Master Chrome coming down, cleaning up

Master Chrome, a fixture on Cleveland’s near West Side since
1950, is coming down over the next month or two. The state
of Ohio may seize the property and ultimately list it for sale
so the 0.57-acre property can be returned to productive
use (Google). CLICK IMAGES TO ENLARGE THEM.

Fencing went up yesterday around the former site of Master Chrome, a polluted brownfield industry, 5709 Herman Ave., in Cleveland’s Gordon Square neighborhood. And in the next month or two, its vine-covered building is coming down. After that, any contaminated materials and soil will be removed. Then the property’s future will be decided.

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Familiar Ohio City buildings go on sale for the first time in 143 years

The for-sale Fridrich Bicycle shop in Cleveland’s Ohio
City is actually five structures on three parcels plus four
more parcels that are vacant. The entire site is about
1 acre with large warehouses that were added onto the
original 19th century buildings along Lorain Avenue (The
Acclaimed Realty). CLICK IMAGES TO ENLARGE THEM.

It’s not unusual when buildings are sold by the owners who built them. But it is very unusual when those buildings are 143 years old.

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Cleveland sports venues seek $125M from state

Sports and entertainment are part of the Experience Economy, the fastest-
growing sector in the nation and is outpacing spending on material
goods by a factor of over 1.5, according to McKinsey & Co. Downtown
Cleveland’s Gateway District is the local heart of the Experience Economy,
which sees millions of visits per year (NEOtrans).
CLICK IMAGES TO ENLARGE THEM.

The Cleveland Guardians Major League Baseball team is seeking $64,795,282 for Progressive Field. The Cleveland Cavaliers National Basketball Association team wants $40,308,811 for Rocket Arena. And the Cleveland Soccer Group is in the running for $19.9 million to build a new soccer stadium, according to the Statehouse News Bureau.

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Developer joins Cushman & Wakefield-CRESCO

Brad Nosan is expanding his real estate reach and experiences by
joining Cushman & Wakefield – CRESCO Real Estate in an executive
capacity (CRESCO). CLICK IMAGES TO ENLARGE THEM.

A local real estate developer who has been involved in multiple, well-known projects is going to be getting busier after getting hired as a vice president of Independence-based brokerage and analytics firm Cushman & Wakefield – CRESCO Real Estate.

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Browns, Brook Park release new stadium master plan

The Browns’ new $2.4 billion stadium and mixed-use destination
will repurpose vacant industrial land in Brook Park near Cleve-
land Hopkins International Airport by 2029 (HKS, HSG).
CLICK IMAGES TO ENLARGE THEM.

A 68-page master planning document was unceremoniously released last week by the city of Brook Park and Haslam Sports Group (HSG). In it is the most detailed look yet at the key design standards and approach for developing the mixed-use district surrounding the Browns’ new stadium.

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