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| State officials said they need more time to decide which projects around Ohio will win up to $100 million in tax credits from the new Transfor- mational Mixed Use Developments program (LOC). CLICK IMAGES TO ENLARGE THEM |
It’s going to be a little while longer before the developers of 42 projects, many of them megaprojects, across the state learn whether their project is going to win a golden ticket and get a big step closer to their own groundbreaking ceremony.
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| Haslam Sports Group, owners of the Cleveland Browns, seek construction of this landbridge and conversion of the Shoreway into a boulevard to bet- ter connect downtown with the lakefront. That and inclusion of a multi- modal transportation center within the landbridge would support develop- ment of the lakefront with public spaces, housing, hotels, offices, shops and restaurants (AoDK). CLICK IMAGES TO ENLARGE THEM |
The fate of lakefront development in Cleveland appears to depend on whether local, regional and state policymakers want more traffic and for it to pass through downtown quickly or to have less traffic and for it to travel into the central business district more slowly.
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| Downtown Cleveland’s third-tallest building, 200 Public Square, is facing multiple challenges in the 2020s. The owner of the building is taking those challenges head-on by pumping millions of dollars worth of improvements into the building so it can better compete for tenants (KJP). CLICK IMAGES TO ENLARGE THEM |
The pandemic, remote working, tenant downsizing and a flight to quality are challenges facing New York City-based DRA Advisors. In downtown Cleveland, they are fighting those challenges with a 37-year-old skyscraper, 200 Public Square.
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| This unofficial massing requested by NEOtrans shows the scale of a potential Gateway District megaproject. The Bedrock Real Estate portion alone (portrayed here by the two grayish-blue towers at left) was described by sources as being larger than what was proposed for nuCLEus. That doesn’t include the Harris-Blitzer Sports & En- tertainment portion which could feature an apartment tower, seen beyond the right field wall of Progressive Field (foreground). This view looks north from Interstate 90 with Ontario Street at left and East 9th Street at right (Ian McDaniel). CLICK IMAGES TO ENLARGE THEM |
Although the now-dead nuCLEus plan enticed us with its promise of a large-scale project for seven years, there are growing indications that a potential megaproject in downtown Cleveland’s Gateway District could be even larger. And hopefully it won’t tease Clevelanders for as long only to reach an unsatisfactory conclusion.
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| Two eight-story apartment complexes just west of Cleveland’s Shaker Square and across Shaker Boulevard from each other were purchased last week by a Chicago-area investor that typically invests in its pro- perties to add value to them. One property is The Vista At Shaker Square seen at far-right and the Shaker North Apartments seen in the distance at far-left. This August 2021 view is looking east along Shaker Boulevard toward Shaker Square (Google). CLICK IMAGES TO ENLARGE THEM |
Last week, a large, Chicago-area investment firm that reinvigorates multi-family properties acquired two aging, mid-rise apartment complexes on Shaker Boulevard just west of Cleveland’s Shaker Square for $12.4 million, according to public records. The buyer, AMG Realty Group of Skokie, IL, typically looks for faded, undervalued properties so it can update them and improve their management to boost occupancy and then re-sell them.
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| This is one of two 42-unit apartment buildings that Geis Companies wants to build in Cleveland’s Hough neighborhood. The building shown above is proposed to be built at 1830 E. 82nd St., just south of the parking lot for the Northeast Ohio Neighborhood Health Center that’s located on Hough Avenue (GLSD). CLICK IMAGES TO ENLARGE THEM |
With development activity increasing in Cleveland’s Hough neighborhood, one of Greater Cleveland’s largest real estate developers is doubling down on its bet that this community has a bright future. It’s a sharp change in fortune for a neighborhood that investors and developers had avoided for decades.
This is the Twenty-First edition of Seeds & Sprouts – Early intelligence on Cleveland-area real estate projects. Because these projects are very early in their process of development or just a long-range plan, a lot can and probably will change their final shape, use and outcome.
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| This former Denny’s restaurant on Brookpark Road will become part of Sweeties Candy Co., seen next door at 6770 Brookpark. In an ex- pansion plan, the closed restaurant will become a factory and a new warehouse will be constructed behind it in Cleveland’s Old Brooklyn neighborhood (Google). CLICK IMAGES TO ENLARGE THEM |
In this article:
Sweeties Candy expanding on Brookpark Road
A miracle on East 86th Street?
Scholar House to start construction by Spring
