development

North Coast development authority launched

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With updated plans for redeveloping downtown Cleveland’s lakefront steadily rolling in like Lake Erie’s waves, the nonprofit development corporation charged with funding and implementing those plans also is coming together. Today, Cleveland Mayor Justin Bibb announced the initial board of directors for the new North Coast Waterfront Development Corp. (NCWDC) and its chair, David Gilbert, CEO of Destination Cleveland and the Greater Cleveland Sports Commission.

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Old Aquarium razed for South Gordon Park plan

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After sitting empty and rotting away for nearly four decades, the old Cleveland Aquarium at South Gordon Park was finally demolished yesterday by contractors for the Cleveland Metroparks. The regional park system, whose long-term lease of this city-owned site took effect earlier this month, wasted no time in taking down the long-closed aquarium building. In the coming months, Metroparks officials said they intend to seek community input on how to improve South Gordon Park.

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Ohio City finance firm moving to the Flats

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Another significant office tenant with naming rights to their building is on the move — and shrinking. This time, it’s Cleveland-based financial planning firm Skylight Financial Group which is a general agency of Massachusetts Mutual Life Insurance Co. (MassMutual) in multiple Ohio cities. But unlike Ernst & Young (now EY) moving from one side of downtown Cleveland to the other, Skylight Financial will be leaving Ohio City’s Market District in 2024 for Scranton Peninsula in the Flats.

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North Coast plans updated, go public today

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In a virtual session held earlier today, the community got to see a refinement of plans for Downtown Cleveland’s lakefront that were first shared publicly in July, namely for the area near North Coast Harbor. The plans, showing stadium renovations, transportation investments and conversion of lakefront parking lots to year-round public uses, were developed and refined by a consulting team hired by the city and led by Field Operations, a public spaces design firm based in New York City.

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The Bell to ring people home in 2024

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At first, construction work at The Bell has a familiar ring to it. But this isn’t the usual conversion of a zombie office building in downtown Cleveland into residential or hotel uses. Instead, conversion of the former Ohio Bell Company headquarters, ongoing since July 2022, has been a different calling. What were once large, wide-open floors at the 16-story, 40-year-old office building have since been divided up into an average of 31 apartments per floor in the residential portions of the building at the southeast corner of Lakeside Avenue and East 9th Street.

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Cavs-Clinic Riverfront building is big, evolving

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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.

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Depot on Detroit plans at RTA station unveiled

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Conceptual plans for a new apartment building to be located just west of the West Boulevard rapid transit station in Cleveland’s Cudell neighborhood were submitted to the city this week. Called the Depot on Detroit, it’s the latest in a series of new apartment buildings planned, under construction or built recently near stations on Greater Cleveland Regional Transit Authority (GCRTA) rail and bus rapid transit lines. These transit-oriented developments are intended to address poverty by shrinking the spatial disconnect between jobs and job-seekers caused by urban sprawl.

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Browns add more land to Berea development site

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As the Cleveland Browns and their owners continue to acquire more property this month in suburban Berea, its mayor recently teased news of their potential, still-secret development to occupy that land as an “exciting opportunity” for the community. Meanwhile the city approved the demolition of eight more houses just west of the Browns’ existing headquarters and practice facility. That’s in addition to 24 homes and a church leveled so far for what sources said would be a mixed-use development featuring a hotel, Browns- and football-themed restaurants and shops, plus sports and recreation facilities open to the public year-round.

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Stark grounded as war erupts in Israel

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Greater Cleveland real estate executive Ezra Stark is grounded in Israel by the outbreak of war over the weekend, Stark confirmed to NEOtrans through a company spokesperson. He was scheduled to fly out Sunday but most airlines including all U.S.-based carriers have temporarily suspended flights to and from the Middle Eastern nation due to its worsening security situation following a surprise, massive attack Oct. 7 by the terrorist group Hamas.

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