mixed-use development

Downtown retail revival plan announced

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Downtown Cleveland, Inc. today shared its Downtown Retail Strategy, designed as a roadmap to create a thriving retail environment in the urban core. Unveiled by Downtown Cleveland, Inc. President & CEO Michael Deemer during the 2023 State of Downtown at The City Club of Cleveland, the plan is one of Reimagining Downtown Cleveland’s near-term economic priorities. It aims to fill gaps in the city center’s marketplace and serve existing residents and businesses.

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Local projects may benefit from federal incentives

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Having too much office space, not enough housing inventory and tight private financing to address those conditions isn’t just a Greater Cleveland phenomenon. It’s a nationwide problem. So the federal government on Friday announced incentives to encourage the conversion of high-vacancy commercial buildings to residential use and develop surplus land owned by transit agencies.

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North Coast development authority launched

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With updated plans for redeveloping downtown Cleveland’s lakefront steadily rolling in like Lake Erie’s waves, the nonprofit development corporation charged with funding and implementing those plans also is coming together. Today, Cleveland Mayor Justin Bibb announced the initial board of directors for the new North Coast Waterfront Development Corp. (NCWDC) and its chair, David Gilbert, CEO of Destination Cleveland and the Greater Cleveland Sports Commission.

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Ohio City finance firm moving to the Flats

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Another significant office tenant with naming rights to their building is on the move — and shrinking. This time, it’s Cleveland-based financial planning firm Skylight Financial Group which is a general agency of Massachusetts Mutual Life Insurance Co. (MassMutual) in multiple Ohio cities. But unlike Ernst & Young (now EY) moving from one side of downtown Cleveland to the other, Skylight Financial will be leaving Ohio City’s Market District in 2024 for Scranton Peninsula in the Flats.

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North Coast plans updated, go public today

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In a virtual session held earlier today, the community got to see a refinement of plans for Downtown Cleveland’s lakefront that were first shared publicly in July, namely for the area near North Coast Harbor. The plans, showing stadium renovations, transportation investments and conversion of lakefront parking lots to year-round public uses, were developed and refined by a consulting team hired by the city and led by Field Operations, a public spaces design firm based in New York City.

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Cavs-Clinic Riverfront building is big, evolving

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More illustrations were made publicly available this week, showing the large size of a new facility planned next to the Cuyahoga River in downtown Cleveland for the Cleveland Cavaliers’ basketball practice facility and Cleveland Clinic’s sports health-related medical services. Kansas City-based architectural firm Populous submitted the plans for what would be Bedrock Real Estate’s first new building in its ambitious $3.5 billion riverfront development to the City Planning Commission’s Design Review Committee.

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Browns add more land to Berea development site

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As the Cleveland Browns and their owners continue to acquire more property this month in suburban Berea, its mayor recently teased news of their potential, still-secret development to occupy that land as an “exciting opportunity” for the community. Meanwhile the city approved the demolition of eight more houses just west of the Browns’ existing headquarters and practice facility. That’s in addition to 24 homes and a church leveled so far for what sources said would be a mixed-use development featuring a hotel, Browns- and football-themed restaurants and shops, plus sports and recreation facilities open to the public year-round.

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Stark grounded as war erupts in Israel

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Greater Cleveland real estate executive Ezra Stark is grounded in Israel by the outbreak of war over the weekend, Stark confirmed to NEOtrans through a company spokesperson. He was scheduled to fly out Sunday but most airlines including all U.S.-based carriers have temporarily suspended flights to and from the Middle Eastern nation due to its worsening security situation following a surprise, massive attack Oct. 7 by the terrorist group Hamas.

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Ohio City’s largest build site: the Lutheran lot

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Sooner or later, development pressures will find their way to Lutheran Hospital’s huge surface parking lot on West 25th Street in Cleveland’s Ohio City neighborhood. All around the 5-acre Cleveland Clinic Foundation-owned Lutheran Hospital parking lot, investors have built on or have big plans for just about every available piece of land. Even an unstable hillside across West 25th is being reborn as Irishtown Bend Park. There isn’t much room to grow. So the Cleveland Clinic, Ohio City Inc. and others are trying to get a handle on how best to develop the Lutheran lot someday in the future while making sure Clinic employees still have a place to park.

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Seeds & Sprouts 33 – Sankofa Village Phase 4 coming, West 48th gets more townhomes, So might Midtown, Intro adding salon

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Sankofa Village will be adding its fourth, final phase in Cleveland’s Central neighborhood. An extra space just off West 48th getting more townhomes. One Midtown Luxury Townhomes seeks expansion. And Intro gains national beauty salon chain as tenant.

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