The power play property next to new Sherwin-Williams’ new HQ site is in play

Originally built in 1882 as the Gilman Building, 1350 W. 3rd St.,
this structure has served many owners and tenants over the past
139 years. It could soon serve another owner who might be its
last or could hold on to it for a developer with a plan (KJP).
CLICK IMAGES TO ENLARGE THEM

It’s not much to look at right now, but a five-story commercial building at the southwest corner of St. Clair Avenue and West 3rd Street in downtown Cleveland appears to be the subject of a power play. That play ultimately involves Sherwin-Williams (SHW) and the neighboring site where its proposed global headquarters is due to rise starting this winter.

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Investors putting big money into Glenville

This pair of century-old apartment buildings on either side of East
105th Street at Colonial Avenue are among 20 Glenville buildings
that were acquired by an investor who is renovating them with
affordable housing (Google).
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Denver and Cleveland investors acquired 20 Glenville apartment buildings with the intent of renovating them with affordable housing. The investors, Cardinal Housing Group and Salus Development, are committing $16.6 million to property acquisitions and rehabilitations, according to city of Cleveland and Cuyahoga County records.

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Judge rules in favor of city, Little Italy development

Looking generally south along East 123rd Street in Little Italy, Woodhill Coltman
Partners LLC will reportedly restart construction work on a four-story apartment
building following a judge’s ruling. South and east of the 80-unit apartment build-
ing, the development team will also build 17 townhouses (SixMo).
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A Cuyahoga County Common Pleas Court judge has ruled that two residents of Cleveland’s Little Italy neighborhood lacked the standing and evidence to sustain an appeal challenging the development of a nearby apartment building. Judge Michael J. Russo dismissed the lawsuit, allowing construction at the former Woodhill Supply, 1862 E. 123rd St., to restart.

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Stark confirms nuCLEus project is ‘on hold’

Last year, Stark Enterprises was ready to build this scaled-down
version of nuCLEus featuring a 24-story office tower above a pe-
destal of retail and parking. But a Stark representative blamed
the pandemic and difficulties competing with Steelyard Commons
in attracting retail to downtown Cleveland (Stark).
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A Stark Enterprises executive has confirmed the firm’s dramatic and ambitious nuCLEus development planned for downtown Cleveland is on hold.

The project was originally proposed in 2014 as a multi-structure, 2-million-square-foot, mixed-use development marked by a 54-story tower. Since, nuCLEus was shrunk twice to a single 24-story office tower atop a pedestal of parking and retail as Stark searched for a public subsidy to overcome Cleveland’s high construction costs and low rents.

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CSU looks to double its on-campus housing

Cleveland State University reportedly is in talks to acquire The Edge
on Euclid Apartments as well as The Langston Apartments on Chester
Avenue to more than double its on-campus housing options for a grow-
ing student enrollment (CRG). CLICK IMAGES TO ENLARGE THEM

Growing enrollment at Cleveland State University may soon cause visible changes to downtown Cleveland’s landscape. According to two sources close to the university, CSU is in negotiations to acquire two large apartment properties that would allow it to more than double its inventory of on-campus student housing.

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Ohio City Carriage Works mixed-use plan announced

Everything from a maker space to a tiny hotel to a speakeasy are planned
for the vacant Voss Industries plant on West 25th Street. Some parts of the
 complex are proposed to be demolished while other parts would be added.
The demolitions would create pedestrian laneways through the site, lined
with retail and restaurants as well as some strategically placed parking
lots (CBRE). CLICK IMAGES TO ENLARGE THEM

New details have emerged about a significant adaptive re-use of the vacant Voss Industries plant, 2168 W. 25th St., in Cleveland’s Ohio City neighborhood that is proposed to see construction start in early 2022. As outlined in a real estate brokerage’s marketing piece, MRN Ltd.’s Carriage Works would deliver by the end of 2023 some very diverse uses that may overshadow the project’s 80-apartment residential component.

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University Circle inks property deal with developer

Brent Zimmerman, a real estate developer and co-founder of Saucy
Brew Works, signed a ground lease today with University Circle Inc.
that opens the door to a planned multi-story, mixed-use development
on Stokes Boulevard. This is an old rendering of the proposed deve-
lopment which Zimmerman pledged will be at least as dense as this
(Maison). CLICK IMAGES TO ENLARGE THEM 

On his second-to-last day as president of University Circle Inc. (UCI), Chris Ronayne signed a ground lease agreement with real estate developer Brent Zimmerman Development LLC for a proposed mixed-use development. The lease includes a triangular piece of land measuring about 2.2 acres and bounded by Stokes Boulevard, Cedar Avenue and East 107th Street. Terms of the deal weren’t disclosed.

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