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Rebuild Cleveland to assemble new homes

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A new company comprised of local real estate veterans intends to break ground next week on its first new home to address a shortage of quality, affordable workforce housing and to continue neighborhood stabilization efforts. But construction of that home, a modular, manufactured structure, is due to be completed in less than one month. The company that will build this infill housing on vacant lots is called Rebuild Cleveland LLC and the neighborhood where they will start assembling them is the southern part of Cleveland’s Detroit Shoreway.

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Hough developments keep on coming

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Multiple construction projects are underway at the east end of Hough, closest to University Circle, and more are about to begin. While work is rapidly progressing on the apartments and townhomes for Park Lamont, two more projects are about to begin and a third is waiting in the wings for more financing to be awarded to it. All are in response to the growing number of University Circle-area jobs and students. Even affordable senior housing is being added in response to this growth, with the goal to make sure seniors don’t get squeezed out of a neighborhood experiencing rising rents.

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City Club tower tenants announced

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Detroit-based City Club Apartments, a 104-year-old private real estate owner, developer and operator, held a Topping-Off event today on the 18th floor of its 23-story City Club Apartments-Cleveland mixed-use apartment and penthouse community. Mayor Justin Bibb and City Club Apartments Chairman and CEO Jonathan Holtzman were among the speakers at the event that celebrated the construction milestone, opening of the residential pre-leasing center nearby at 313 Euclid Ave. and the announcement of four café/restaurant/bar venues at the new 250-foot-tall tower.

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Seeds & Sprouts XXIX – CSU to start arena plans, Downtown garage demo, Olde Cedar’s replacement

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Cleveland State University is about to start work on plans for a new arena, a downtown parking garage will be demolished — for a parking lot, and one of the oldest public housing projects in the USA along with the old juvenile justice center will be demolished for a mixed-income housing complex.

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Bibb appoints interim director

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Less than a week after Tessa Jackson left her post as Cleveland’s economic development director, Mayor Justin Bibb has found a replacement — at least temporarily. This morning, Bibb named Terri Hamilton Brown as the city’s interim director of economic development. She was sworn in and began work today following the departure of Tessa Jackson on June 15. The city expects to open the application process for the permanent position later this week.

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Erieview Tower project gains potent partner

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Despite recent departures from the project, development team members assured NEOtrans that the $100 million redevelopment of the Tower at Erieview in downtown Cleveland is still going forward. A big reason why is because the development team has gained a potent new member — an influential Cleveland-based law firm tied into active developer TurnDev and its financing arm TurnCap.

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Bedrock riverfront offices draw tenants

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Because of their cost and complexity, Downtown Cleveland megaprojects don’t usually have a strong track record of becoming a reality. But Bedrock Real Estate’s vision for the downtown riverfront between Tower City Center and the Cuyahoga River appears to be coming together more quickly as time goes on. And, in recent weeks, NEOtrans has learned that several large tenants are in the works for the major development.

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Erieview Tower redo faces setbacks

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Despite winning $23 million in tax credits to enable a $100 million historic and transformational redevelopment of the Tower at Erieview, two major proposed tenants are reportedly backing out of the project. Conversion of the 1964-built, 40-story office tower and its Galleria mall, 1301 E. 9th St., into a mixed-use complex could be facing an uphill climb with the apparent withdrawal of a luxury W Hotel and co-working chain Industrious.

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A dozen high-rises in the works downtown

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Last week, NEOtrans wrote about three high rises in a single development — the first phase of Bedrock’s riverfront site — that could see construction start by this time next year. But that is by no means the only downtown high-rise development in the works. NEOtrans is aware of 13 high-rise projects of 10 stories or more in various stages of development, not including those already under construction downtown. This inventory includes only potential new-construction high-rises, not major renovation projects like The Centennial, redevelopment of the Rose Building and others.

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