mixed-use development

Bedrock’s ambitious Tower City, riverfront plans

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After months of work, Bedrock Real Estate of Detroit and its masterplan architect David Adjaye Associates of Ghana today released their vision for the Cuyahoga Riverfront below Tower City Center in downtown Cleveland. The $3.5 billion vision would add more than 3.5 million square feet of mixed uses next to the former railroad passenger terminal turned shopping center. It’s the latest in a century’s worth of ambitious visions of the waterfront closest to Public Square.

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Westinghouse plans revealed

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Plans for the Westinghouse redevelopment got a lot clearer this week after NEOtrans was able to secure recent conceptual plans for the project. While a luxury boutique hotel and apartments are likely to be the highest-profile features in a pending redevelopment of the former Westinghouse plant overlooking the West Shoreway, a less sexy land use will be the plan’s bread and butter. That use is a planned warehouse for Cleveland-based McPc, a fast-growing information technology company that helps businesses manage security risks and logistical challenges.

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Sherwin-William HQ+R&D rises to $750 million

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Sherwin-Williams (SHW) has announced that construction costs for its new headquarters in downtown Cleveland plus its research and development facility in suburban Brecksville have increased from at least $600 million to $750 million. But the cause, according to the global coatings giant, isn’t entirely what’s affecting all other construction projects — inflation and interest rates. Instead, it cited compliance with state, county and municipal regulations in hiring minority- and female-owned subcontractors and suppliers, plus local small businesses. Those regulations were triggered because of public-sector resources SHW tapped for these projects.

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CSU releases campus master plan

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At a regular meeting today of its board of trustees, Cleveland State University (CSU) unveiled a new campus master plan to capitalize on its location in Cleveland’s urban core and to guide the development of the university’s physical campus over the next decade. Details of that plan were shared with NEOtrans and other Northeast Ohio media in a press release and an illustrated presentation.

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Downtown Lakefront buildings no longer for sale

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Two very visible buildings at downtown Cleveland’s North Coast Harbor that were listed for sale over the past year were just taken off the market this week by owner Cumberland Development LLC. There are several reasons why the Harbor Verandas mixed-use building and the Nuevo Modern Mexican & Tequila Bar are being retained. But one of them is because of the fate of the nearby Burke Lakefront Airport could cause the value of the site to rise in the future.

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groundbreaking ceremony for The Lumos apartments

Hough busily breaking new ground

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For anyone who has been watching real estate activity in recent years in Hough, they are probably no longer surprised that investment is growing here. But what may be surprising is that the pace of it continues to increase. And, with that, there’s growing interest by local and national investors to make sure that gentrification doesn’t take hold and push away people who need jobs within an easy walk, bike or bus ride of booming University Circle.

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Plans revealed for big Tremont site

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Perhaps the largest never-developed piece of land on Cleveland’s near-west side now has a plan for developing it. Tomorrow, a neighborhood-level committee of the City Planning Commission will see and hear a presentation by a development team led by Knez Homes and Property Advisors Group to construct 129 housing units on a 3.65-acre plot of Tremont land Knez acquired last February, a story first reported by NEOtrans.

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Medical Mutual HQ staff won’t return downtown

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A spokesperson for health insurance industry giant Medical Mutual confirmed that the company’s headquarters will leave downtown Cleveland in 2023. However most of their roughly 1,000 downtown office employees never returned from remote-working during the pandemic, leaving the historic Rose Building at East 9th Street and Prospect Avenue mostly empty over the past two-plus years. Today’s news has led to some wondering if the building could be converted to residential as with other old office buildings downtown.

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Historic buildings to be razed in Flats

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A row of buildings along Columbus Road in the Flats is due to be razed in the coming weeks by an active, local real estate developer. But there is no plan to replace buildings, including two from the 19th century that stand in a nationally registered historic district. Instead, according to a partner at the property’s owner, Integrity Realty Group (IRG) of Beachwood, the contiguous buildings would be demolished to keep them from falling down on innocent passersby. No structural analysis was included in the owner’s demolition requests to the city.

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