Cleveland developments to benefit from HB96

During a topping-off ceremony on July 8, crews set into place the last piece of struc-
tural steel (painted white) for the new Cleveland Clinic Global Peak Performance
Center for the first phase of Bedrock Real Estate’s Riverfront Cleveland develop-
ment. More projects on the riverfront and elsewhere downtown could be aided
by increased public incentives in the two-year state budget passed on
June 30 (Bedrock). CLICK IMAGES TO ENLARGE THEM.

When sifting through the many development incentives in the state’s newly passed two-year budget, it becomes clear that a lot of Cleveland urban core projects are going to be eligible for them and potentially benefit from them. But, as we saw from a state program to aid megaprojects, a program will only benefit a region if there are projects and their sponsors in that region who will apply for them.

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Year-round beer garden planned for Ohio City

Proposed for the southwest corner of Lorain Avenue and West 38th Street, the Noble
Market Biergarten involves renovating an existing building while adding a greenhouse
and patio for a year-round beer garden. The project’s backers say it will be the first such
beer garden in Cleveland’s Ohio City neighborhood (Horton Harper).
CLICK IMAGES TO ENLARGE THEM.

A long-vacant gas station and underutilized historic building at the southwest corner of Lorain Avenue and West 38th Street is proposed to become a near-west-side expansion for Noble Beast Brewing Co. But this wouldn’t be another brewpub in Cleveland’s Ohio City neighborhood. Instead, if realized, it would be the neighborhood’s first year-round beer garden.

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Port OKs financing for Berea, Cleveland, Lakewood, Richmond Hts developments

Redevelopment of the Lakewood Hospital site by CASTO of Columbus will be
called Lakewood Common. It was awarded financing today by the Port of Cleveland
to get that project underway (Dimit). CLICK IMAGES TO ENLARGE THEM.

The Port of Cleveland board of directors today approved bonds for five major development projects in four communities across the region — Berea, Cleveland, Lakewood and Richmond Heights. The total investment from the developments in these communities total more than $405 million.

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Collinwood site picked for modular home factory

Eleven years after it closed and less than a year before it was demolished, General
Electric’s Pitney Glass Works on East 152nd Street in Cleveland stood silent in July
2022 as a powerful reminder of America’s industrial prowess. Now cleared, the site
was named as the city’s preferred location for the construction of a modular home
factory (Google). CLICK IMAGES TO ENLARGE THEM.

A 22-acre site at 1133-1175 East 152nd Street in Cleveland’s Collinwood neighborhood was selected by city officials as the future home of a new factory for manufacturing affordable, modular homes. Now, the city has to decide which of four candidate companies it will offer the site to build its factory.

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Cosm was planned for Haslam’s Brook Park site

In a rendering that’s been circulating publicly for months, showing the planned,
enclosed Huntington Bank Field in Brook Park, closer inspection reveals that a
Cosm venue was planned for the mixed-use district adjacent to it. Cosm was con-
sidering it seriously enough to allow its logo to be used in this official rendering.
But Cosm ended up locating in Downtown Cleveland (HKS).
CLICK IMAGES TO ENLARGE THEM. 

This could be a battle to watch in the coming years — a battle of the billionaires and their venues for Northeast Ohio’s entertainment dollars. And in the latest round, the win goes to Dan Gilbert, David Blitzer and Downtown Cleveland for securing the fifth US location of Cosm, an immersive technology sports and entertainment attraction. But it almost went to suburban Brook Park.

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Cosm confirms it is coming to Downtown Cleveland

Based on preliminary site plans secured by NEOtrans, the external design of the
Dallas Cosm is comparable to what is planned for Downtown Cleveland. The site
plan revealed by NEOtrans several weeks ago suggests that this will be the north-
west corner of Cleveland’s Cosm, surrounded by new parking facilities and future
development (Cosm). CLICK IMAGES TO ENLARGE THEM.

Cosm, Bedrock, and Rock Entertainment Group (REG) announced today that Cosm, a leading immersive technology, media and entertainment company, will anchor Bedrock’s mixed-use Rock Block development in Downtown Cleveland’s Gateway District. NEOtrans was first to report on this pending development three weeks ago when site-preparation plans were submitted to the city.

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Sherwin-Williams set to open new R&D Center

Finishing touches are being put on Sherwin-Williams’ new Morikis Global Techno-
logy Center in Brecksville. Employees will start moving into the sprawling facility
in late-September and be done with the relocations by Christmas (Sherwin-Williams).
CLICK IMAGES TO ENLARGE THEM.

