real estate – Page 41

Browns, city want you to rule out FES renovation

Ken Prendergast / March 30, 2023

“I stand by my sources.” I write that after this week’s statement from Browns owners Dee and Jimmy Haslam which followed NEOtrans’ most recent article about the Browns’ desire for a new all-purpose stadium for Cleveland. At the National Football League’s (NFL) Annual Meeting, the Haslams said “They remain committed to upgrading the Browns’ stadium — with the primary goal of renovating FirstEnergy Stadium in accordance with the City of Cleveland’s plans to upgrade waterfront area between Lake Erie and downtown.”

Browns, city want you to rule out FES renovation Read More »

Bedrock defers to others on riverfront

Ken Prendergast / March 28, 2023

Bedrock has something that few other investors in downtown Cleveland have — about 35 acres of prime, developable land, mostly along the riverfront below Tower City Center. But unlike many other downtown land owners with hopes for the future, they have no intention of developing anything themselves, be it new buildings or the infrastructure to sustain them.

Bedrock defers to others on riverfront Read More »

Berkadia to expand at Key Tower

Ken Prendergast / March 27, 2023

By the end of this year, commercial loan originator Berkadia Commercial Mortgage will be showing off its greatly expanded offices on the 14th floor of Key Tower, 127 Public Square. And that expansion offers a couple of statements about Greater Cleveland’s economy in general and downtown Cleveland in particular.

Berkadia to expand at Key Tower Read More »

Blue Abyss may build $250m research center here

Ken Prendergast / March 26, 2023

A British company, Blue Abyss Diving Ltd., is pursuing the development of a new research center devoted to deep sea and space research in the Cleveland suburb of Brook Park on land next to NASA Glenn Research Center. The project, with a total estimated price tag of $250 million, could be one of the most significant business investments resulting from the presence of the NASA facility. It could also be nearly identical to a major research center Blue Abyss is building in the United Kingdom county of Cornwall.

Blue Abyss may build $250m research center here Read More »

George-property-West 25thStreet-Detroit-Superior-Bridge

Irishtown Bend Park stakeholders announce deal for George property

Ken Prendergast / March 23, 2023

Partners working together on the transformational Irishtown Bend project have reached a tentative settlement agreement following a lawsuit by an affiliate of the George family against the use of eminent domain to acquire their land for the project. Terms of the deal were not fully disclosed at this time.

Irishtown Bend Park stakeholders announce deal for George property Read More »

Seeds & Sprouts XXVIII – Big retailer to Steelyard, AJ Rocco’s progresses, Hemingway bets on offices, Leather shop reno, Bakery to Euclid Ave

Ken Prendergast / March 22, 2023

A big retailer is opening at Steelyard Commons, renovations work for AJ Rocco’s new restaurant are about to progress, Hemingway Development bets on Midtown offices, and the inside of a West Side leather shop is about to be renovated.

Seeds & Sprouts XXVIII – Big retailer to Steelyard, AJ Rocco’s progresses, Hemingway bets on offices, Leather shop reno, Bakery to Euclid Ave Read More »

It’s official: Lakewood Center West sells

Ken Prendergast / March 20, 2023

While Lakewood waits on the Downtown Lakewood development, a mostly residential development could come to this inner-ring suburb’s former office and current retail district even sooner. According to Lakewood city officials and Cuyahoga County records, a Brooklyn, NY-based developer has acquired the seven-story Lakewood Center West at the northeast corner of Detroit and St. Charles avenues for $2.4 million. The developer told NEOtrans that they envision 60-70 apartments on the upper floors and will retain the ground-floor and basement commercial tenants.

It’s official: Lakewood Center West sells Read More »

Cleveland Hts Cedar Lee Meadowbrook ‘A done deal’

Ken Prendergast / March 19, 2023

The City of Cleveland Heights and its development partner, Flaherty & Collins Properties, announced the real estate and financial “closing” for the Cedar Lee Meadowbrook project, clearing the way for construction to commence in the coming weeks. It’s the second major project for the Indianapolis-based developer in the eastern inner-ring suburb of Cleveland.

Cleveland Hts Cedar Lee Meadowbrook ‘A done deal’ Read More »

Half of Bulkley Building to be residential

Ken Prendergast / March 17, 2023

A significant building in downtown Cleveland’s theater district is proposed to undergo a transformation that would convert nearly half of the structure to residential and add a high-profile office tenant. The Bulkley Building, or simply The Bulkley, 1501 Euclid Ave., is not only owned by the Playhouse Square Foundation but is also the site of the foundation’s offices.

Half of Bulkley Building to be residential Read More »

Cleveland adds fewest apartments among major metros

Ken Prendergast / March 16, 2023

New data from a leading North American real estate services firm shows that Greater Cleveland had the smallest number of new apartment units under construction in the USA in the fourth quarter of 2022. That snapshot of construction activity in America’s multi-family rental market shows that, not only is Greater Cleveland lagging way behind the nation’s largest metropolitan areas in adding new apartments, it’s also lagging behind many of its peer metros. The report comes as the City of Cleveland considers reducing its financial incentives for new developments.

Cleveland adds fewest apartments among major metros Read More »