real estate

Is UC becoming Greater Cleveland’s top jobs hub?

For the first time in 200 years, Downtown Cleveland is at risk of losing its position as the region’s top employment hub. And in so doing, it would also no longer be Ohio’s top job hub, too. Downtown Cleveland has held the region’s top ranking since the days before the Ohio Canal opened for business in 1832, making downtown Cleveland the state’s reigning economic powerhouse.

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GCP’s new web tool gives development insights

A new Web-based development tool went live today to give prospective real estate investors more information on where and what is going on around sites in which they may be interested. The tool, developed by the Greater Cleveland Partnership and City Architecture of Cleveland, is available to the public free of charge and without any registration required.

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Money turning Circle East plan to reality

There have been lots of plans over the decades for stopping the decline of East Cleveland. But most were unfunded or lacked the necessary political stability to be implemented over the long haul. A new plan has come to the fore over the past few years to rebuild the west end of the city, closest to University Circle. And now the money is finally coming, too.

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McDonald Hopkins investing $8M in Fifth Third Center

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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Greater Cleveland TOD initiative on track

A new initiative has started that, if successful, could reverse decades of urban sprawl, a hollowing out of Greater Cleveland’s urban core and an erosion of its transit system. Those conditions create a wide variety of problems that hurt the region’s environment, safety, economy, human health and exacerbates poverty. The new initiative would reverse that course by encouraging more pedestrian-friendly, mixed-use developments along high-frequency transit corridors in Cleveland and Cuyahoga County.

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Death of Public Square’s parking lot

Work crews this week began pulling up asphalt pavement from the parking lot on Public Square in downtown Cleveland, ending a three-decade use that some urbanists considered an embarrassment to the city. It is the last of three project component sites to see construction start for the new Sherwin-Williams (SHW) headquarters. Work is now occurring on each of the three sites simultaneously with a eye toward completion in late-2024.

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Two old Hough walk-ups: two fates

Two century-old, walk-up apartment buildings face each other on East 89th Street in Cleveland’s Hough neighborhood. One is structurally unsound and in danger of collapse after it was neglected by a so-called foundation facing a huge unpaid tax bill. The other will have its renovation and expansion plan reviewed by a committee of the City Planning Commission starting this week after it was bought by a successful, civic-minded local investor.

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Cleveland Clinic’s big projects are on the move

To say that the Cleveland Clinic has a lot of development activity on its plate would be a major understatement. And some of that $1.3 billion worth of construction at its Main Campus is already starting to manifest itself on the landscape. The Clinic is starting site preparation work for its massive new Neurological Institute on Carnegie Avenue. It delivered plans to the city for its expanded Cole Eye Institute. The health care system is prepping the site for the first phase of its new pathogens center. And it is finalizing plans for a full or partial demolition and redevelopment of the ex-Cleveland Play House property, the details for which could be released this fall.

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Shaker Hts, developer reach deal for ex-car dealership site

The City of Shaker Heights has entered into a preliminary agreement with a Columbus-based developer interested in constructing an architecturally distinctive, mixed-use building on vacant city-owned land, formerly the Qua Buick-Pontiac car dealership, across Warrensville Center Road from the existing first phase of the Van Aken District.

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Stokes West wins final approval

City Planning Commission today voted to support the final design of a large mixed-use development called Stokes West in Cleveland’s University Circle after nearly a year of debate over the fate of six historic but neglected rowhouses. The project’s landscaping plan still has to reviewed by the commission but today’s vote puts the development on a path to secure a building permit and start construction, possibly by the end of the year.

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