Because of their cost and complexity, Downtown Cleveland megaprojects don’t usually have a strong track record of becoming a reality. But Bedrock Real Estate’s vision for the downtown riverfront between Tower City Center and the Cuyahoga River appears to be coming together more quickly as time goes on. And, in recent weeks, NEOtrans has learned that several large tenants are in the works for the major development.Read More
Billionaire Dan Gilbert can ride up and down Woodward Avenue in downtown Detroit and admire his work like no one else can. He can point at buildings like a kid checking out baseball cards in a collector’s showcase and say “got it, need it, got it, got it…”
Perhaps he and his real estate company Bedrock might have the opportunity to do that soon in downtown Cleveland, too. And while Euclid Avenue is our main street like Woodward is Detroit’s, most of Gilbert’s acquisitions in Cleveland are along Prospect Avenue and Huron Road. There are some other differences as well, which may offer the opportunity for seeing some more construction workers and cranes in downtown Cleveland. Thankfully, Gilbert can count his properties and his blessings as he is almost fully recovered from a 2019 stroke.Read More
There is increasing evidence that Bedrock Real Estate is advancing more quickly in developing its downtown Cleveland riverfront development vision despite earlier information that it would take a longer-term approach there. There simply is more visible activity happening there compared to a site in the Gateway District where real estate investments were reportedly in planning.Read More
NEOtrans is receiving word that the proposed Bedrock megaproject in downtown’s Cleveland Gateway District may be comparable in scale to a major development in downtown Detroit. When asked how big Bedrock’s planned development in downtown Cleveland might be, two sources close to the Detroit-based firm said “Look at the Hudson’s Site.”Read More
This is the Seventeenth 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.
Cleveland Cavaliers team shop to get facelift.
Minute Men Staffing publicly releases HQ expansion plans.
Two townhouse projects planned, east and west.
It’s a contradiction. Cleveland and the rest of the nation are in the midst of an historic office market slowdown that will likely last well into the post-pandemic era. And yet, Cleveland may be the recipient of up to seven new office towers in the next five years or so — six of those could rise downtown and one in University Circle.Read More