Schedules are coming into focus for the relocation of about 900 Sherwin-Williams’ employees who will be moving into the global coatings giant’s new Morikis Global Technology Center in south-suburban Brecksville. The change will also affect hundreds of Sherwin-Williams employees in Downtown Cleveland and in east-suburban Warrensville Heights.

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Warehouse District megaproject site offered

With the Rockefeller Building hitting the market at the same as the neighboring
Warehouse District parking lots owned by Stark Enterprises, it makes the larger
site more attractive to out-of-market investors. This rendering of the Rockefeller
Building and a conceptual neighboring tower on West Superior Avenue is part
of  the marketing (Leopardo-Heart). CLICK IMAGES TO ENLARGE THEM.

It’s not often that a 4.2-acre canvas in the heart of a busy central business district can be marketed to investors. But that’s what a swath of property in Downtown Cleveland’s Warehouse District can offer now that the Rockefeller Building is back on the market. And the larger property offering allows the Rockefeller to potentially be sold at a discount.

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GCRTA to aid in the expansion of two parks

Several parcels belonging to the Greater Cleveland Regional Transit Authority, below
its soaring Cuyahoga Viaduct near Downtown Cleveland, will be licensed to the
Cleveland Metroparks for an expansion of its Rivergate Park, seen here on the other
side of the Cuyahoga River (NEOtrans). CLICK IMAGES TO ENLARGE THEM.

Two parks in Cleveland are due to expand thanks to contributions of land by the Greater Cleveland Regional Transit Authority (GCRTA). The two parks involved are the Cleveland Metroparks’ Rivergate Park in the Flats near Downtown Cleveland and Hillside Park in the Kinsman neighborhood on the city’s East Side.

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Winners, losers from the Browns’ new stadium

In four years, this will likely be the scene at Brook Park, Ohio when the Cleveland
Browns open their 2029 season to fans and to critics alike. In fact, every winner in
this scenario has a down side, just as every loser has an upside (HKS).
CLICK IMAGES TO ENLARGE THEM.

There are winners and there are losers in the Haslam Sports Group’s effort to build a new, enclosed stadium in suburban Brook Park. But it is worth noting that all of the winners have lost something just as all of the losers have won something. And there are variables to this equation that will remain unknown until the future and those who choose to shape it reveal them.

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Cleveland wins WNBA team, new downtown activity

Rocket Arena is going to be active year-round thanks to Cleveland winning a WNBA
women’s basketball pro franchise. It might even help Downtown Cleveland businesses
offset some of the loss of the Cleveland Browns leaving downtown for suburban
Brook Park (Google). CLICK IMAGES TO ENLARGE THEM.

Starting in May 2028, Cleveland’s new Womens National Basketball Association (WNBA) team will begin playing in Downtown Cleveland at Rocket Arena. The expansion team will play half of its 44-game schedule at home and, if attendance is at least near the league-wide average, will help soften the impact of the Cleveland Browns football team moving from downtown to suburban Brook Park the following year.

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Port to start $25M rehab of huge warehouse

Outlined in red, the 50-year-old Warehouse A at the Port of Cleveland is about to get
$25 million worth of improvements and updates thanks to recent awards of federal
and state funds. Warehouse A is the port largest warehouse — as large as two
ships  (Port of Cleveland). CLICK IMAGES TO ENLARGE THEM.

In the coming weeks, major improvements will be made to the Port of Cleveland’s largest warehouse, a terminal warehouse that’s so large it equals the size of two ships. Plans for those improvements were submitted yesterday to the city in an application for a building permit to get started on the work as soon as possible.

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Haslams acquire Brook Park land for stadium

Earlier this week, 179 acres of land in suburban Brook Park transferred to an affiliate
of the Haslam Sports Group for a new sports and entertainment complex that will be
the site of the Cleveland Browns’ home football games (Myplace.cuyahogacounty.gov).
CLICK IMAGES TO ENLARGE THEM.

Although the deed transfer was signed June 24, the document transferring 179 acres of land to an affiliate of the Haslam Sports Group for a new stadium in Brook Park didn’t become public until today. Nonetheless, this is the deal that helps set the stage for the construction of a new $3.6 billion enclosed stadium and proposed supportive development for the new home of the Cleveland Browns.

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Hough senior housing tests first new zoning in 96 years

At the southeast corner of Hough Avenue, left, and East 89th Street, CHN Housing
Partners plans to build Hough Senior Independent Living. This project was rapidly
approved by the city and improved in its design because it is located in one of Cleve-
land’s four new Form-Based Code zoning pilot areas (HD+S).
CLICK IMAGES TO ENLARGE THEM.

