Last week, NEOtrans reported that one of the last large “parking craters” remaining in Downtown Cleveland’s central business district has a buyer. This week, we confirmed who the buyer is and what they plan to do with it.
Read MoreWarehouse District lot buyer revealed Read More »
A large parking lot in Downtown Cleveland’s Warehouse District that’s been up for sale twice since 2019 apparently is now under a purchase agreement with a buyer who seems interested in developing it.
Read MoreWarehouse District buyer, project emerges Read More »
We may be only a few weeks away from learning more details about a possible sale of Downtown Cleveland’s historic Rockefeller Building. But the grapevine is already buzzing as to what might happen after a sale is closed.
Read MoreRockefeller buyer has big plans for site Read More »
Without any visible activity in nearly two years, rumors circulated throughout Cleveland’s development community that the roughly $500 million Centennial redevelopment, 925 Euclid Ave. in Downtown Cleveland was dead. Similar rumors circulated about the fate of the Rockefeller Building, 614 W. Superior Ave., and renovations to Rhodes Tower, 2124 Chester Ave., one of the projects in Cleveland State University quieted development master plan.
Read MoreCentennial still alive, among Ohio Brownfield winners Read More »
For many in the real estate investment community, 2023 was the year when few new big projects were financed. The projects that were already financed under better, prior market conditions saw their construction advance, making the real estate landscape appear rosier than it really was. Now, however, as we enter 2024, there is a light at the end of the tunnel with developers already reviving or making new plans.
Read MoreCleveland development: what to look for in 2024 — Downtown Read More »
This summer, renovations to a trio of large, former office buildings in downtown Cleveland are due to get underway that will convert their combined 2+ million square feet into mixed uses that will add 1,671 housing units, Class A office and co-working spaces, plus unique restaurant, retail and residential amenities. Total investment is projected to be $687 million for all three projects — The Centennial, 45 Erieview and The Rockefeller Building.
Read MoreHeating Up: 3 big downtown reno projects to start Read More »
This is the Nineteenth edition of Seeds & Sprouts – Early intelligence on Cleveland-area real estate projects. Because these projects are very early in their process of development or just a long-range plan, a lot can and probably will change their final shape, use and outcome.
Read MoreSeeds & Sprouts XIX — Cleveland apartment demand soars, downtown expansions & more Read More »
