Artcraft Building has a new suitor

The largest building in Cleveland’s former garment district, now the Superior
Arts District, is the Artcraft Building. There have been several attempts at re-
novating the building with new offices or new apartments. The building now
has a mystery suitor with an equally mysterious redevelopment goal for
 the property (Google). CLICK IMAGES TO ENLARGE THEM

Often the biggest domino is the last one to fall. That’s the case in the Superior Arts District where one former warehouse/textile building after another is falling under the redevelopment knife and coming out with a new lease on life. The biggest of those old buildings is the Artcraft Building, 2530-2570 Superior Ave. and is proving to be the most difficult to get rehabilitated.

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Megaproject candidates — a partial list

The Artisan, a 24-story apartment building, towers over Chester Avenue in
Cleveland’s University Circle. It is just one of a handful of large structures
planned or under construction in the massive Circle Square development
that is seeking for the second time a state tax credit intended to help such
complicated, expensive projects round out their financing packages (KJP).
CLICK IMAGES TO ENLARGE THEM

While a complete list of applicants for so-called “megaproject” tax credits won’t be available until sometime next week, NEOtrans has learned who a few of the local applicants are and aren’t, including at least one surprise. The deadline was today at 5 p.m. for submitting applications to the Ohio Department of Development for the second round of Transformational Mixed Use Development (TMUD) tax credits that could total $100 million worth of awards.

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Downtown construction boom looms

The last tower crane over downtown Cleveland was for the 34-story
Lumen apartments. It came down in February 2020, a month before
the pandemic hit in full force. The next tower crane arrives in August
for Sherwin-Williams’ new headquarters. Perhaps a half-dozen more
are likely to arrive in the next year downtown with more cranes in other
parts of Cleveland (KJP). CLICK IMAGES TO ENLARGE THEM.

Are you ready for some construction cranes, Cleveland? No, I’m not talking about the tower cranes that will rise next month above Sherwin-Williams’ new HQ west of Public Square or the crane soon to arrive over the City Club Apartments on Euclid Avenue. Those may be just the tip of the iceberg for downtown. And for this article we’re not even getting into the cranes above University Circle now and in the future. Or the future cranes above Ohio City. Or MidTown. Or near Edgewater Park. Or even near Gordon Park someday.

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Stokes West plans revised, gains support

Looking north in this birds-eye view from above the intersection of
Cedar Avenue and East 107th Street, one of the most significant additions
 to the Stokes West development is the construction of six for-rent town-
homes. The new townhomes would restore a street presence to Cedar
that would otherwise be lost by the demolition of six century-old
rowhouses. Beyond them are two connected towers with 255
apartments (LDA). CLICK IMAGES TO ENLARGE THEM

A largely vacant triangle of land in the southern part of Cleveland’s University Circle could see construction of a 261-unit residential development start by year’s end. But the part of the triangle that isn’t vacant has been a source of debate for the community. That piece is a group of six, century-old, brick rowhouses that was considered obsolete by the developer and deemed a hindrance to the community’s revitalization.

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Glenville regaining Superior density

Called the Gold Coast Lofts, this four-story, 71-unit apartment building with
ground-floor commercial space at the near corner is proposed to rise at the
southeast corner of the intersection of Superior Avenue and East 105th
Street in Cleveland’s Glenville neighborhood. A former bank branch,
now called the Jonell Building, is outlined at far left (RDL).
CLICK IMAGES TO ENLARGE THEM

Community development corporation Famicos Foundation proposes to build two buildings comprised mostly of apartments at two locations along Superior Avenue in Cleveland’s Glenville neighborhood. The two projects would develop underutilized properties along a once-vibrant street now lined with vacant land and abandoned buildings, to provide quality workforce and senior housing and help draw University Circle’s energy a little farther north.

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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).
CLICK IMAGES TO ENLARGE THEM

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).
CLICK IMAGES TO ENLARGE THEM

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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