Construction

City Club tower tenants announced

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Detroit-based City Club Apartments, a 104-year-old private real estate owner, developer and operator, held a Topping-Off event today on the 18th floor of its 23-story City Club Apartments-Cleveland mixed-use apartment and penthouse community. Mayor Justin Bibb and City Club Apartments Chairman and CEO Jonathan Holtzman were among the speakers at the event that celebrated the construction milestone, opening of the residential pre-leasing center nearby at 313 Euclid Ave. and the announcement of four café/restaurant/bar venues at the new 250-foot-tall tower.

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Seeds & Sprouts XXIX – CSU to start arena plans, Downtown garage demo, Olde Cedar’s replacement

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Cleveland State University is about to start work on plans for a new arena, a downtown parking garage will be demolished — for a parking lot, and one of the oldest public housing projects in the USA along with the old juvenile justice center will be demolished for a mixed-income housing complex.

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Bibb appoints interim director

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Less than a week after Tessa Jackson left her post as Cleveland’s economic development director, Mayor Justin Bibb has found a replacement — at least temporarily. This morning, Bibb named Terri Hamilton Brown as the city’s interim director of economic development. She was sworn in and began work today following the departure of Tessa Jackson on June 15. The city expects to open the application process for the permanent position later this week.

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Erieview Tower project gains potent partner

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Despite recent departures from the project, development team members assured NEOtrans that the $100 million redevelopment of the Tower at Erieview in downtown Cleveland is still going forward. A big reason why is because the development team has gained a potent new member — an influential Cleveland-based law firm tied into active developer TurnDev and its financing arm TurnCap.

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Bedrock riverfront offices draw tenants

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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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Erieview Tower redo faces setbacks

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Despite winning $23 million in tax credits to enable a $100 million historic and transformational redevelopment of the Tower at Erieview, two major proposed tenants are reportedly backing out of the project. Conversion of the 1964-built, 40-story office tower and its Galleria mall, 1301 E. 9th St., into a mixed-use complex could be facing an uphill climb with the apparent withdrawal of a luxury W Hotel and co-working chain Industrious.

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A dozen high-rises in the works downtown

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Last week, NEOtrans wrote about three high rises in a single development — the first phase of Bedrock’s riverfront site — that could see construction start by this time next year. But that is by no means the only downtown high-rise development in the works. NEOtrans is aware of 13 high-rise projects of 10 stories or more in various stages of development, not including those already under construction downtown. This inventory includes only potential new-construction high-rises, not major renovation projects like The Centennial, redevelopment of the Rose Building and others.

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BofA: they’re coming to Cleveland

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Another leading indicator of potential population growth in Greater Cleveland was published this week by Bank of America (BofA), one of the nation’s Big Four banking institutions, serving more than 10 percent of all bank deposits of the United States. In a BofA June report, it put Greater Cleveland among the top metro areas benefitting from pandemic-instigated domestic migration trends, with its positive inflow-over-outflow rate ranking up there with the likes of Austin, Tampa, Orlando and Dallas.

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