Tuesday, April 26, 2022

Near West Side continues to boom

Looking south on West 20th Street from near the Norfolk Southern
railroad tracks, the West 20th Apartments would continue to add to the
growing housing density of the Lincoln Heights section of Cleveland’s
Tremont. The first level along this wing of the building is proposed to be
enclosed parking (GLSD). CLICK IMAGES TO ENLARGE THEM

If it’s Tuesday, then the West Side must be adding another apartment building. With remarkable frequency, Tremont, Ohio City and other near-west-side Cleveland neighborhoods continue to attract new residential developments. And given the current tight state of the local real estate market, that means more apartments. Lots of them.

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Sunday, April 24, 2022

Evergreen plants itself in fertile ground

Representing a million-dollar investment, the new home of Evergreen
Podcasts on St. Clair Avenue, just east of downtown, will do more than
support this new technology company. It’s also home to two other new-
start businesses. And the principals hope to turn the neighboring proper-
ties in to a creative hub (KJP). CLICK IMAGES TO ENLARGE THEM

When Michael DeAloia shows off the new home of Evergreen Podcasts, there’s an air of entrepreneurial energy and optimism in the place. Crafted out of the former radio studios and offices of WZZP/WDOK-FM at 2644 St. Clair Ave., the fresh smell of paint and carpet pushed around by the action of people coming and going makes the building feel reinvigorated. That aura extends to the surrounding area on the east side of downtown.

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Friday, April 22, 2022

New Hough apartment complex for sale

The Axis at Ansel is next to University Circle which was named by USA
Today in 2021 as the “Best Arts District” in the country. The district con-
tinues to be recognized as a prestigious, yet accessible community to live,
 work and play (Colliers). CLICK IMAGES TO ENLARGE THEM

If there’s any building that shows the strength of the housing market in Cleveland’s University Circe, it’s the Axis at Ansel which is now for sale. Despite starting with two strikes against it, the developer hit a leasing home run. And now Signet Real Estate Group of Akron hopes to close out the game by selling the 163-unit apartment building and possibly use the sale proceeds for its next project in the booming area.

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Wednesday, April 20, 2022

Seeds & Sprouts XXIII — IMG moving, Flats South, Analiza, May Dugan, Mens’ Shelter expanding

IMG Group is reportedly moving from
one for-sale downtown Cleveland property
to another that’s also for sale (Hertz).
CLICK IMAGES TO ENLARGE THEM

In this article:

  • IMG Group reportedly moving nearby
  • Flats South redevelopment activity increasing
  • Life sciences biz expands at Tyler Village
  • May Dugan Center, Men’s Shelter expanding

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Friday, April 15, 2022

Bridgeworks design to be re-refined

This stone-built garage at the west end of the Detroit-Superior Bridge
in Cleveland’s Ohio City is proposed to be demolished to make way
for a 15-story mixed-use high-rise building here. But demolition plans
for the Bridgeworks tower were denied and its developers advised to
incorporate features from the Art Deco-designed garage into the plan
(Google). CLICK IMAGES TO ENLARGE THEM

Development team members of a proposed high rise in Cleveland’s Ohio City neighborhood are going back to the drawing board again. While this redesign may be less significant than the last one, done to bring Bridgeworks’ costs in line with available financing, its impact on the residential-hotel-retail project’s $60+ million budget is not yet known.

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Wednesday, April 13, 2022

Downtown sites to add retail sports betting

With a view toward the southeast corner of the Jack Cleveland Casino, this
rendering shows what the retail sportsbook in the downtown casino will
look like including video walls, betting windows, theater-style seating
and banquettes (Cupkovic). CLICK IMAGES TO ENLARGE THEM 

After Ohio legalized sports betting last December, several locations in downtown Cleveland are getting ready to compete in offering sportsbook retail venues where customers can place bets on a wide variety of sporting events. And they’re doing it before the Ohio Casino Control Commission has established the ground rules for making applications for up to 40 sportsbook licenses statewide.

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Tuesday, April 12, 2022

Bedrock hires ‘starchitect’ for Cleveland riverfront

World-renowned architect Sir David Adjaye, left, stands with Cleveland
Mayor Justin Bibb and Bedrock CEO Kofi Bonner at Cleveland City Hall
to announce further progress on Bedrock Real Estate’s plans for redeveloping
 the Cuyahoga River waterfront below Tower City Center (Bedrock).
CLICK IMAGES TO ENLARGE THEM

More evidence emerged today that the riverfront development of Tower City Center in downtown Cleveland isn’t some distant-future exercise of Bedrock Real Estate and instead is an active development project. That evidence was found in Detroit-based Bedrock hiring world renowned architect Sir David Adjaye OBE.

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