Source: Browns want inland stadium with roof

The Cleveland Browns are working to determine whether a structural
redesign of the 67,895-seat FirstEnergy Stadium may be in order to
bring the city-owned facility up to the standards of peer National
Football League venues. If a study now underway proves that to be
not feasible, as some Browns executives reportedly expect, then
the Browns will consider options for a new stadium (Google).
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A third source has now communicated with NEOtrans that the Cleveland Browns favor a new, retractable roof stadium built off the lakefront but in or near downtown. And this source is a high-ranking official within the National Football League team itself. Despite this, a team spokesman angrily denied the report and called the source “not credible.”

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Cleveland looks steady in new office market data

Under construction on Scranton Road in Cleveland, The Apex office
building is an anomaly. This is one of a precious few new office
buildings under construction that will be available for general lease.
This 312,000-square-foot building is being built to serve medical
offices that are in extremely short supply in Greater Cleveland which
is one of the tightest markets for available offices in the nation (KJP).
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Contrary to the narrative that office markets nationally and especially in Greater Cleveland are dead, two new reports show they are very much alive. And while they’re not fully recovered from the pandemic and remote working, some office markets including Cleveland’s have shown surprising resilience.

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Cleveland, Lakewood rehabs corner historic credits

St. Michael School on Scranton Road, south of Clark Avenue in Cleve-
land, is a Gothic beauty, albeit faded. It was among the local winners of
state historic tax credits to help facilitate their renovation and revival into
 new, productive uses (Google). CLICK IMAGES TO ENLARGE THEM

Several Greater Cleveland redevelopment projects in the works for years got a big boost today when they were among the 38 projects awarded nearly $40 million in historic tax credits by the Ohio Department of Development. The awards were part of the Ohio Historic Preservation Tax Credit Program that is administered in partnership with the Ohio History Connection’s State Historic Preservation Office.

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Seven-story building considered in University Circle

This may not be the last seven-story building constructed in University
Circle’s Uptown district. Another is planned behind the completed three-
story first phase, to the left of the US Route “322” road sign. This was
the scene in October 2013 at Euclid Avenue and Mayfield Road (KJP).
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MRN Ltd., owner of the Uptown development it built on both sides of Euclid Avenue in Cleveland’s University Circle, is weighing its first expansion of the mixed-use complex in eight years. That potential expansion, a seven-story apartment building, comes less than one month after the Cleveland-based developer put its existing Uptown property up for sale.

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Heating Up: 3 big downtown reno projects to start

These three large former office buildings in downtown Cleveland are due
to start their renovations and conversions this summer into mixed-use
structures that will add a total of 1,671 housing units and nearly $700
million in new investment into the central business district. The build-
ings are, from left, The Centennial, The Rockefeller Building and 45
Erieview (Millennia & KJP). CLICK IMAGES TO ENLARGE THEM

This summer, renovations to a trio of large, former office buildings in downtown Cleveland are due to get underway that will convert their combined 2+ million square feet into mixed uses that will add 1,671 housing units, Class A office and co-working spaces, plus unique restaurant, retail and residential amenities. Total investment is projected to be $687 million for all three projects — The Centennial, 45 Erieview and The Rockefeller Building.

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Browns leaning toward new stadium

In Minneapolis, the $975 million US Bank Stadium is well-integrated with
its downtown surroundings, making it easier for downtown visitors and re-
sidents to access the multi-purpose facility. It is next to hotels and other
hospitality venues and accessible by light-rail. As a domed facility, it is
used year-round for more than just Minnesota Vikings football
games (HKS). CLICK IMAGES TO ENLARGE THEM.

According to two sources close to the Cleveland Browns and its owner the Haslam Sports Group, the National Football League (NFL) team is leaning toward building a new stadium versus renovating the existing FirstEnergy Stadium. And the sources say the team already has at least two sites picked out as options for a new stadium that will likely cost in excess of $1 billion.

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Beachwood is home to apartment boom

The Icon, a 147-unit apartment building over ground-floor retail/com-
mercial uses is planned to be developed from the Commerce Park IV
office building near Chagrin Boulevard and Green Road. It is
the latest of many redevelopments from commercial to multi-
family residential uses in Beachwood (RDL).
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While one-third of all apartment demand in Greater Cleveland is downtown, Beachwood appears to be the most active suburb in the development of apartments. And that suburb’s activity was added to in a big way just this past week.

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