real estate

Half of ex-Westinghouse plant to be razed

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Planning documents submitted to the city yesterday reveal that slightly more than half of the former Westinghouse plant overlooking the West Shoreway and Lake Erie could be demolished in preparation for the redevelopment of the surviving structures. According to sources familiar with the project, the surviving portions at the plant at 1200 W. 58th St. in Cleveland are proposed to be redeveloped as a boutique hotel, apartments and leasable commercial spaces plus parking.

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Bridgeworks wins Landmarks OK, awaits financing

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Final design of a 15-story mixed-use tower that’s proposed to be built at the west end of the Detroit-Superior Bridge was narrowly approved today by Cleveland’s Landmarks Commission. But whether the project actually gets built reportedly will depend on whether the project, called Bridgeworks, will win a “megaprojects” tax credit from the state in a few weeks.

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Is UC becoming Greater Cleveland’s top jobs hub?

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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

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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

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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

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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

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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

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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

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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

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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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