real estate

Big developer moving HQ to Chester in Midtown

For more than 20 years, or roughly half of its organizational life, CHN Housing Partners’ headquarters has been in the same location at Cleveland’s Asia Plaza. But with a growing staff and a desire for more growth to increase the supply of affordable housing, it’s taking steps to move to larger, more visible quarters at 3711 Chester Ave. in Cleveland’s Midtown neighborhood.

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Key Tower in financial distress, too

According to a national real estate data and analytics firm, the 57-story Key Tower, 127 Public Square in Downtown Cleveland, is in financial distress. The distress is reportedly on the loans which the building’s owner secured to purchase the property in 2017. The owner itself is facing a growing number of financial issues, as well. But there may be a resolution on the horizon.

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Medical warehouse wins pitch competition

An ambitious and innovative plan to construct a high-tech cold storage facility for medical and pharmaceutical uses along the Opportunity Corridor Boulevard has secured the top prize in the first Cleveland Equitable Development Initiative (CLE-EDI) real estate developer pitch competition. The competition was spearheaded by Cleveland Development Advisors and Cleveland Neighborhood Progress.

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Northern Ohio Blanket Mills ready for next role

For more than 15 years, the landmark Northern Ohio Blanket Mills, 3160 W. 33rd St., sat empty and decaying. But this summer, following a $30 million renovation, residential and commercial tenants are moving into the 19th-century factory in Cleveland’s Clark-Fulton neighborhood that was once the country’s largest manufacturer of woolen horse blankets and carriage robes.

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Miceli Dairy plans $128M expansion, 250 new jobs

Cleveland’s booming food industry on the city’s East Side continues to boom. The next explosive expansion could more than double the size of Miceli Dairy Products Co., 2721 E. 90th St., in Cleveland’s Buckeye-Woodhill neighborhood. The company, which turned 100 years old last year, is planning an investment of about $128 million divided among three phases of expansion that promises up to 250 new jobs.

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Sherwin-Williams outlines new HQ parking plan

This week, Sherwin-Williams released a parking plan for workers at its new Downtown Cleveland headquarters that is due to open sometime in mid-2025. The parking plan was provided to the nearly 3,500 headquarters employees to answer their commuting questions, although the impacts of the plan will effect other workers, residents and visitors in the western part of downtown.

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