Thursday, September 28, 2023

Cleveland Clinic unveils next phase of Innovation District

In 2025, this will be the view when looking northeast at the intersection of
Cedar Avenue and East 100th Street. At far left and at the center of this
rendering are the two buildings of the Sheikha Fatima bint Murbarak
Global Center for Pathogen Research and Human Health, the largest
research initiative in Cleveland Clinic’s more than 100-year history.
Their construction, a result of the Cleveland Innovation District
initiative,  is due to start early next year (Cleveland Clinic
Foundation). CLICK IMAGES TO ENLARGE THEM.

In the midst of a global pandemic, state, local and Cleveland Clinic officials in 2021 announced the Cleveland Innovation District to expand health care research. Today, as part of that initiative, Cleveland Clinic unveiled the first phase of its expanded research facilities and announced plans to launch major construction of two new research buildings. The state-of-the-art facilities will be dedicated to scientific investigation and will significantly increase laboratory research space on Cleveland Clinic’s main campus.

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Wednesday, September 27, 2023

What’s next in Superior Arts District?

Although the new Cleveland Police Division headquarters in the old ArtCraft
building and planned parking garage is the focus of this view at Superior
Avenue and Interstate 90, it’s not the only project due. The north side
of Superior is getting more attention from investors and developers,
too (Vocon). CLICK IMAGES TO ENLARGE THEM.

The south side of Superior Avenue in the Superior Arts District has been getting all the love in recent years. And why not? The sunny side of the main drag on the east side of downtown Cleveland is the new home of Cross Country Mortgage which relocated more than 600 employees from suburban Brecksville. You can also find residential conversions at 2320 and 2104-2110 Superior. And, of course, the new Cleveland Police Division headquarters will put several hundred employees in the ArtCraft Building overlooking Interstate 90. But the north side of the street is about to grab its share of attention, too.

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Tuesday, September 26, 2023

Cleveland, Bedrock OK roles in $3.5B project

This is Bedrock Real Estate’s masterplan for its 3.5-million-square-foot,
$3.5 billion Cuyahoga Riverfront development in downtown Cleveland.
The city approved a revised master development agreement to move
forward  with the new development (Adjaye Associates).
 CLICK IMAGES TO ENLARGE THEM.

Yesterday, at its regular weekly meeting, Cleveland City Council voted to approve an updated and expanded Master Development Agreement (MDA) between Bedrock Real Estate and the city of Cleveland that serves as a guiding framework for Bedrock’s planned $3.5 billion riverfront development project. As one might expect, with such a large, multi-phase development, the project and its legal and fiscal frameworks are very complex. But the new frameworks helps spell out what is expected of each party.

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Sources: If Cliffs + US Steel happens, so does a new HQ

The lofty 200 Public Square is Cleveland’s third-tallest tower at 658 feet and
will remain so after Sherwin-Williams’ new 616-foot headquarters tops out
on the other side of downtown Cleveland’s Public Square. Cleveland-Cliffs’
headquarters is in 200 Public Square but may be on the move in the
 coming years (Google). CLICK IMAGES TO ENLARGE THEM.

Something is happening inside 200 Public Square that isn’t happening at many other downtown Cleveland office towers — a major tenant is gobbling up more office space. The tenant, Cleveland-Cliffs Inc., is adding hundreds of office workers to the building, a number that could reach 2,000 employees in the next few years if it is able to acquire Pittsburgh-based rival US Steel. If that happens, two sources who are close to Cliffs’ executives say Cliffs will reconsider 200 Public Square as its headquarters of what would become the nation’s largest steelmaker.

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Sunday, September 24, 2023

Guardians to expand real estate holdings

The L-shaped Gateway East Garage which extends south from Huron Road
and then east along Bolivar Road to near East 9th Street will be acquired by
the Cleveland Guardians baseball team. This view looks west along Bolivar
from a parcel at left that was acquired by the Guardians last year for future
development (Google). CLICK IMAGES TO ENLARGE THEM.

The Cleveland Guardians Major League Baseball (MLB) team is exercising an option on acquiring the second of two properties that were offered to it when the team extended its lease on Jan. 1, 2022 to play at Progressive Field for at least another 15 years, a city source said. The property it will acquire this time is the huge Gateway East Garage, 650 Huron Rd. East in downtown Cleveland for $25 million and could set the stage for a full or partial demolition of the 29-year-old garage for a “ballpark village” redevelopment.

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Saturday, September 23, 2023

Latest TMUD wish list is NEO-light

As the only application for a downtown Cleveland project, the Playhouse
Square Foundation requested $1.95 million to help offset the cost of
renovating three buildings it owns, pictured here. The properties start
at 1317 Euclid Ave., just east of the storefront at the corner of Euclid
and East 13th Street with the big Playhouse Square sign that could
be strengthened to support a vertical addition of up to eight more
stories (Google). CLICK IMAGES TO ENLARGE THEM

One of Northeast Ohio’s favorite past-times is to complain that too much of their state tax dollars are going to the rest of the state and not enough to Northeast Ohio. But if you don’t ask for anything, you don’t get it. That’s the case when it comes to the latest round of Transformational Mixed Use Development (TMUD) tax credits. Northeast Ohio TMUD applications represent only 10.8 percent of the total dollar amount requested statewide for Ohio’s fiscal year 2024 round and only one downtown Cleveland project was submitted. Ironically, the TMUD program was the brainchild of a Cleveland developer to encourage more downtown Cleveland projects.

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Ohio City’s next big apartment project

One of two buildings proposed as part of the 2828 Clinton development,
previously dubbed The Vibe in deference to the site’s historical use by
industrial equipment manufacturer Cleveland Vibrator Co. This pro-
posed apartment building, to be called Hanover House, is across
Church Avenue from from the 11-story and 6-story Church &
State complex in Ohio City’s Hingetown section (Vocon).
CLICK IMAGES TO ENLARGE THEM

One of Ohio City’s largest development sites is located in this Cleveland neighborhood’s booming Hingetown section. So it was only a matter of time before a large development was proposed for that site at 2828 Clinton Ave., measuring nearly 2 acres. That time is coming next week when the Franklin-Clinton Block Club which includes Hingetown will get a presentation of preliminary plans for the development and offer input on it to the city’s design-review and landmark commissions.

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