201 more apartments for Lorain Ave.

My Place Group LLC is seeking two mixed-use developments on Lorain
Avenue between West 44th-West 52nd streets in Cleveland’s Ohio City
neighborhood. Shown here is 45 West, an apartment building with a
small retail on Lorain Avenue, at left, off West 44th street, at right.
At the corner of Lorain and West 44th is a Sunoco gas station and
convenience store that is not part of the project (MA Design).
CLICK IMAGES TO ENLARGE THEM

With the paint still drying on its latest development along Lorain Avenue in Cleveland’s Ohio City neighborhood, real estate developer My Place Group is already planning its next investments which would extend that thoroughfare’s rebirth westward. Conceptual plans are being circulated among community stakeholders to get their input on two new developments that would add a total of 201 apartments plus additional ground-level retail spaces to the section of Lorain between West 44th and West 52nd streets.

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Seeds & Sprouts XXVII – Downtown apts groundbreaking due, Factory to be artist studios, Urgent Care tosses Pizza Hut

The Apartments At Bolivar are due to start rising next month between
Bolivar Road and Erie Court in downtown Cleveland’s Gateway District.
The new apartments will be between Progressive Field and Playhouse
Square and overlook the 200-plus-year-old Erie Street Cemetery
(Desmone). CLICK IMAGES TO ENLARGE THEM

Groundbreaking due for downtown apartments

The first sign of progress that’s visible on the landscape for The Apartments At Bolivar is expected to appear in mid-March when a groundbreaking for the large, planned apartment complex is due to be held, according to sources familiar with the project. But the first actual sign of construction activity must first begin with a demolition to help clear the way for site preparation and construction of this development in downtown Cleveland’s Gateway District.

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CWRU seeks more housing

Today, it’s a nursing home. Tomorrow, McGregor At Overlook may be
home to dozens of college students from Case Western Reserve University.
At least that’s the plan by the growing university which is doing what it
can to accommodate its increasing enrollment (Google).
CLICK IMAGES TO ENLARGE THEM

Symbolism comes in many forms. A compelling symbol for the University Circle-area economy is seeing a building which housed people at the end of their working lives be turned into one for people preparing to start their careers. That’s the plan for the McGregor At Overlook, 2187 Overlook Rd., which Case Western Reserve University (CWRU) wants to buy and convert into student housing. When you need space for a growing number of students, you do what you can to accommodate them.

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City staffing shortage threatens some Cleveland projects

With the first phase of Intro (at left in a simplified blue massing) in Ohio
City being a phenomenal success, its developers are eager to construct
phase two (at right in yellow). But trying to get the project far enough along
before the city of Cleveland’s tax abatement policies change at the end
of the year are proving to be difficult due to the shortage of staffing in
departments that administer approvals for construction projects (GCP).
CLICK IMAGES TO ENLARGE THEM

 

At the start of 2024, the city of Cleveland’s new tax abatement policy will go into effect. While the policy will remain basically unchanged for much of the city, it will become less supportive of developments in neighborhoods where construction has been most active — University Circle, Ohio City, Tremont and parts of downtown. So, in those areas, developers are trying to expedite the delivery of projects before the 15-year property tax abatement on new developments declines from 100 percent to 85 percent. But there’s something standing in the way of that acceleration: a lack of city staff to get projects approved in time.

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East Cleveland on track for $100M project

 The vacant, county-owned East Cleveland Adult Activity Center at Euclid and
Superior avenues awaits its next use, which could be as a grocery store and a
centerpiece to a potentially significant residential development between stations
on the HealthLine and Red Line rapid transit routes. The Red Line rail station is
visible in the background (Google). CLICK IMAGES TO ENLARGE THEM

Cuyahoga County Council’s approval this week of a property sale to a New York City-based developer could lead the way toward a “significant” development in the heart of East Cleveland. The site, at Euclid and Superior avenues, is just one-half-mile from the eastern edge of University Circle and set between stations on the HealthLine bus and Red Line rail rapid transit routes.

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MLK Plaza bought by DC developer

The 88,000-square-foot Martin Luther King Jr. Plaza in Cleveland’s Hough
neighborhood was sold last week to a Washington DC-based developer
which seeks to redevelop the site with housing, commercial and live-
work spaces (Google). CLICK IMAGES TO ENLARGE THEM

Continued redevelopment of Cleveland’s Hough neighborhood was put into play last week following the acquisition of 4.45 acres of property which has hosted the Martin Luther King Jr. Plaza, 9300 Wade Park Ave., since 1972. Purchasing the MLK Plaza on Feb. 6 for $2.75 million was an affiliate of Northern Real Estate Urban Ventures (NREUV), according to Cuyahoga County records.

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EY moving across downtown

Ernst & Young is leaving the trophy-class building that bears its name at Flats
East Bank along the Cuyahoga River in downtown Cleveland. Its offices will
 move across downtown to another building with a water view — North
Point Tower (LoopNet). CLICK IMAGES TO ENLARGE THEM

Although rumored for weeks, the announcement that EY (formerly Ernst & Young) is moving its offices out of one of only two trophy-class buildings in downtown Cleveland still came as a surprise to some longtime real estate executives. The 23-story office tower at 950 Main Ave. at Flats East Bank that bears Ernst & Young’s name has been one of downtown’s most expensive and successfully leased since it opened in 2013.

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