Erieview Tower redo faces setbacks

Redevelopment of the Erieview Tower in downtown Cleveland appears headed
back to the drawing board after two large, proposed tenants have reportedly
backed out of the project. This follows the recent and impending depar-
tures of two major law firms from the property as well (Google).
CLICK IMAGES TO ENLARGE THEM

Despite winning $23 million in tax credits to enable a $100 million historic and transformational redevelopment of the Tower at Erieview, two major proposed tenants are reportedly backing out of the project. Conversion of the 1964-built, 40-story office tower and its Galleria mall, 1301 E. 9th St., with more mixed uses could be facing an uphill climb with the apparent withdrawal of a luxury W Hotel and co-working chain Industrious.

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Scranton Peninsula then and now

 Screenshot of Scranton Peninsula video from NEOtrans' YouTube channel.

Scranton Peninsula is one of those places in Cleveland’s urban core that gets no love and seems to always be late to the party because of it. While it’s finally starting to see some significant redevelopment, the 80-acre Scranton Peninsula is historically one of the last areas of the Flats to get attention from investors and developers.

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Astro to launch from a Hard Rock

On the ground floor of the Skylight Office Tower, at the northwest corner
of West Huron Road and West 2nd Street in downtown’s Tower City complex,
a new, large and thematic establishment called The Astro Restaurant could open

as early as this September (Google). CLICK IMAGES TO ENLARGE THEM.

After sitting empty for seven years, the space at Tower City Center that housed Hard Rock Cafe in downtown Cleveland finally will have a new restaurant with a new theme, possibly as early as this September. But it took an invitation from Bedrock Cleveland to consider the site at 230 W. Huron Rd. before the new restaurant’s partners decided to splashdown there.

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A dozen high-rises in the works downtown

Although only a conceptual rendering, sources say the first phase of lakefront
development may be two high-rises like these on East 9th Street between the
lakefront railroad tracks and the Shoreway relocated as a boulevard. This view
looks north on East 9th. Other potential high-rises are at left next to the proposed
North Coast Connector (AoDK). CLICK IMAGES TO ENLARGE THEM.

Last week, NEOtrans wrote about three high-rises in a single development — the first phase of Bedrock’s riverfront site — that could see construction start by this time next year. But that is by no means the only downtown high-rise development in the works. NEOtrans is aware of a dozen potential high-rise projects of 10 stories or more in various stages of development, not including those already under construction downtown. This inventory includes only potential new-construction high-rises that could see a groundbreaking in the next couple of years, not major renovation projects like The Centennial, redevelopment of the Rose Building and others.

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BofA: they’re coming to Cleveland

More than 4 million people live within a one-hour drive of downtown Cleveland.
That population supports big-city amenities that are available at small-town prices.
And to the north of downtown is one of the Great Lakes, an ecosystems that
contains 84 percent of North America’s freshwater. If you want it, you have
to come here to get it. And growing numbers of  people are doing just that
(ClevelandWater.com). CLICK IMAGES TO ENLARGE THEM.

Another leading indicator of potential population growth in Greater Cleveland was published this week by Bank of America (BofA), one of the nation’s Big Four banking institutions, serving more than 10 percent of all bank deposits of the United States. In a BofA June report, it put Greater Cleveland among the top metro areas benefitting from pandemic-instigated domestic migration trends, with its positive inflow-over-outflow rate ranking up there with the likes of Austin, Tampa, Orlando and Dallas.

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Miketo’s Lorain Ave stake growing

Jim Miketo’s latest development along Lorain Avenue in Cleveland’s Ohio
City neighborhood is a mixed-use, retail-residential project called 4732 Lorain
comprised of new construction, at center-right, and an historic renovation, at left.
The site is across the street from MetroHealth’s family health center and the Urban
Community School (Horton Harper). CLICK IMAGES TO ENLARGE THEM.

A 28,000-square-foot mixed-use development called 4732 Lorain is proposed at the west end of Cleveland’s Ohio City neighborhood offer to expand the densification and neighborhood vibrancy west along Lorain Avenue. And, it would expand real estate developer and owner Jim Miketo’s investments west along that rapidly redeveloping thoroughfare.

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Downtown Cleveland seeks post-pandemic boost

In 2015, Perk Park in downtown Cleveland was filled with people enjoying a
break from work during lunch. Now, tens of thousands of former downtown
office employees are working from home, straining restaurants and shops,
some of which have closed. A strategy to boost downtown from being
dependent on office workers was adopted (KJP).
CLICK IMAGES TO ENLARGE THEM.

The City of Cleveland and Downtown Cleveland Alliance (DCA), in partnership with Cuyahoga County, Destination Cleveland and Greater Cleveland Partnership (GCP), today unveiled Reimagining Downtown Cleveland. Over the next one to five years, this series of short- and intermediate-term strategies will accelerate the evolution of Downtown Cleveland from a 9-to-5 central business district into a diverse, vibrant, and accessible mixed-use, 18-hour, 15-minute neighborhood.

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