real estate – Page 46

Two old Hough walk-ups: two fates

Ken Prendergast / August 29, 2022

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

Ken Prendergast / August 26, 2022

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

Ken Prendergast / August 19, 2022

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

Ken Prendergast / August 19, 2022

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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New developer turns in big property plays

Ken Prendergast / August 12, 2022

A Beachwood-based real estate development company that’s less than two years old is making a lot of big moves in acquiring real estate in Cleveland’s urban core. The “where, why and how” questions surrounding those acquisitions are answered by “who” is behind those buys.

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Shaker Square commercial district sold

Ken Prendergast / August 9, 2022

Community developments groups Cleveland Neighborhood Progress and Burten Bell Carr Development have purchased the historic Shaker Square shopping center. The sale keeps the property under local, community-minded ownership and triggers a process by which deferred maintenance issues can be addressed and a strategy can be developed that will stabilize the center short-term and ensure it flourishes long-term.

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PearlBrook shopping center to be razed

Ken Prendergast / August 4, 2022

An historic retail strip where Cleveland meets Parma, but was often better known for its cinematic and musical neighbors, is due to be demolished. In place of the PearlBrook shopping center will be a Sheetz gas station and convenience store, plus some identified future development just north of it. The center, located at its namesake Pearl and Brookpark roads, has been the space between two places ever since it was built.

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Bedrock: downtown streetscapes coming

Ken Prendergast / July 29, 2022

Cleveland was once called the “Forest City” because of its many large, healthy trees along its major thoroughfares. One would never know that today after 150 years of industrialization and then neglect in the city’s post-industrial era. Now, there are many parts of the city that are devoid of mature trees, notably downtown where the lack of vegetation makes the central business feel hotter in summer and more windy in winter. But Bedrock Real Estate of Detroit has released plans to make downtown sidewalks more hospitable, or at least those fronting its own properties in the city’s urban core.

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Ohio megaproject applications released

Ken Prendergast / July 28, 2022

When real estate developer Bob Stark thought up the Ohio Transformational Mixed Use Development (TMUD) tax credit several years ago, he envisioned it as a means to transition from tapping historic tax credits for renovating old buildings in downtown Cleveland to afford building new ones. His rationale was that, with the supply of obsolete commercial buildings dwindling to provide new residential inventory, a new financial incentive would be needed to overcome Cleveland’s high construction costs and low rents to satisfy downtown housing demand.

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As the University Circle garage turns

13 Comments / Ken Prendergast / March 31, 2022

A proposed demolition of a parking garage at 1980 Ford Rd. in Cleveland’s University Circle area is already causing negative impacts in the area — and the garage hasn’t been razed yet. But officials at University Circle Inc. (UCI) which owns the 54-year-old garage are hoping that a new parking deck to be built in its place will help boost the neighborhood.

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