Commercial foreclosure business is booming

In Downtown Cleveland, multiple buildings in receivership can be seen from Euclid Avenue and
East 12th Street, starting with the reddish Statler Arms apartments. Not only is it in foreclosure,
but so is 925 Euclid at left and Reserve Square, seen in the distance at right. Recently, LIV
Cleveland, originally the Chesterfield Apartments next to Reserve Square, was in fore-
closure, too (Google). CLICK IMAGES TO ENLARGE THEM.

When a company expands in an already busy market, the inference is that the company expects the market to get even busier. Unfortunately, that may be the case with the commercial property market where foreclosures keep coming and more receivers are getting appointed by courts to hire real estate brokers.

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The 50+ acres in play next to downtown, but few are talking about it

There’s a lot to unpack in this photo at East 24th Street and Central Avenue. First is the Nurses
Home arched doorway, a survivor from multiple demolitions of St. Vincent Charity Hospital,
leaving a vacant lot at far left. In the center beyond the fence are piles of rubble from another
demolition, that of the Cuyahoga County Juvenile Justice Center. And at far right is a corner
of the 22-acre Olde Cedar public housing and may be demolished, too. Downtown Cleveland
is in the distance (NEOtrans). CLICK IMAGES TO ENLARGE THEM.

Mega-redevelopment sites are emerging all around Downtown Cleveland. There’s the 50-acre lakefront site that includes the to-be-demolished Huntington Bank Field. There’s the nearly 40-acre Bedrock Riverfront site. There’s the 62-acre ex-Lake Shore Power Plant site just east of downtown. And there’s the 450-acre site that now contains Burke Lakefront Airport.

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ODOT approves funding for several Cuyahoga County projects

Road and rail construction in Cuyahoga County will benefit from state funding approved this
week by the Ohio Department of Transportation’s Transportation Review Advisory Council.
In 2020, the Opportunity Corridor Boulevard was getting built above while the light-rail
tracks of the Blue and Green Lines were getting rebuilt west of Shaker Square (GCRTA).
CLICK IMAGES TO ENLARGE THEM.

On Wednesday, the Ohio Department of Transportation’s (ODOT) Transportation Review Advisory Council (TRAC) released its latest list of construction commitments for transportation infrastructure throughout the state. Over $60 million is allocated to four projects in Cuyahoga county expected to begin construction within the year.

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Settling into Sherwin-Williams’ new HQ

Employees are settling into Sherwin-Williams’ new headquarters tower, fronted by its
pavilion on Cleveland’s Public Square. And like any new building, they’re still working
out the kinks as evidenced by the HVAC contractor’s van parked out front (NEOtrans).
CLICK IMAGES TO ENLARGE THEM.

On any given day, you’re bound to see a contractor’s truck or a repair van parked outside of Sherwin-Williams’ brand-new headquarters on the northwest side of Public Square, in Downtown Cleveland.

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One of Cleveland’s oldest churches to close

The Immaculate Conception Church, at left, has stood on Superior Avenue
at East 41st Street for nearly 150 years. Its future is now uncertain. Its rectory
and school is at right (NEOtrans). CLICK IMAGES TO ENLARGE THEM.

Immaculate Conception Church, 4129 Superior Ave, opened its doors to a young, Irish immigrant-heavy parish in 1878 on Cleveland’s near-east side. But with later generations of its parish having fled to the suburbs over the ensuing decades, services at the early English Gothic structure are due to end May 24, 2026, possibly forever.

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Burke Lakefront Park options released

Burke Lakefront Airport could be repurposed into a lakefront recreation area offered with
several design options offering differing amenities in different locations on the huge,
400-acre site (Google). CLICK IMAGES TO ENLARGE THEM.

The City of Cleveland and the North Coast Waterfront Development Corporation (NCWDC) today released plan options and economic impact findings for a recreation-focused, low-density redevelopment concept for Burke Lakefront Airport.

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TOD signals future for Detroit Avenue

Depot on Detroit breaks ground to the west of GCRTA’s West Blvd-Cudell rapid transit
station, served by Airport-Downtown-Windermere Red Line trains (Harrison Whittaker).
CLICK IMAGES TO ENLARGE THEM.

Construction activity on Cleveland’s West Side is ramping up inside the Transit-Oriented Development (TOD) Zone — defined by the city as the land within a quarter mile (about a five-minute walk) of a high-frequency transit station. Developments within the zone are exempt from parking mandates, reducing construction costs and encouraging transit ridership.

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GCRTA outlines proposed service cuts

Some changes are healthy, but the proposed service reductions to Greater Cleveland Re-
gional Transit Authority bus and rail routes may hurt some riders while forcing others to
walk a little farther to another route (NEOtrans). CLICK IMAGES TO ENLARGE THEM.

Last fall, the Greater Cleveland Regional Transit Authority (GCRTA) warned that its worsening budget situation would mean some potentially significant service cuts starting this year. But at a GCRTA board meeting today, staff said they are making other budget cuts that would lessen those service reductions.

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CSA Group to relocate to Valor Acres

CSA Group’s new head office and labs will relocate to a site along Brecksville Road at
Valor Acres in suburban Brecksville. In the background in this rendering is Sherwin-
Williams’ new Morikis Global Technology Center (DiGeronimo).
CLICK IMAGES TO ENLARGE THEM.

CSA Group, a global provider of testing, inspection and certification services, announced today that it will relocate and expand its U.S. Head Office to Valor Acres – a mixed-use, lifestyle center in suburban Brecksville.

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Will TMUD’s return transform Cleveland?

