Next steps for Bedrock’s riverfront development

The full build-out of Bedrock’s ambitious $3.5 billion riverfront vision first requires the
foundation of infrastructure, public spaces and the creation of development sites for
the Detroit-based developer and others to construct their residential, hospitality,
office and entertainment buildings (Bedrock-MKSK).
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On Friday, representatives of Bedrock Real Estate will make a presentation to Cleveland’s City Planning Commission about the upcoming steps they will take to ready the site for their ambitious $3.5 billion riverfront development plan. But a majority of those early steps boil down to just one foundational word — infrastructure.

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Cleveland to make prime Ohio City site available

McCafferty Health Center on Lorain Avenue in Ohio City will be made available
to developers to construct affordable housing on the site in a neighborhood with
many expensive houses and apartments. This view is from the alley Fulton
Court behind the health center, near West 44th Street (Google).
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For years, the underutilized McCafferty Health Center at 4242 Lorain Ave. in Cleveland’s booming Ohio City neighborhood has been a topic of interest among real estate developers and community leaders. Today, Cleveland city officials announced they will soon be entertaining proposals for the site’s development.

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Let’s do another one! Cleveland entrepreneurs of color to compete again

In the first Cleveland Equitable Development Initiative, real estate developers of
color competed for financial prizes to support their projects and were mentored
along the way. Everyone who competed gained awards and insights so no one
went home empty-handed (Cleveland Development Advisors).
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After a successful inaugural effort of the Cleveland Equitable Development Initiative (CLE-EDI), the Cleveland Development Advisors (CDA) didn’t waste any time at all in deciding to pursue a second round of competitions for 2024-25. Applications open today for the CLE-EDI which aims to level the playing field for historically excluded real estate developers of color.

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