development

Cleveland suburban office market ‘bloodbath’

The numbers are downright ugly. High office vacancy rates and even higher availability rates exceeding 20 percent owing to a big jump in office spaces available for sub-lease. Numerous Class A office buildings are for sale with few if any interested buyers. For those in a buying mood, their lowball interest may be only for the land to hold for a possible conversion to new uses or for the hopes that better days may return to the office market — someday.

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Downtown Cleveland’s recovery accelerated in 2023

In a data-heavy report released today, Downtown Cleveland, Inc. (DCI) outlined its achievements in continuing the recovery of Cleveland’s business and hospitality center and one of Cuyahoga County’s fastest-growing residential areas. The data, contained in the 2023 Downtown Cleveland Economic Development Report, says the recovery of Cleveland’s central business district is outpacing that of its peer cities in Ohio and the Great Lakes region.

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New design for Cleveland Shoreway tower OK’d

A desire to make a proposed residential tower overlooking Cleveland’s Edgewater Park more viable produced a design that won for it more praise from a city review panel. The proposed 13-story Shoreway tower grew from 95 apartments to 112 and shrunk its floorspace from 204,400 square feet to 140,000. In so doing, its grid-like exterior gained an intentionally distorted and sculpted appearance that earned it unanimous praise.

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Hamilton Brown, Niro to lead St. Clair-Superior CDC

A well-known name in Cleveland development circles this week has lost the “interim” prefix to her job title as executive director of the St. Clair Superior Development Corporation (SCSDC) in Cleveland. Not only did Terri Hamilton Brown become the Cleveland neighborhood’s new permanent director, Michael Niro was named chair of the development corporation’s board by unanimous board votes, announced today.

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Skyline-from-Stonebridge

Streetcar deck of Detroit-Superior Bridge wins $7 million for bike/ped path

Cuyahoga County won $7 million in federal funds today for the reactivation of the streetcar deck of Detroit-Superior Veterans Memorial Bridge linking Downtown Cleveland and Ohio City. But instead of bringing back streetcars for the first time in 70 years, the funding would start planning for permanently reopen the deck as a pedestrian-bike path protected from rain, snow and fast-moving cars, trucks and buses on the roadway deck above.

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Cleveland, other climate havens win Bloomberg bucks

Cleveland was selected today by Bloomberg Philanthropies as one of 25 U.S. cities to join Bloomberg American Sustainable Cities (BASC) and be the recipient of $200 million divided roughly equally among them. BASC is a three-year initiative designed to leverage historic levels of federal funding to incubate and implement transformative local solutions to build low-carbon, resilient, and economically thriving communities.

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Adding ridership generators to the Waterfront Line

Over the next two months, a Cleveland State University study will identify untapped lands in Downtown Cleveland along the inactive light-rail Waterfront Line and consider how to encourage their development for the benefit of the lakefront and the transit line. The findings could ultimately be incorporated into the city’s lakefront plan which has yet to be finalized.

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Elections board to the ex-Plain Dealer building?

While not as controversial or as impactful as the county’s pending moves of its consolidated jail or courthouse facilities, the new site of the Cuyahoga County Board of Elections (BOE) could boost its new surroundings. With up to 200 permanent employees, hundreds more at election time and many more visitors for early voting, the positive and negative impacts on the BOE’s new surroundings could be significant.

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