Gateway megaproject taking shape

In a massing made for NEOtrans, this unofficial view shows what
a pair of significant developments in downtown Cleveland’s Gate-
way District could look like on land sought by Bedrock Real Estate,
left, and the other by Harris Blitzer Sports & Entertainment, right.
Both are shown in a simplified massing with just one principal
tower for each site, although more than two towers total could
be built. They are intended to capitalize on the proximity of
the Gateway Sports & Entertainment Complex that includes
the recently renovated Rocket Mortgage FieldHouse and
the to-be-renovated Progressive Field (Ian McDaniel).
CLICK IMAGES TO ENLARGE THEM

Cleveland Cavaliers owner Dan Gilbert along with potential Cleveland Guardians’ minority owners, partners David Blitzer and Josh Harris, are reportedly joining forces on a huge, coordinated real estate development that would transform downtown Cleveland between its central business district and the Gateway sports facilities.

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Samsel Supply in Flats sells to developer

On Cleveland’s Flats East Bank, the two buildings at the right are only
a part of the Samsel Supply Co.’s properties on Old River Road it sold
to GBX Group LLC. But the red brick building is the largest of them,
and it may be expanded vertically to accommodate apartments atop,
with parking in the four floors above ground-floor retail and res-
taurants (Google). CLICK IMAGES TO ENLARGE THEM

In a few years, a group of 100- to 150-year-old Samsel Supply Co. buildings on both sides of Old River Road on downtown Cleveland’s Flats East Bank, could gain new life, according to several real estate sources. The reason is that Cleveland-based GBX Group LLC, doing business through several affiliates created for the ownership of these properties, acquired the five buildings and intends to redesign at least one of them — possibly significantly.

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Renovated 75 Public Square ready for residents

Following a $43 million renovation and conversion from an
office building, the 15-story 75 Public Square North began
receiving its first residential tenants two days before the end
of 2021 (all photos: Shawn Zbasnik, CleveCleveland Con-
struction Inc.). CLICK IMAGES TO ENLARGE THEM

The 107-year-old 75 Public Square building began its third life two days before the end of 2021. In the coming weeks and months, as more tenants call it home, the building will become more lively and be “illuminated” once again. Two Cleveland-area companies helped this Classical Revival example of architecture get its third wind.

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League Park mixed-use development planned

Hough is seeing significant new investment thanks to several nearby economic
engines — University Circle/Cleveland, the growing Midtown innovation hub
and League Park where the Cleveland Spiders, Indians and Buckeyes
played pro baseball until 1950. In this northwest-looking aerial view,
League Park is to the right, the new Hough Branch of the Cleveland
Public Library is at lower left and a planned development centered
around the Baseball Heritage Museum is in between
(City Architecture). CLICK IMAGES TO ENLARGE THEM

A $5.5 million mixed-use development in Cleveland’s Hough neighborhood aims to capitalize on one of the neighborhood’s assets to restore some of the vibrancy it lost decades ago. It is building off of other developments that are underway and planned that promise to turn this recovering neighborhood into a stronger community.

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There’s much to look forward to in 2022

Currently downtown Cleveland’s biggest real estate development,
construction of the new Sherwin-Williams global headquarters is
already underway west of Public Square and will deliver the
fourth-tallest tower in the city. But it remains to be seen if
another project might soon challenge this HQ project (KJP).
CLICK IMAGES TO ENLARGE THEM

If you thought 2021 was busy real estate-wise, there is every indication that 2022 is going to be even busier. And it looks to start off big in January with announcements about what Cleveland-area projects will win the first round of Transformational Mixed Use Development tax credits. There are nine Greater Cleveland megaprojects that are TMUD applicants, so the fate of half of the projects in this list of what to watch out for in 2022 will depend heavily on which projects win TMUD credits and how much of their originally requested amount they will receive.

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NRP Group taking fresh look at Scranton Peninsula

NRP Group’s city-approved plan for The Peninsula in 2019 featured 330
apartments and 15 townhomes, with most of the townhouses used to screen
a two-level parking garage. This aerial graphic looks east at Scranton Pe-
ninsula with Carter Road and the Cuyahoga River at the bottom and the
curving Flats Industrial Railroad across the top (BKV).
CLICK IMAGES TO ENLARGE THEM

Apartment developer NRP Group appears to have had a change of heart about its decision to walk away from developing on Scranton Peninsula near downtown Cleveland, according to two sources with direct knowledge of the company’s plans.

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Stark has buyer for downtown nuCLEus properties

This was the last of several incrementally smaller designs for
nuCLEus prior to Stark Enterprises abandoning the development
and selling the properties on which it would have been built.
It isn’t known who the buyer is, but based on recent, comparable
downtown property sales, the buyer would have to have deep
pockets and want to deliver a large development of its own to
get a return on its sizable investment (Stark).
CLICK IMAGES TO ENLARGE THEM

Properties that were part of Stark Enterprises’ ill-fated nuCLEus megaproject are in the process of being sold in a private, off-market transaction. However, the scope of the sale, the buyer’s identity and the buyer’s intentions remain a mystery. Public records emerged this week showing that there is a pending transaction.

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