Construction cranes could return over Downtown Cleveland or major renovation projects
continue with the renewal of the state’s Transformational Mixed Use Development tax
credit (NEOtrans). CLICK IMAGES TO ENLARGE THEM.

A financial incentive originally designed to spur new construction in Downtown Cleveland has instead helped other Ohio downtowns. But with the Transformational Mixed Use Development (TMUD) tax credit program renewed by the Ohio General Assembly, there is a renewed chance for the program to benefit its birthplace.

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Canopy, Naia Noir embrace parkside living

Naia Noir rises above the Shoreway next to Edgewater Park (Harrison Whittaker).
CLICK IMAGES TO ENLARGE THEM.

In Cleveland’s Detroit-Shoreway neighborhood, a pair of residential developments featuring modern apartments has begun construction. The projects are each adjacent to an urban park — offering the benefits of urban living with seamless access to outdoor green space.

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Ironwood Flats panned, fast-tracked

The design of Ironwood Flats was inspired by neighboring, historic houses in Cleveland’s
Slavic Village with gables and different colored sections to break up the massing of the
building (RDL). CLICK IMAGES TO ENLARGE THEM.

Despite Cleveland City Planning Commission calling the design for a proposed affordable senior housing development in Slavic Village as unoriginal and its location isolated from community amenities, it urged that the project be approved in an expedited manner.

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925 Euclid heads to sale offering

Still standing proudly at the corner of East 9th Street and Euclid Avenue in Downtown
Cleveland, 925 Euclid’s prominence got taken down a few notches by being put up
for auction alongside auto parts stores, fast food joints and other retail properties
(NEOtrans). CLICK IMAGES TO ENLARGE THEM.

When it was built in 1924, 925 Euclid was one of the largest office buildings on the planet and had the largest bank lobby in the world. Now it’s being offered for sale among the likes of auto parts stores, fast food joints and other retail properties whose owners could no longer manage or financially support them.

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Hough building boom continues

Birthing Beautiful Communities constructs its new facility at Chester Avenue and
East 65th Street in Cleveland’s Hough neighborhood (Harrison Whittaker).
CLICK IMAGES TO ENLARGE THEM.

In 2022, NEOtrans reported on a wave of Hough construction projects which added a total of nearly 300 homes across four projects (Park Lamont, The Lumos, Addis View Apartments, and Gordon Crossing). Now, a flurry of groundbreakings — both residential and non-residential — are continuing that trend.

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Avelo Airlines expanding to Cleveland

Avelo Airlines is expanding to Cleveland starting in June with two new routes using
Boeing 737-800 aircraft (AveloAir.com). CLICK IMAGES TO ENLARGE THEM.

Shortly after low-fare carriers Frontier Airlines announced service reductions and Spirit Airlines announced it was ceasing its remaining service to Cleveland Hopkins International Airport, a new low-fare airline is stepping in to fill the void with two new routes.

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Public-private partnership emerges to save Rockefeller Building

The Rockefeller Building has another opportunity for a reprieve from the wrecking ball
if a public-private partnership can bring funding and plans together to save the historic
downtown structure (NEOtrans). CLICK IMAGES TO ENLARGE THEM.

K&D Group confirmed that it, along with the city and county land banks, are joining forces to acquire and redevelop the historic Rockefeller Building, 614 W. Superior Ave., in Downtown Cleveland. According to those who have been involved in the project, it may be one of the last, best hopes to save the building.

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Branded: Cuyahoga County’s first lakefront high-rise in 53 years

Overlooking the West Shoreway and Edgewater Park, just west of Downtown Cleveland,
the development project formerly known as the Shoreway Tower has been branded Naia
Noir (J-Roc, EAO). CLICK IMAGES TO ENLARGE THEM.

It has a new brand, a Web site, a wait list and a place already cemented in Greater Cleveland’s history. But what Naia Noir doesn’t have are modern competitors. In fact, after scouring our Lake Erie waterfront and Cuyahoga County records, NEOtrans contends that this is the first lakefront residential high-rise built in Cuyahoga County in 53 years.

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Sterle’s site to become Living at 55

Living at 55 is an affordable senior housing complex planned at the site of where Sterle’s
Country House stood for decades. The site is seen here at the northeast corner of East
55th Street and Prosser Avenue on Cleveland’s near-east side (City Architecture).
CLICK IMAGES TO ENLARGE THEM.

After a brief pause, the next chapter for a block of East 55th Street, between Bonna and Prosser avenues, is proposed to begin. That block, in Cleveland’s St. Clair-Superior neighborhood, held Frank Sterle’s Slovenian Country House for 68 years — an icon in Cleveland’s Slovenian and Croatian communities.

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New apartment complex sought near Clinic

The St. Agnes Church bell tower on Euclid Avenue once called parishioners to services. Now
it is calling residents to the site in the form of a proposed new apartment building. But the
bigger draw is Cleveland Clinic’s growing Main Campus, just two blocks to the
east (Google). CLICK IMAGES TO ENLARGE THEM.

A potentially large, mixed-use residential-retail development is in the early stages of planning, to be located just west of the Cleveland Clinic’s Main Campus. The site, 8000 Euclid Ave., notes a familiar, yet neglected city-designed landmark — the former bell tower of St. Agnes Church in the Fairfax neighborhood.

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Port OKs $60m for Cleveland, Highland Hills redevelopments

University Hospitals’ former customer services center off Northfield
and Harvard roads in Highland Hills will be repurposed as a
pathology lab in a $68.4 million project (Google).
CLICK IMAGES TO ENLARGE THEM.

The Port of Cleveland Board of Directors today approved two projects designed to strengthen Northeast Ohio’s economy, create jobs, and revitalize strategic properties in the region.

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