Canal Road

Bedrock to add steam plant site to Riverfront plans

If you like what Bedrock Real Estate has planned for its huge Riverfront Development in Downtown Cleveland, expect more of it at the site currently occupied by closed Cleveland Thermal steam heating plant, 2274 Canal Rd. That’s what public records reveal in the application for Ohio Brownfields Program funding that was awarded last week. But not all of the steam plant may be affected.

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Downtown Cavs/Clinic facility groundbreaking set

Final approval is expected tomorrow by the City Planning Commission of designs for the proposed Cleveland Clinic Global Peak Performance Center featuring the Cleveland Cavaliers’ new practice facility and the Clinic’s sports health/wellness programs. But how do we know approval is expected? Because the groundbreaking ceremony for the new center has been set for the week after next.

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Cleveland, Bedrock seek $1 billion for riverfront development

City Planning Commission today voted unanimously to recommend that City Council approve a 45-year, project-specific tax-increment financing (TIF) deal with Bedrock Real Estate to generate $400 million for infrastructure to support Bedrock’s $3.5 billion riverfront development. This would create a second, albeit smaller TIF district downtown to support major waterfront and urban core improvements.

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New Downtown Cleveland Clinic, Cavs center to see groundbreaking by year’s end

Today, the Cleveland Cavaliers, Cleveland Clinic and Bedrock Real Estate revealed the first official renderings of the Cleveland Clinic Global Peak Performance Center. Pending city approvals, groundbreaking on the Cleveland Clinic Global Peak Performance Center is anticipated before the end of 2024.

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Cavs, Clinic confirm downtown move

In a formal announcement made today, the Cleveland Cavaliers, the Cleveland Clinic and Bedrock Real Estate officially unveiled a partnership for and conceptual plans of the Cleveland Clinic Global Peak Performance Center – a first-of-its-kind sports performance center and training facility. Proposed plans include the development of an interdisciplinary training center which would be located on the Cuyahoga River’s waterfront in downtown Cleveland. The center would be the only Cleveland Clinic-backed professional facility to be open to the public.

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Bedrock buys SHW HQ, R&D for $48.5 million

Newly available public records show that Bedrock Real Estate of Detroit paid $48.5 million total for Sherwin-Williams’ soon-to-be-vacated Landmark Building and John Breen Technology Center, both in downtown Cleveland. Although the sale of those properties closed last week, their sale amounts weren’t public available until today. The Landmark Building is currently Sherwin-Williams’ global headquarters and the Breen Technology Center is the global coatings giant’s primary research and development (R&D) facility for another year or so.

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Bedrock riverfront offices draw tenants

Because of their cost and complexity, Downtown Cleveland megaprojects don’t usually have a strong track record of becoming a reality. But Bedrock Real Estate’s vision for the downtown riverfront between Tower City Center and the Cuyahoga River appears to be coming together more quickly as time goes on. And, in recent weeks, NEOtrans has learned that several large tenants are in the works for the major development.

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Bedrock riverfront phase 1 uses ID’d

Plans for Bedrock Real Estate’s riverfront development alongside Tower City Center in downtown Cleveland are rapidly coming together after recent city approvals of its development masterplan. Those plans, albeit still at a conceptual stage, provide insights into Bedrock’s desires and thinking about what land uses it wants to include in its first phase. From those plans and other new information, it appears that the uses to be included are primarily ones that Bedrock’s owner Dan Gilbert can control.

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