One downtown garage down, more to go?

Ken Prendergast / March 24, 2024

It’s a tough time for Downtown Cleveland parking garages built in the 1950s and 1960s. Three of them in particular, each with just over 300 parking spaces or 966 total, are having a rough go of it. One already was demolished. Two others were closed due to their worsening condition. Many other downtown garages are of a similar age and may face financial and structural uncertainty in a weak office market.

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Downtown Lakewood back to drawing board

Ken Prendergast / February 11, 2023

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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Downtown’s next high-rise to turn residential

Ken Prendergast / February 2, 2023

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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McDonald Hopkins investing $8M in Fifth Third Center

Ken Prendergast / September 6, 2022

After announcing its intentions to stay at its current offices in downtown Cleveland, McDonald Hopkins LLC is doing more than just staying put. Last week it submitted architectural documents to the city’s Building Department for an $8 million renovation of its headquarters site. The 92-year-old law firm had considered relocating to other buildings, both new and planned, real estate insiders said.

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Cleveland looks steady in new office market data

Ken Prendergast / June 25, 2022

Contrary to the narrative that office markets nationally and especially in Greater Cleveland are dead, two new reports show they are very much alive. And while they’re not fully recovered from the pandemic and remote working, some office markets including Cleveland’s have shown surprising resilience.

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Large office building in the works for Cleveland’s Midtown

Ken Prendergast / September 4, 2021

What may prove to be the largest office building ever built in Cleveland’s MidTown corridor is advancing toward a potential construction date early next year.
Wexford Science & Technology, LLC of Baltimore is moving forward in developing a 150,000-square-foot office building and multilevel parking deck at the northwest corner of Euclid Avenue and East 66th Street.

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