One of Cleveland’s largest lakefront sites is now in play

The Lake Shore Power Plant site that sold last month is outlined in red
and includes a long driveway access from East 55th Street in the back-
ground. East 72nd Street and Interstate 90 are in the foreground with
downtown Cleveland in the distance. At right left is where the
Cleveland Metroparks plans a $300 million lakefront recre-
ation area including a new island in Lake Erie (Google).
CLICK IMAGES TO ENLARGE THEM.

Turns out the sale of a large Cleveland lakefront property could be good news for a more livable shoreline, after all. The 62-acre former Lake Shore Power Station site just east of Downtown Cleveland, along with the 167-acre Eastlake power plant property and another in Oregon, OH near Toledo were sold last month by Energy Harbor Generation LLC of Akron to a firm that specializes in cleaning up and redeveloping former coal-fired power plant sites.

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Glenville civil rights site may become homes, park

On the site of the former Stephen E. Howe Elementary School in Cleveland’s
Glenville neighborhood, a Texas-based developer is proposing to build 68
homes around a new, small park. The site was important in the fight for civil
rights in the 1960s (LDA). CLICK IMAGES TO ENLARGE THEM.

When the Cleveland Metropolitan School District put 19 former school properties up for sale in 2021, some of them had school buildings on them. Even those that didn’t anymore still had historical value to them. One of those was the former site of the Stephen E. Howe Elementary School in Cleveland’s Glenville neighborhood which was the scene of a fatal incident in the fight for desegregation of the school district.

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Cleveland development: what to look for in 2024 — University Circle

In University Circle and its environs, the extent of investment and change in
recent years has been nothing short of remarkable. In this view along East
105th Street, older, substandard housing is giving way to modern, mixed-
use developments that offer quality, affordable housing, retail and ser-
vices that these neighborhoods haven’t had in decades (KJP).
CLICK IMAGES TO ENLARGE THEM.

Back when Cleveland was an industrial powerhouse, few wanted to live near its dirty, noisy industries. Today, its largest source of employment is the education and health services sector — a cleaner industry to which it’s attractive to live within a short walk or bike ride. It is centered in and near University Circle, surrounded by long-neglected neighborhoods. But investment has been coming into those places — Hough, Fairfax, Glenville, Cleveland Heights’ Top of the Hill, and East Cleveland’s Circle East — bolstering them as neighborhoods of choice.

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Cleveland development: what to look for in 2024 -- Downtown

Two high rises were under construction in Downtown Cleveland through 2023.
It is unlikely we'll see a new one start construction in 2024, but we may
learn of official plans for one or more high rises by the end of this
 year (Adam Greene). CLICK IMAGES TO ENLARGE THEM.

For many in the real estate investment community, 2023 was the year when few new big projects were financed. The projects that were already financed under better, prior market conditions saw their construction advance, making the real estate landscape appear rosier than it really was. Now, however, as we enter 2024, there is a light at the end of the tunnel with developers already reviving or making new plans.

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Cleveland Lake Shore Power Plant land gets new owner

In this westward-looking view, the 62-acre former Lake Shore Power Plant
site is outlined in red. In the foreground  is East 72nd Street and Gordon
Park South at left, Interstate 90 at right, and East 55th Street beyond.
Downtown Cleveland is in the background (Google).
CLICK IMAGES TO ENLARGE THEM.

It seemed too good to be true, and alas, it was. Title to a large, mostly vacant property for the former Lake Shore Power Station, 6800 S. Marginal Rd., in Cleveland, is being transferred to a new owner. The 62-acre site is across Interstate 90 from the bulk of Cleveland Metroparks’ lakefront improvements. But it’s not the Metroparks, the city or even a developer seeking to add recreation, housing or a mix thereof next to Lake Erie.

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Among Ohio real estate blogs, NEOtrans in top 10

Every new day offers new waves of opportunities to cover the news
involving the development of Greater Cleveland (File).
CLICK IMAGES TO ENLARGE THEM.

Feedspot, an international news aggregator, ranked NEOtrans in the top 10 of Ohio real estate news blogs. Feedspot compiles news feeds from online sources so users from all over the world can customize and share them with other social network users.

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Great Lakes Brewing confirms relocation options

Great Lakes Brewing Company has been expanding its footprint in Cleveland’s
Ohio City neighborhood since it here in 1988. That includes acquiring the
Gehring Building with the Chase Bank branch for its expanded offices and
possibly a larger brewpub. But the growth of both the brewer and the neigh-
borhood is prompting the craft brewer to look elsewhere for expansion
(Google). CLICK IMAGES TO ENLARGE THEM.

In a statement issued today by Great Lakes Brewing Company (GLBC), their chief executive officer confirmed NEOtrans’ report from last week that it is considering relocating its production facilities from Cleveland’s Ohio City neighborhood and packaging facility in Strongsville to a site in Avon. The press statement also confirmed it hasn’t ruled out continuing with its plans to relocate them to Scranton Peninsula in Cleveland’s Flats. And it will retain its Ohio City brewpub and gift shop. More than 200 jobs are involved among all of GLBC’s facilities.

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