Shaker Square apartments project revived

 

Several years ago, Paran Management Co. pursued a 135-unit apartment
building where the Van Aken Plaza now stands next to Shaker Square. This
was a conceptual rendering for it. Now, Paran Management is planning a
mixed-use development by keeping and renovating the curved office
 building and a small commercial structure at the intersection of
Shaker and Van Aken boulevards. Van Aken Plaza will still be
razed but for a slightly smaller apartment building (RDL).
CLICK IMAGES TO ENLARGE THEM

Citing a lack of a modern apartments at Shaker Square, Paran Management Company Ltd. is reviving its plan for constructing a multi-family building next to the historic mixed-use neighborhood center. But the plans come with a new angle — preserving the historic office and commercial structures at the southwest corner of Shaker and Van Aken boulevards.

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New Casa d’Angolo design gets cool reception

Looking north from the bocce courts at Alta House, the Casa d’Angolo
condominiums would rise above Mayfield Road. This conceptual de-
sign received pushback from the City Landmarks Commission which
considered the building monolithic even though it is eight feet shorter
than the La Collina Apartments less than a block away (Maschke).
CLICK IMAGES TO ENLARGE THEM

Conceptual plans for a proposed modern, five-story luxury condominium development called Casa d’Angolo, or “corner house “in Italian, were sent back to the drawing board by the Cleveland Landmarks Commission yesterday. The recommendation came despite a member of the development team predicting the condos would become a Little Italy landmark equal to that of the Holy Rosary Church.

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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).
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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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