If it’s December, then there’s a new buyer emerging for the so-called “nuCLEus” properties owned by Cleveland-based Stark Enterprises. But there’s a few differences with the potential sale of downtown land in the Gateway District compared to last year’s deal that fell through. Perhaps the most significant difference this time is that Stark’s CEO isn’t denying it.
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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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Although a proposed building in Cleveland’s Fairfax neighborhood to support individuals with traumatic injuries and their families is physically small, the need for the facility is large. To that end, the nonprofit Mark Kalina Jr. Foundation will host a Buy-A-Brick Fundraiser over the coming weeks in support of the proposed housing facility – The Kalina House. This opportunity for charity will run from Giving Tuesday on Nov. 29 until New Year’s Eve.
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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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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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That little house on Cleveland Street is on the market just in time for the holiday season and the release of a sequel to the 1983 classic movie “A Christmas Story.” And just like another one of Ralphie’s father’s silly puzzles, “This one could be worth 50,000 bucks.” But the house isn’t on Cleveland Street, it’s not merely the house that’s for sale and the campus of seven properties is likely to fetch multiples of $50,000. Indeed, according to some real estate insiders, it could go for dozens of times more. Dare we say “A major award?”
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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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A conceptual proposal for a residential tower along the West Shoreway, overlooking Edgewater Park, got a little bit taller after it was first introduced to Cleveland’s City Planning Commission last April. Originally proposed at 10 stories, the market-rate apartment building got bumped up to 12 stories and 138 feet tall which puts it over the 115-foot height restriction for that area’s zoning.
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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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A mix of federal and state funds along with a partnership of MetroHealth System and the Cleveland Metropolitan School District (CMSD) have come together to spur construction of additional health clinics at four Cleveland school sites to increase basic health care services to young people. A wide variety of health care services will be available at these clinics, including treatment of illnesses, mental health, sports injuries and even dental care.
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