If you were gathering up spare change in the hopes of buying The Lumen, Cleveland’s tallest residential building, you’re probably out of luck. The reason is that The Lumen’s owner, the Playhouse Square Foundation (PSF), is reportedly taking the 34-story apartment tower off the market. And it wasn’t just out of your price range. It was out of everyone’s range.
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The wide variety of top-notch, on-site amenities will probably be the first thing to grab your attention at 45 Erieview. But the unobstructed views of Lake Erie and downtown Cleveland from the tower’s unique curving, glassy façade will stay in your memories. With this week’s groundbreaking for the renovation and conversion of the former Ohio Bell headquarters building, 45 East 9th St., those features are just 14-16 months away from being enjoyed by hundreds of residents, office users and restaurateurs.
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While work has started on installing the tower crane at Sherwin-Williams’ (SHW) headquarters construction site, the timetable has been set for the next one to rise in downtown Cleveland. That second crane will appear at the work site for the City Club Apartments near the end of August, according a spokesman for Cleveland Construction Inc. Tower cranes are considered by some to be a visual indicator of a city’s economic growth.
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Often the biggest domino is the last one to fall. That’s the case in the Superior Arts District where one former warehouse/textile building after another is falling under the redevelopment knife and coming out with a new lease on life. The biggest of those old buildings is the Artcraft Building, 2530-2570 Superior Ave. and is proving to be the most difficult to get rehabilitated.
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Are you ready for some construction cranes, Cleveland? No, I’m not talking about the tower cranes that will rise next month above Sherwin-Williams’ new HQ west of Public Square or the crane soon to arrive over the City Club Apartments on Euclid Avenue. Those may be just the tip of the iceberg for downtown.
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A third source has now communicated with NEOtrans that the Cleveland Browns favor a new, retractable roof stadium built off the lakefront but in or near downtown. And this source is a high-ranking official within the National Football League team itself. Despite this, a team spokesman angrily denied the report and called the source “not credible.”
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Contrary to the narrative that office markets nationally and especially in Greater Cleveland are dead, two new reports show they are very much alive. And while they’re not fully recovered from the pandemic and remote working, some office markets including Cleveland’s have shown surprising resilience.
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This summer, renovations to a trio of large, former office buildings in downtown Cleveland are due to get underway that will convert their combined 2+ million square feet into mixed uses that will add 1,671 housing units, Class A office and co-working spaces, plus unique restaurant, retail and residential amenities. Total investment is projected to be $687 million for all three projects — The Centennial, 45 Erieview and The Rockefeller Building.
Read MoreHeating Up: 3 big downtown reno projects to start Read More »
According to two sources close to the Cleveland Browns and its owner the Haslam Sports Group, the National Football League (NFL) team is leaning toward building a new stadium versus renovating the existing FirstEnergy Stadium. And the sources say the team already has at least two sites picked out as options for a new stadium that will likely cost in excess of $1 billion.
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Developers from New York City and Chicago are reportedly uniting to deliver a significant mixed-use development in downtown Cleveland’s Gateway neighborhood. The project, called The Apartments At Bolivar, to be located just north of the Erie Street Cemetery, won City Planning Commission approval last winter but has so far languished due to a lack of equity financing.
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