Cuyahoga County Council’s approval yesterday of a property sale to a New York City-based developer could lead the way toward a “significant” development in the heart of East Cleveland. The site, at Euclid and Superior avenues, is just one-half-mile from the eastern edge of University Circle and set between stations on the HealthLine bus and Red Line rail rapid transit routes.
Read MoreEast Cleveland on track for $100M project Read More »
Continued redevelopment of Cleveland’s Hough neighborhood was put into play last week following the acquisition of 4.45 acres of property which has hosted the Martin Luther King Jr. Plaza, 9300 Wade Park Ave., since 1972. Purchasing the MLK Plaza on Feb. 6 for $2.75 million was an affiliate of Northern Real Estate Urban Ventures (NREUV), according to Cuyahoga County records.
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Although rumored for weeks, the announcement that EY (formerly Ernst & Young) is moving its offices out of one of only two trophy-class buildings in downtown Cleveland still came as a surprise to some longtime real estate executives. The 23-story office tower at 950 Main Ave. at Flats East Bank that bears Ernst & Young’s name has been one of downtown’s most expensive and successfully leased since it opened in 2013.
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At the City Planning Commission’s design-review meeting starting 9 a.m. Friday, representatives of Detroit-based Bedrock are scheduled to present more of its vision for downtown Cleveland’s riverfront below Tower City Center. In addition to showing renderings of the buildings and public spaces, Bedrock’s architectural team led by Adjaye Associates will lay out a schedule and a menu of items needed for building the infrastructural foundations to support the ambitious riverfront plan.
Read MoreBedrock lays out riverfront plan, steps Read More »
After two years of seemingly endless meetings surrounding the redevelopment of Lakewood’s former hospital site, Roundstone Insurance has not only left the development project but decided to leave the inner-ring suburb entirely. Currently located in the former First Church of Christ Scientist, 15422 Detroit Ave., the headquarters of this fast-growing insurance firm with up to 240 employees and $17.5 million in annual payroll is due to leave Lakewood in April 2024, according to Mayor Meghan George’s administration.
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Opportune Development LLC, an affiliate of ARPI LLC, is seeking to build a three-building project called Hub 27 one block west of West 27th Street and south of the railroad tracks in Cleveland’s Clark-Fulton neighborhood. While there has been much development activity on the east or Tremont side of West 25th south of the tracks, this is the first major development to push south of Ohio City into the Clark-Fulton side of West 25th.
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CedarTech and Cumberland Development reveal office building plans. The Cleveland chapter of Entrepreneurs’ Organization is opening an office downtown. And concrete wholesaler Tech Ready Mix is acquiring a large property in Kinsman for what may be a new production facility.
Read MoreSeeds & Sprouts XXVI – UC tech building, EOC going downtown, Tech Ready Mix buys land Read More »
Fences went up today at Lakewood’s East End around a former National Tire & Battery (NTB) store and its parking lot at the southwest corner of Detroit and Coutant avenues. In the coming days, the NTB store will come down while hydraulic lifts in the building’s vehicle repair shop will be removed and possibly some of the soil surrounding the lifts, too. Those are just some of the activities that will prepare the site for the next phase of the Studio West 117 development.
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Downtown Cleveland’s next office-to-residential conversion project appears to be in the works. But this one might not be a total changeover to a new use. Ohio Savings Plaza, with more than a half-million square feet divided among two buildings has something big going for it — it’s half-filled with office tenants. Or, half-empty if you’re a pessimist.
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Earlier this month, NEOtrans broke the story that a Collinwood landmark, the LaSalle Theater, 823 E. 185th St., had hit the market after 14 years of ownership by the Northeast Shores Development Corporation (NSDC). But with the building stabilized and the NSDC ending its service to the Cleveland neighborhood, officials from the community development corporation said it was time to sell.
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