitors may not have a full appreciation of how much the scenery along their commute or visits have changed in less than a decade.

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Largest Hough development in a century

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The largest planned, single development in a century is proposed for Cleveland’s Hough neighborhood by reutilizing the huge site of the closed Martin Luther King Jr. High School, 1651 E. 71st St. On that 11-acre property bounded by Hough and Lexington avenues plus East 71st and 73rd streets, 310 housing units and two divisible commercial spaces are planned as part of a neighborhood destination.

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Plaza sought atop Ohio City Red Line station

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In Cleveland’s Ohio City neighborhood, the Greater Cleveland Regional Transit Authority (GCRTA) and a private developer will seek federal funding for a bridge cap over the Red Line transit tracks, West 25th Street train station and the Red Line Greenway to improve pedestrian connections to existing and future developments. GCRTA’s board on Tuesday will vote on a staff recommendation to authorize the pursuit of funds to plan for and construct the bridge cap to support a pedestrian plaza and provide a second stairwell/elevator entry, called a station head house, to the rail station below. GCRTA’s board typically approves staff recommendations.

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Input sought for Watterson-Lake development

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At a recent community input meeting, a basic concept was revealed for redeveloping the former Watterson-Lake School site on Detroit Avenue, between West 74th and 75th streets in Cleveland’s Detroit-Shoreway neighborhood. The design concept, called a massing, suggested a mixed-use, mixed-income development offering 112 apartments in a five-story building set back from Detroit, 12 rental townhomes, retail and small business incubator spaces fronting Detroit, plus community and park spaces.

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CSU narrows finalists to develop Arena

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Four finalists were invited by Cleveland State University (CSU) and its development arm Euclid Avenue Development Corp. (EADC) to submit proposals to build, at minimum, a new multi-purpose arena for the university. In addition, their proposals could also include a parking garage and mixed-use district of housing and shops that were proposed as part of its $650 million campus master plan unveiled last year. The arena, parking deck and mixed-use district were all proposed to rise along Payne Avenue, just west of Interstate 90 in downtown Cleveland.

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