Friday, August 11, 2023

Cleveland Thermal target of acquisition

The 129-year-old coal-fired Cleveland Thermal steam heating plant on Canal
Road, at right, in downtown was shut down nearly seven years ago and is next
to the big Bedrock riverfront development site. It’s worth watching to see what
happens next to this and a couple of other sites around town (Google).
CLICK IMAGES TO ENLARGE THEM.

As Dan Gilbert’s real estate firm gets ready to roll out the details of phase one of its riverfront development, a neighboring fixture on the banks of the Cuyahoga River since 1894 may not be around much longer. The long-closed Cleveland Thermal steam heating plant, 2274 Canal Rd., along with possibly other properties of Cleveland Thermal Generation LLC are in the process of being acquired, according to a real estate source.

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