Cerner Corp., a healthcare division of software giant Oracle, is planning to open a training center at 3121 Euclid Ave. near downtown Cleveland that could accommodate hundreds of people in classrooms simultaneously. The proposed training center speaks to Oracle/Cerner’s growing presence in Greater Cleveland and the addition of another major healthcare employer to the region’s economy.
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Yesterday in Baltimore, Treasurer of the United States Chief Lynn Malerba awarded $5 billion worth of New Market Tax Credits (NMTC) nationwide, with $80 million of that to support real estate development projects Greater Cleveland. The projects are intended to be transformative by attracting private investment to create jobs in underserved communities.
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A sprawling factory complex on Cleveland’s near-East Side is proposed to be demolished by its owner of the last 130 years, General Electric (GE). The Design Review Committee of Cleveland’s City Planning Commission will hear a presentation this week by GE’s engineering consultant Stantec on why it should approve demolition of the factory, called the Euclid Lamp Plant, 1814 E. 45th St. But not everyone agrees the factory has to be razed before the property can be sold by GE.
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A large, historic, two-level bowling alley that was once an industrial building has found new life with a new owner. Or at least a portion of it has found a new purpose and will provide something that Cleveland doesn’t apparently yet have.
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This is the Seventeenth edition of Seeds & Sprouts – Early intelligence on Cleveland-area real estate projects. Because these projects are very early in their process of development or just a long-range plan, a lot can and probably will change their final shape, use and outcome.
Cleveland Cavaliers team shop to get facelift.
Minute Men Staffing publicly releases HQ expansion plans.
Two townhouse projects planned, east and west.
UPDATED DEC. 16, 2020
One of the last surviving Euclid Avenue mansions is facing possible demolition to make way for a significant mixed-use real estate development by a national developer. It is one of several real estate developments popping up in the area.
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