If it seems like there’s been a sudden increase in real estate development projects in Cleveland lately, you’re not alone. And last week, the city’s Building Department received applications for zoning reviews and eventual building permits of three decent-sized projects — in one day.
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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.
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All three major league sports teams in Cleveland have real estate development plans for downtown Cleveland. They are some of the grandest visions that have been put out there.
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Detroit-based Bedrock reportedly has a purchase agreement with Sherwin-Williams (SHW) to acquire its soon-to-be-vacated research and development complex along the Cuyahoga River in downtown Cleveland.
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An aging but mostly full office building in downtown Cleveland has hit the market at the request of its court-appointed receiver. The 57-year-old IMG Building, 1360 E. 9th St., may be approaching the end of its nearly three-year-long foreclosure case in Cuyahoga County Common Pleas Court.
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Yesterday, Cleveland’s City Planning Commission unanimously tabled a request by the Ohio Department of Transportation (ODOT) for consent to construct improvements to the Central Interchange, where Interstate 77 ends and connects with Interstate 90 in downtown Cleveland.
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Developers hope to start construction in spring of a high-rise in Cleveland’s Ohio City neighborhood despite missing out on a so-called megaprojects tax credit from the state earlier this month.
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If you don’t know what you’re looking for, you could drive right past the new $300+ million Sherwin-Williams (SHW) headquarters tower and not even know it.
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Surrounded by the waters of the crooked Cuyahoga River, The Pine may grow on the Cleveland Flats’ Columbus Road Peninsula. The Pine, in this case, is a 45-unit mixed-use development that is nurtured by its proximity to not only the river, but by new parks and boardwalks intended to increase public access to water.
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Today, the five-member Ohio Tax Credit Authority board awarded $100 million in tax credits to Transformational Mixed Use Developments (TMUD) to 13 applicant projects throughout Ohio. Of the 42 projects statewide and nine from Greater Cleveland that were submitted for credits, four received a total of $53 million in funding.
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