Dan Gilbert – Page 2

Cavs-Clinic Riverfront building is big, evolving

Ken Prendergast / October 19, 2023

More illustrations were made publicly available this week, showing the large size of a new facility planned next to the Cuyahoga River in downtown Cleveland for the Cleveland Cavaliers’ basketball practice facility and Cleveland Clinic’s sports health-related medical services. Kansas City-based architectural firm Populous submitted the plans for what would be Bedrock Real Estate’s first new building in its ambitious $3.5 billion riverfront development to the City Planning Commission’s Design Review Committee.

Cavs-Clinic Riverfront building is big, evolving Read More »

Guardians to expand real estate holdings

Ken Prendergast / September 24, 2023

The Cleveland Guardians Major League Baseball (MLB) team is exercising an option on acquiring the second of two properties that were offered to it when the team extended its lease on Jan. 1, 2022 to play at Progressive Field for at least another 15 years, a city source said. The property it will acquire this time is the huge Gateway East Garage, 650 Huron Rd. East in downtown Cleveland for $25 million and could set the stage for a full or partial demolition of the 29-year-old garage for a “ballpark village” redevelopment.

Guardians to expand real estate holdings Read More »

Cavs, Clinic confirm downtown move

Ken Prendergast / September 21, 2023

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.

Cavs, Clinic confirm downtown move Read More »

Big-name downtown tenants are on the move

Ken Prendergast / September 18, 2023

Several major downtown Cleveland tenants are in the market for new homes and where they land could shake up the office market in the central business district. The moves come at a time when many companies are shrinking their office footprints and downtown office building owners are fighting to keep what tenants they have. Interestingly, several major tenants that are on the move are looking for larger space than what they have now.

Big-name downtown tenants are on the move Read More »

Bedrock to start riverfront work

Ken Prendergast / August 4, 2023

A company owned by billionaire Dan Gilbert has secured a permit from the U.S. Army Corps of Engineers for the reconstruction of bulkheads along the edge of the Cuyahoga River, a federal navigation channel. The approved work will be one of the first tangible pieces of Detroit-based Bedrock Real Estate’s huge Cleveland Riverfront Development Project.

Bedrock to start riverfront work Read More »

Bedrock riverfront offices draw tenants

Ken Prendergast / June 16, 2023

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.

Bedrock riverfront offices draw tenants Read More »

Astro to launch from a Hard Rock

Ken Prendergast / June 12, 2023

After sitting empty for seven years, the space at Tower City Center that housed Hard Rock Cafe in downtown Cleveland finally will have a new restaurant with a new theme, possibly as early as this September. But it took an invitation from Bedrock Cleveland to consider the site at 230 W. Huron Rd. before the new restaurant’s partners decided to splashdown there.

Astro to launch from a Hard Rock Read More »

Rock Ventures: First Detroit, now Cleveland

Ken Prendergast / January 24, 2023

Billionaire Dan Gilbert can ride up and down Woodward Avenue in downtown Detroit and admire his work like no one else can. He can point at buildings like a kid checking out baseball cards in a collector’s showcase and say “got it, need it, got it, got it…”

Perhaps he and his real estate company Bedrock might have the opportunity to do that soon in downtown Cleveland, too. And while Euclid Avenue is our main street like Woodward is Detroit’s, most of Gilbert’s acquisitions in Cleveland are along Prospect Avenue and Huron Road. There are some other differences as well, which may offer the opportunity for seeing some more construction workers and cranes in downtown Cleveland. Thankfully, Gilbert can count his properties and his blessings as he is almost fully recovered from a 2019 stroke.

Rock Ventures: First Detroit, now Cleveland Read More »

Bedrock’s big riverfront project is active

2 Comments / Ken Prendergast / April 10, 2022

There is increasing evidence that Bedrock Real Estate is advancing more quickly in developing its downtown Cleveland riverfront development vision despite earlier information that it would take a longer-term approach there. There simply is more visible activity happening there compared to a site in the Gateway District where real estate investments were reportedly in planning.

Bedrock’s big riverfront project is active Read More »

Gateway megaproject taking shape

1 Comment / Ken Prendergast / January 11, 2022

Cleveland Cavaliers owner Dan Gilbert along with potential Cleveland Guardians’ minority owners, partners David Blitzer and Josh Harris, are reportedly joining forces on two huge, coordinated real estate developments that would transform downtown Cleveland between its central business district and the Gateway sports facilities.

Gateway megaproject taking shape Read More »