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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Bedrock splits Rock & Roll Land project

At the center of this image is a placeholder concept for Bedrock Real Estate’s Rock & Roll
Land Hotel & Theater. But that project is no longer in the cards. It’s viewed from a public
space on the other side of Collision Bend in the Cuyahoga River, next to where a new
6,200-seat amphitheater is planned by Bedrock that replaces the Rock & Roll Land
theater in its Riverfront plans (MKSK). CLICK IMAGES TO ENLARGE THEM.

Sometimes when one door closes, another opens. And other times that process works in reverse. When it comes to a proposed Rock & Roll Land Hotel & Theater in Bedrock Real Estate’s $3.5 billion Cuyahoga Riverfront development, the second scenario is reportedly in play.

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Historic Warner & Swasey factory begins $64M restoration

The former headquarters of Warner & Swasey, a manufacturer of machine tools,
has sat decaying on Cleveland’s Carnegie Avenue for four decades. By 2028,
it may serve as a catalyst for the area’s revitalization (Harrison Whittaker).
CLICK IMAGES TO ENLARGE THEM.

Across the two-mile-long, four-block-wide district known as Midtown Cleveland, several critical projects are finally seeing construction activity. The largest of those, a $64 million rehabilitation of the abandoned Warner & Swasey machine tools factory, will add 112 apartments to the area in its first phase.

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Sherwin-Williams’ new HQ overflowing

The new Sherwin-Williams headquarters fits in with its neighbors in the Downtown Cleveland
skyline. And that new HQ is full — so much so that IT staff were reportedly allowed to work
remotely so employees at another downtown building could move in (The Sherwin-Williams
Company). CLICK IMAGES TO ENLARGE THEM.

When Sherwin-Williams’ (SHW) headquarters was still under construction in 2024, the company’s executives said they would wait and see how employees filled out the new tower just west of Downtown Cleveland’s Public Square before making any new facility-related decisions. As the tower fills, they’re starting to get some answers.

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Downtown getting new basketball park

This unofficial rendering is how an NBA-sized basketball court could fit on the now-grassy
lot of the Meet Me Here Park at the northeast corner of Ontario Street and Huron Road
in Downtown Cleveland (Google). CLICK IMAGES TO ENLARGE THEM.

Downtown Cleveland is getting a new public park — which is to say that a mostly useless patch of grass is about to get activated. And the proposed use probably makes sense, given what’s across the street from it.

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