Cleveland Clinic

Cavs’ practice facility marks start of riverfront transformation

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In 2021, Detroit-based developer Bedrock announced its plans to develop a long-neglected portion of the Cuyahoga riverfront with 35 acres of mixed-use development and green space. Phase 1A of the development involves the construction of a practice facility for the Cleveland Cavaliers in partnership with the Cleveland Clinic—here’s a current look at the progress so far.

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Progress Pics: Cleveland Clinic advances on largest-ever building

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The Cleveland Clinic is pushing closer to completion on a collection of new facilities across three different buildings. On Carnegie Ave between East 89th and 90th Streets, the one million square foot Neurological Institute has topped out with façade work nearly complete. Meanwhile, two medical research buildings at Cedar Avenue and East 100th Street have reached a similar stage of construction at the Cleveland Innovation District.

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Two new Hough developments sell for $30M

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In a $30.6M deal, a national real estate investment firm added 119 newly constructed apartments in Cleveland’s Hough neighborhood to its growing portfolio. New Jersey-based Reynolds Asset Management acquired Park Lamont, 9606 Lamont Ave., and The Lumos, 1866 E. 93rd St. Both are located a short walk or bike ride from jobs and classrooms in booming University Circle.

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Canon Healthcare buys Cleveland building for HQ

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Canon Healthcare USA, Inc., a subsidiary of Canon Inc., today announced its acquisition of an established building for its headquarters, adjacent to Cleveland Clinic’s main campus in Cleveland’s University Circle district. This purchase has been in the works for some time and NEOtrans had reported recent progress toward the deal earlier this month.

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First Interstate to renovate UC apartment building

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This summer, an aging but well-located building in the heart of Cleveland’s booming University Circle will get a needed refreshing to help it compete with new apartment buildings nearby. The University East Building, 11308-11330 Euclid Ave., will get that attention now that it is under the long-term management of a prominent local real estate developer.

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Downtown Lakewood project nears final approval

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To finally repurpose the site of the former Lakewood Hospital that was closed in 2016, plans for a proposed major development have one more hurdle at the city of Lakewood to clear before crossing the finish line. That last hurdle, City Council, will take up those plans next month. If they’re approved by the end of this year, construction could start by Spring 2025 on the $100-plus million development.

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New skyscraper planned for University Circle

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The development team for Circle Square, a district bringing more than one million square feet of mixed-use development to market in Cleveland’s booming University Circle, is about to introduce its latest addition to this booming district. And that addition, at the southeast corner of Chester Avenue and Stokes Boulevard, will challenge Circle Square’s The Artisan for the tallest building in Cleveland’s “second downtown.”

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