real estate

Port of Cleveland OKs $32M in site upgrades

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Cleveland’s international water port took a significant stride this week toward the future as its board approved the allocation of $32.1 million in federal and state grants to help rehabilitate and modernize a key warehouse and upgrade electrical infrastructure at its General Cargo Terminal. This strategic move will ensure ongoing efficiency of port facilities and prepare the port for upcoming electrification efforts.

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Cleveland seeks developers for Slavic Village school site

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A site in Cleveland’s Slavic Village that has hosted school facilities for the last 127 years could host a new use in the coming years depending on the response to a request for qualifications (RFQ) from prospective developers. That RFQ was issued this week by the city of Cleveland’s Department of Community Development, in partnership with the Cleveland Metropolitan School District (CMSD).

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Cleveland’s MLK Plaza redevelopment plans revealed

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A rezoning request for the redevelopment of Martin Luther King Jr. Plaza, 9300 Wade Park Ave. in Cleveland’s Hough neighborhood resulted in the developer revealing her plans for the site. And those plans show the plaza would be demolished for a sizable, mixed-use development that could provide 142 residential units, both multi-family and single family, plus at least 15 leasable spaces for commercial tenants.

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Downtown Cleveland skyscraper sold to NY firm with big retail portfolio

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According to two sources, Downtown Cleveland’s third-tallest skyscraper has sold to a New York-based company that has more than its share of cheap or faded retail properties including many in Ohio. But the parking garage for the skyscraper, 200 Public Square, was reportedly sold separately to a buyer in Chicago that owns downtown parking properties nationwide, one of the sources said.

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Flats luxury finally coming home

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It’s the type of housing development that could not be achieved in Cleveland’s Flats until now. And the proof of that statement rests with the multiple prior attempts at developing this site. While there’s still a ways to go, a big step forward was made on Friday when City Planning Commission’s Design Review Committee approved the construction of luxury housing and a retaining wall along Carter Road.

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Sherwin-Williams parked its HQ parking options

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When brainstorming the next phase of Sherwin-Williams’ global headquarters in Downtown Cleveland, a big question is what to do with all of those big metal boxes that people bring to work with them each morning. On average, each one weighs 2 tons and to park one requires at least 300 square feet of storage space, including driveways and ramps. Like health care, the cost of community transportation falls onto American corporations unlike their European and Asian counterparts.

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Cleveland’s Watterson-Lake redevelopment evolves

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More details are emerging for the proposed Watterson-Lake redevelopment in Cleveland’s Detroit-Shoreway neighborhood including the project’s growing size, parking situation, how it will be funded and who will manage the property. According to a project funding application posted earlier this month by the Ohio Housing Finance Agency (OHFA), the answer to the last question is the Cuyahoga Metropolitan Housing Authority (CMHA).

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Ohio City, Tremont developments advance

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While it’s tough to get financing for larger development projects anywhere these days, it is possible to add a meaningful number of housing units by dividing them up among smaller projects. That’s what Dalad Group of Independence and partner Property Advisors Group (PAG) of Beachwood are doing by pursuing more than 100 apartments on Cleveland’s near-West Side among a mix of new-construction and renovation projects.

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