real estate

A Christmas Story House, campus for sale

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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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groundbreaking ceremony for The Lumos apartments

Hough busily breaking new ground

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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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Shoreway Tower plan rises

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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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Historic buildings to be razed in Flats

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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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MetroHealth adding more clinics at CMSD schools

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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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Affordable apartments planned at RTA station

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An Indianapolis-based real estate developer is seeking to build affordable apartments just west of the Greater Cleveland Regional Transit Authority’s (GCRTA) West Boulevard-Cudell rapid transit station on land owned by the transit authority. Today, the GCRTA Board approved giving that developer, Flaherty & Collins LLC, an option to purchase the land for the development of 60 to 80 apartments. The option, priced at $5,000, gives the developer site control so it can nail down financing and city approvals over the next year. If the developer needs more time, RTA can extend the option for another year for another $5,000.

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First look at Cleveland Clinic’s largest-ever building

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In several days, the City Planning Commission’s Design Review Committee will get its first chance to offer its opinion on what will be the Cleveland Clinic’s largest-ever building. The facility will be the new home of the Clinic’s Neurological Institute — a 1-million-square-foot structure that will tower over Carnegie Avenue, between East 89th and 90th streets. It is the current site of the eight-story P Building surgery center that is now is the process of being demolished.

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Cleveland benefits from national migration shift

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One of North America’s next big migrations may already be underway. And according to early data, it appears that Cleveland and other Great Lakes cities are among those benefitting from it. What’s driving this new migration? The basics — low cost, proximity to family, abundant fresh water and peace of mind from not worrying about your neighborhood catching on fire or washing out to sea.

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Lakefront park expansion advances

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While there’s been lots of studies about how to improve Cleveland’s lakefront, one is actually moving forward into formal design and construction permitting — the last step before acquiring funding and construction for an expanded lakefront park. And although the detailed design and permitting will continue through to the end of 2023, a big piece of funding for lakefront park expansion will be decided by voters next month.

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Will Sherwin-Williams’ HQ be a pretty bunker?

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To sit or not to sit, that was the question that caused the biggest debate today among members of a design-review panel of Cleveland’s City Planning Commission prior to supporting landscaping and site amenity plans for Sherwin-Williams’ (SHW) new global headquarters. The question became a point of debate over concerns of whether adding benches to the outdoor areas of the downtown HQ would attract homeless people to sleep there as is already the case at locations throughout the adjacent Public Square.

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