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| A trio of 19th-century buildings, including the former Arhaus Furniture headquarters, on Old River Road on Cleveland’s Flats East Bank are for sale and could benefit from emerging developments nearby (CRESCO). CLICK IMAGES TO ENLARGE THEM. |
Three of the most historic buildings on Cleveland’s Flats East Bank are now available for sale. And now might be an opportune time for them to get repositioned and redeveloped with other nearby properties getting new directions, too.
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| From the corner of Detroit and Belle avenues, the first building at CASTO’s Lakewood Common development in Downtown Lakewood has topped out (Harrison Whittaker). CLICK IMAGES TO ENLARGE THEM. |
While Lakewood lacks the undeveloped greenfield sites that allow outer-ring suburbs to accommodate growth through sprawl, building expansions and infill projects on vacant lots are allowing the historic streetcar suburb to grow its housing supply to meet new demand.
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| The Mandel Community Trail runs along the north side of North Marginal Road and the Shore- way highway, connecting Downtown Cleveland at East 9th Street and Gordon Park at East 55th Street. Much of the lakefront here is only worth passing through, not visiting, featuring barbed wire and Burke Lakefront Airport on the right (Noah Belli). CLICK IMAGES TO ENLARGE THEM. |
Today, officials and community partners celebrated the opening of the Mandel Community Trail, a $12 million, 2.7-mile off-road connection along Cleveland’s east-side lakefront between Downtown Cleveland at East 9th Street and Gordon Park at East 55th Street.
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| Downtown Cleveland’s second-largest building, as measured in square feet, is 925 Euclid. A court-appointed receiver of this foreclosed property declined to seek a stalking horse bidder prior to a scheduled auction in November (Google). CLICK IMAGES TO ENLARGE THEM. |
A court-appointed receiver of Downtown Cleveland’s second-largest building has opted not to select a stalking horse bidder prior to a scheduled auction to satisfy a foreclosure action.
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| Cleveland State University is offering to sell or lease its vacated Joseph E. Cole Center for Continuing Education on Chester Avenue. The 68-year-old building is located east of the Inner Belt highway, putting it just outside its main campus downtown (CSU). CLICK IMAGES TO ENLARGE THEM. |
On the same day that Cleveland State University (CSU) celebrated completing the renovation of historic Fenn Tower, another aging property at the east end of its Downtown Cleveland main campus awaits a new, unknown fate.
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| California-based health-tech firm Kinomatic has moved into the Hoyt Block at West St. Clair Avenue and West 6th Street in Downtown Cleveland’s Warehouse District. It’s the company’s first expansion beyond the Golden State (LoopNet). CLICK IMAGES TO ENLARGE THEM. |
In its first expansion outside of California, health-tech firm Kinomatic leased office space in Downtown Cleveland’s Warehouse District and has plans for growing and leasing a lot more space here.
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| The high-rise The Artisan apartments is about to be joined by another 24-story tower on the lot where the construction fencing is going up. Constructing it is the same development team as The Artisan which leased out in one year despite top-of-the-market rents. It’s the next crane-inducing construc- tion project in booming University Circle (Google). CLICK IMAGES TO ENLARGE THEM. |
Construction of high-rise apartment towers are indicative of more than just strength in a housing market. It’s often indicative of strengths of employment and amenities in the immediate vicinity, supported by a walkable setting.
