real estate

Growing industry moving to Cleveland

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Along a Cleveland street known historically for dumping everything from trash to murder victims, a long-neglected property is about to gain something almost priceless — a future. On Train Avenue in the city’s Clark-Fulton neighborhood, a truck terminal turned junk yard, infested with weeds, littered with abandoned vehicles and tagged with graffiti, is due to be replaced by a growing glass-glazing business and nearly 20 jobs from the suburbs.

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PearlBrook’s ex-Peaches/Federal store to become RISE Dispensary

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Here comes another change to the PearlBrook Shopping Center at the northwest corner of Pearl and Brookpark roads in Cleveland’s Old Brooklyn neighborhood. Plans were submitted to the city last week for a new RISE Dispensary of medical cannabis to be located in a building at 5100 Pearl Rd. that was built for a Federal Department Store and later became a Peaches Records & Tapes store.

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Amtrak seeks $300m for Great Lakes-area stations

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Cleveland and other Northern Ohio cities would gain new, larger train stations from a program proposed by passenger railroad Amtrak to improve its intercity services here. The program, a five-year, $300 million Great Lakes Stations Improvement initiative, represents the first time in Amtrak’s 53-year history that it has pursued such an aggressive development effort for this region and specifically for the Cleveland-Chicago route.

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Downtown’s new AJ Rocco’s reopening in May

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If you remember AJ Rocco’s as a coffee shop in the neighboring Caxton Building in Downtown Cleveland, the new AJ Rocco’s is going to be a big change for you. Restaurant-bar owner Brendan Walton and building owner Paul Shaia spared no expense in renovating a 19th-century bank building at 828 Huron Rd. to its Gilded Age glory with all of the rich woodwork, brick walls and metal decorative elements one would expect in a cozy downtown pub.

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Cleveland’s Central-Fairfax: the next hot zone?

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Cleveland’s Central and Fairfax neighborhoods haven’t been a hot zone for new real estate development since the Jazz Age of the 1920s and 30s. Back then, streets like Cedar, Central and Quincy were hopping with jazz clubs, speakeasies, flappers and gangsters. Aside the many night spots were factories that hummed with tens of thousands of jobs during the daytime hours. Most were tightly clustered along the four-tracked Pennsylvania Railroad that was elevated in 1915 to reduce traffic congestion.

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Downtown’s next crane may be MIA for a while

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While the nation’s employment is high and incomes are rising, in many respects, the slowdown in new real estate construction projects is the worst the nation has seen since the credit crunch of 2008-10. Back then, everything stopped. Nothing new was getting built. Things aren’t too different now unless you’re building new data centers, warehouses or small housing projects.

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New Downtown Lakewood plan, grocery store announced

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Sitting dormant since Lakewood Hospital closed in 2016 and was demolished in 2019, a 6-acre city-owned site in Downtown Lakewood has a fresh strategy and a new tenant to finally reactivate it. While that strategy and a new tenant, a neighborhood grocery store, was enthusiastically received by City Council members at a committee meeting tonight, it remains to be seen whether it can overcome financing hurdles affecting it and all other projects nationwide.

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Tower City’s Astro lifts off tomorrow

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Yes, a new restaurant at Tower City Center in Downtown Cleveland really is out of this world. And The Astro Restaurant is going to lift off at 11 a.m. tomorrow, one block from the neighboring RocketMortage offices. But since the restaurant will be open only for dinner, it may prove to be popular for people attending evening events at the RocketMortgage FieldHouse just down the street.

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