Big developer moving HQ to Chester in Midtown

CHN Housing Partners will move its growing headquarters and more than 185
jobs into this building on Chester Avenue in Cleveland’s Midtown neighbor-
hood. The building, to be renovated, will allow the company to continue to
grow and give it more visibility on a busier street (Google).
CLICK IMAGES TO ENLARGE THEM.

For more than 20 years, or roughly half of its organizational life, CHN Housing Partners’ headquarters has been in the same location at Cleveland’s Asia Plaza. But with a growing staff and a desire for more growth to increase the supply of affordable housing, it’s taking steps to move to larger, more visible quarters at 3711 Chester Ave. in Cleveland’s Midtown neighborhood.

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Key Tower in financial distress, too

Key Tower, Ohio’s tallest skyscraper, is apparently in financial distress and has
been for a while according to reports from a national real estate data and
analytics firm. Unfortunately, that’s increasingly the case for many
leasable office buildings in downtowns and suburbs alike (KJP).
CLICK IMAGES TO ENLARGE THEM.

According to a national real estate data and analytics firm, the 57-story Key Tower, 127 Public Square in Downtown Cleveland, is in financial distress. The distress is reportedly on the loans which the building’s owner secured to purchase the property in 2017. The owner itself is facing a growing number of financial issues, as well. But there may be a resolution on the horizon.

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Ownership stake in The Bell to be auctioned off

The former Ohio Bell headquarters, now The Bell mixed-use redevelopment, has
an ownership interest up for grabs at an auction scheduled with Maltz Auctions
on July 12 (KJP). CLICK IMAGES TO ENLARGE THEM.

With a certificate of occupancy in hand and leasing to start in two weeks, The Bell, 45 E. 9th St. in Downtown Cleveland, will be the subject of an online auction scheduled for next month. The auction is intended to make available a portion of the interest in a general partnership that owns the office-turned-residential building.

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Ferry Cap & Set Screw razed for new development

Demolition equipment sits atop large piles of debris left from the former Ferry
Cap & Set Screw Company on Scranton Road in Cleveland’s Tremont neigh-
borhood. WXZ Development leveled the building to create a 5-acre mixed-
use development site (KJP). CLICK IMAGES TO ENLARGE THEM.

Another big, old vacant factory in Cleveland has been knocked down. But this five-story factory, the former Ferry Cap & Set Screw Co., 2151 Scranton Rd. in Tremont, was recently the subject of a redevelopment plan. Its demolition by the owner/developer and the lack of a submitted plan for the site’s reuse is an intriguing turn of events.

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Port finances Cleveland, Mayfield apartments & more

The Gates Mills Villa Apartments in the Eastgate area of Mayfield Heights
will be renovated for $48 million thanks to financing arranged and approved
 today by the Cleveland-Cuyahoga County Port Authority (Google).
 CLICK IMAGES TO ENLARGE THEM.

Two major, multi-family residential projects, one in Cleveland and the other in Mayfield Heights, got their financing packages approved today by the Cleveland-Cuyahoga County Port Authority. About $47 million in revenue bonds were approved for the two projects which represent a combined investment of $65 million.

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Mortgage spat puts downtown building on market

The four-story office building 1020 Bolivar next to Downtown Cleveland’s Erie
Street Cemetery and the under-construction Ten60 Bolivar apartments has hit the
market after a receiver was approved by a court to oversee the property’s sale to
help resolve a foreclosure (Newmark). CLICK IMAGES TO ENLARGE THEM.

In a weak office market, another office property has been listed for sale. But this time, a Downtown Cleveland property is hitting the market because Cuyahoga County Common Pleas Court Judge Cassandra Collier-Williams ordered it to, so as to resolve a foreclosure complaint.

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Medical warehouse wins pitch competition

Cleveland-based BridgePort Group, a supply chain consultant, plans a 250,000-
square-foot, temperature-controlled warehouse for the medical and pharmaceutical
industries along Cleveland’s Opportunity Corridor at East 93rd Street. Its vision
won it first prize in the inaugural Cleveland Equitable Development Initiative
competition (BridgePort). CLICK IMAGES TO ENLARGE THEM.

An ambitious and innovative plan to construct a high-tech cold storage facility for medical and pharmaceutical uses along the Opportunity Corridor Boulevard has secured the top prize in the first Cleveland Equitable Development Initiative (CLE-EDI) real estate developer pitch competition. The competition was spearheaded by Cleveland Development Advisors and Cleveland Neighborhood Progress.

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Northern Ohio Blanket Mills ready for next role

In this northward-looking view, the Northern Ohio Blanket Mills is fully
redeveloped. However, some last-minute refinements are being provided
to the site and new commercial tenants are being accommodated. The
brick street across the image is St. Rocco’s Court with Fulton Road and
the Lin Omni Square on the left. West 33rd Street is to the extreme
right (Dimit). CLICK IMAGES TO ENLARGE THEM.

