It’s not a good situation when the two major commercial segments of the market — office and industrial — are both seeing sluggish times in terms of leasing activity. In fact, both sectors in Greater Cleveland saw tenants give back more space to the market than they absorbed due to some large, high-profile departures.
Read MoreCleveland Office, industrial markets dip in 2nd quarter Read More »
After two years of outward silence, redevelopment of the former Westinghouse plant is showing new signs of life. Those signs are in the form of updated plans for the project which have become public. The vacant Westinghouse plant is located at 1200 W. 58th St. in Cleveland’s Detroit-Shoreway neighborhood.
Read MoreWestinghouse redevelopment is ‘Back on track’ Read More »
In recent weeks, five major residential developments on Cleveland’s East Side are seeing substantial progress that could propel them to construction by the end of the year. And, 12-18 months thereafter, 537 new apartments, many of them with below-market rents, could be ready for residents to move in.
Read More537 apartments for Cleveland’s East Side get boost Read More »
After experiencing success with two other apartment complexes it built in recent years on Cleveland’s East Side, an Akron-based developer is pursuing a third. But each of the three developments by Signet Real Estate Group has used a different design approach,
Read MoreThree-building apartment complex planned on Euclid, Chester in Midtown Read More »
When sifting through the many development incentives in the state’s newly passed two-year budget, it becomes clear that a lot of Cleveland urban core projects are going to be eligible for them and potentially benefit from them. But, as we saw from a state program to aid megaprojects, a program will only benefit a region if there are projects and their sponsors in that region who will apply for them.
Read MoreCleveland developments to benefit from HB96 Read More »
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.
Read MoreYear-round beer garden planned for Ohio City Read More »
The Port of Cleveland board of directors today approved bonds for five major development projects in four communities across the region — Berea, Cleveland, Lakewood and Richmond Heights. The total investment from the developments in these communities exceeds $405 million.
Read MorePort OKs financing for Berea, Cleveland, Lakewood, Richmond Hts developments Read More »
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.
Read MoreWarehouse District megaproject site offered Read More »
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.
Read MoreHough senior housing tests first new zoning in 96 years Read More »
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.
Read MoreDevelopment near Edgewater Park revived Read More »
