Yesterday, a 16-unit townhouse complex on the east side of downtown Cleveland and built five years ago was sold to an out-of-state investor. The buyer, Milton Townhomes LLC, acquired the for-rent townhomes and their 0.4-acres of property for just under $6 million.
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In Greater Cleveland, there were nine TMUD applications for real estate development projects. Five are located in the city of Cleveland with one each in Shaker Heights, Lakewood, Elyria and Mentor.
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With more than two weeks to go before Sherwin-Williams (SHW) plans to hold a groundbreaking ceremony for its new global headquarters, construction materials began arriving today at the future HQ site in downtown Cleveland.
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A plan to enhance West 25th Street with dedicated bus and bike lanes plus new zoning and parking guidelines could make it a ‘complete street’ and spur more development along it.
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According to a filing submitted to the city of Cleveland yesterday, Sherwin-Williams has set the date for its headquarters groundbreaking ceremony — two weeks before the city is scheduled to possibly approve it.
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Growing enrollment at Cleveland State University may soon cause visible changes to downtown Cleveland’s landscape. According to two sources close to the university, CSU is in negotiations to acquire two large apartment properties that would allow it to more than double its inventory of on-campus student housing.
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Downtown Cleveland’s residential market is on fire based on the occupancy and average rental prices of major buildings, the pace of renting and the oft-debated population growth of downtown.
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The Cleveland Indians/Guardians may acquire the city-owned Gateway East Garage in 2024-25 and sell or partner with a real estate investor to redevelop it to help raise funds for Progressive Field’s renovation.
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The more things change, the more they stay the same. A century ago, the city of Cleveland was eager to work with the private railroads to replace its undersized, outdated lakefront train station with a glamorous new downtown terminal. The new lakefront station would be a key component of its ambitious Group Plan designed by Daniel Burnham to remake the central business district into a setting of beautiful public buildings built along a park-like mall.
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Cleveland Construction Inc. has established a permanent field office in downtown Cleveland — a sign of good times ahead for downtown construction.
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