Cleveland City Planning Commission today approved designs for a 55-unit affordable senior housing development in Cleveland’s Hough neighborhood. While that isn’t such a big story anymore, given the heightened pace of investment in this former poster child enclave of urban decay, it is when you consider the plans for this project were submitted to the city only in May.

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Development near Edgewater Park revived

A two-phase, 72-unit development is planned on Lake Avenue near Cleveland’s Edge-
water Park. A larger project was planned here previously but proved too expensive to
construct. The city’s new form-based zoning may allow this project to proceed
(Horton Harper). CLICK IMAGES TO ENLARGE THEM.

Three years ago, a team led by Beachwood-based Property Advisors Group (PAG) planned to build a large residential development at 8400 Lake Ave., overlooking Edgewater Park in Cleveland’s Detroit-Shoreway neighborhood. But with construction costs and interest rates rising, the timing wasn’t right. While costs are still high, the city’s new form-based zoning code may make a scaled-down project achievable and in a timely manner.

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Fenn Tower leads historic tax credit winners

A $50.4 million renovation of Fenn Tower at the east edge of Downtown Cleveland by
Cleveland State University got a big boost today by the Ohio Department f Develop-
ment when it awarded a maximum $5 million historic tax credit to the project (Google).
CLICK IMAGES TO ENLARGE THEM.

Northeast Ohio did well in the latest round of Ohio Historic Preservation Tax Credit Program awards, garnering nearly half of all awards in terms of dollar amount and total number of projects aided today. By contrast, only one project in fast-growing Central Ohio was awarded historic tax credits by the Ohio Department of Development.

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Ports of Cleveland, Shannon Foynes to link USA, EU

The routing of ships between Cleveland, Ohio, USA and Shannon Foynes, Ireland, EU
will be a direct route via the Great Lakes, St. Lawrence Seaway and North Atlantic
Ocean. That puts Cleveland closer to Ireland’s second-largest port than all of the
USA’s East Coast ports south of New York-New Jersey (Google).
CLICK IMAGES TO ENLARGE THEM.

Officials from the Port of Cleveland have signed a strategic agreement with those of Shannon Foynes Port Company (SFPC), Ireland’s second-largest port operator, to strengthen trade ties and unlock new business and economic opportunities between the Great Lakes region and Europe.

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Sinito walks away from running Millennia

Key Tower is owned by and is the headquarters of The Millennia Companies, one of the
largest affordable housing property owners and managers in the United States. It is re-
ducing its affordable housing portfolio, expanding into market-rate multifamily pro-
perties and, this month, went through significant leadership changes (NEOtrans).
CLICK IMAGES TO ENLARGE THEM.

Frank T. Sinito, founder of Millennia Companies, has stepped away from managing the day-to-day business of one of the nation’s largest owners and managers of affordable housing properties. In announcing this and other leadership changes, the company said it will be selling off parts of its affordable housing portfolio and expanding investments into market-rate housing.

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Downtown Cleveland won’t miss the Browns

Downtown Cleveland’s lakefront will be much more vibrant and publicly accessible
year-round without the massive Huntington Bank Field blocking its use to the public
on the public’s schedule. This unofficial rendering also assumes that Burke Lakefront
 Airport would be closed so that high-rise structures could be built on or near the
lakefront (Ardoonave). CLICK IMAGES TO ENLARGE THEM.

A downtown is a horrible place for a National Football League (NFL) stadium. It’s why half of the 32 NFL teams don’t play their home games at downtown-based venues. And when the Cleveland Browns leave downtown for suburban Brook Park, it will be Downtown Cleveland that gains the most their move, not Brook Park. The reasons for this are many.

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Ohio teams support DeWine’s stadium funding plan

Two existing sports and entertainment facilities plus one proposed venue are seen in
this view of the Gateway district from Terminal Tower. In the foreground is Rocket
Arena, followed by Progressive Field. To the right, just beyond the rapid transit tracks
and Inner Belt highway is the site of a professional soccer stadium (NEOtrans).
CLICK IMAGES TO ENLARGE THEM.

Fifteen of Ohio’s professional sports teams from among the major and minor leagues joined together in sending a letter to state leadership, expressing support for Gov. Mike DeWine’s proposed process to allocate funding for sports facility projects through House Bill 96 and the Ohio Unclaimed Funds proposal. But, noticeably absent were the two teams with the largest stadium funding requests.

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