For more than 15 years, the landmark Northern Ohio Blanket Mills, 3160 W. 33rd St., sat empty and decaying. But this summer, following a $30 million renovation, residential and commercial tenants are moving into the 19th-century factory in Cleveland’s Clark-Fulton neighborhood that was once the country’s largest manufacturer of woolen horse blankets and carriage robes.

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Miceli Dairy plans $128M expansion, 250 new jobs

Miceli Dairy Products Co. facilities are due to expand in a three-phase development.
This view looks south on East 90th Street at the company’s offices and plant in Cleve-
land’s Buckeye-Woodhill neighborhood. The first phase of expansion will be just
beyond these buildings and include new warehousing and transportation
facilities (Google). CLICK IMAGES TO ENLARGE THEM.

Cleveland’s booming food industry on the city’s East Side continues to boom. The next explosive expansion could more than double the size of Miceli Dairy Products Co., 2721 E. 90th St., in Cleveland’s Buckeye-Woodhill neighborhood. The company, which turned 100 years old last year, is planning an investment of about $128 million divided among three phases of expansion that promises up to 250 new jobs.

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Sherwin-Williams outlines new HQ parking plan

With its West 3rd Street façade looking nearly finished today, the parking garage at
Sherwin-Williams’ new headquarters had been a subject of debate inside and out of
the company. This week, company officials outlined its headquarters parking plan
which will have an effect on Downtown Cleveland’s parking situation and
future developments (KJP). CLICK IMAGES TO ENLARGE THEM.

This week, Sherwin-Williams released a parking plan for workers at its new Downtown Cleveland headquarters that is due to open sometime in mid-2025. The parking plan was provided to the nearly 3,500 headquarters employees to answer their commuting questions, although the impacts of the plan will effect other workers, residents and visitors in the western part of downtown.

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St. Theodosius Cathedral begins its long recovery

To stabilize St. Theodosius Cathedral following its May 28 fire, the landmark
onion-shaped dome was removed from the top of the structure (Phil Bowman).
CLICK IMAGES TO ENLARGE THEM.

Plans for shoring up the structure of St. Theodosius Cathedral, 733 Starkweather Ave., in Cleveland’s Tremont neighborhood, to prevent its collapse following last week’s devastating fire were submitted to the city. The plans included close-up photographs of the extensive damage caused by the accidental May 28 fire. The photos were filed with the city today and published here by NEOtrans.

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Cleveland seeks one big grant for lakefront connector, Shoreway Blvd, multimodal station

 Looking east from West 3rd Street, there are multiple barriers between Downtown
Cleveland’s central business district, at right, and the Lake Erie waterfront, to the
left. They include the Shoreway highway, visible above the trees, and the access
ramps to it are in the foreground. Most of these features are due to go away if
the city is able to secure federal funds to afford it (Google).
CLICK IMAGES TO ENLARGE THEM.

In one of the largest single federal grant requests ever by the city of Cleveland, Mayor Justin Bibb’s administration is seeking $268 million from the federal government to tackle four main lakefront improvement projects simultaneously. The projects, which include reconfiguring the Shoreway highway into a boulevard with intersections, have the backing of the Ohio Department of Transportation (ODOT), Cuyahoga County and others.

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State lawmakers support some stadium funding

Due to its higher cost and smaller host city, constructing a new multi-purpose
stadium in the Cleveland suburb of Brook Park may depend more so on state
funding than a rebuild of Cleveland Browns Stadium on downtown’s lakefront.
And it appears that at least some state funding is forthcoming, source said
(contributed). CLICK IMAGES TO ENLARGE THEM.

A new multi-purpose stadium sought by the owners of the Cleveland Browns in suburban Brook Park appears to be growing legs thanks to a willingness by state lawmakers to fund a significant portion of the stadium’s construction costs. The biggest questions at this time are how much state funding may be forthcoming and will it make a big enough dent in the public sector side of the financial equation.

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Hough’s Rainey Institute to be civic incubator

The Eleanor Rainey Institute on East 55th Street in Cleveland is proposed to
become a co-working space and business/civic incubator run by the Cliquepoint
Data Foundation. The building at the corner of East 55th  and Dibble Avenue is
due to be renovated and expanded with a large addition put on the back of the
structure (Google). CLICK IMAGES TO ENLARGE THEM.

For 120 years, a settlement house at 1523 E. 55th St. has served the philanthropic needs of Cleveland’s Hough neighborhood. Following a planned $2 million structural renovation and expansion by the Cliquepoint Data Foundation, it will continue to serve the community albeit in a different capacity.

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