Thursday, May 30, 2024

Downtown’s 800 Superior for sale, big tenant leaving

Through its owners rep, National General Insurance announced today that it will not
seek a renewal of its office lease with an Allstate affiliate that owns the 23-story 800
Superior building. Allstate owns National General and is putting the building up for
sale. It's the latest shake-up of the office market in Downtown Cleveland and
nationwide in the wake of the pandemic that introduced many to remote
working (CBRE Cleveland). CLICK IMAGES TO ENLARGE THEM.

Today, CBRE Cleveland announced that is listing the 23-story 800 Superior office tower in Downtown Cleveland for sale and said one of the property's largest tenants, National General Insurance likely will not renew its lease at the building when it expires in two years. Meanwhile a spokesman for insurer AmTrust Financial, which is the building's other large tenant, said it intends to stay at the building. Both companies have naming rights on the building.

READ MORE

Wednesday, May 29, 2024

North Coast Harbor getting $5M makeover

Crowds gather at North Coast Harbor on Labor Day weekend in 2022 to watch the
Cleveland National Air Show. Work is underway to upgrade the accessibility,
safety and aesthetics of North Coast Harbor with an eye toward completion
by May 2025 (KJP). CLICK IMAGES TO ENLARGE THEM.

North Coast Harbor is set for an upgrade, with a $4.99 million investment that is a result of Mayor Justin Bibb’s Reimagining Downtown Cleveland Plan. This comprehensive project aims to create a more safe, equitable and enjoyable waterfront experience for all visitors.

READ MORE

Platform Brewery property is on tap

The former Platform Brewery production facility and warehouse at Fulton Road and
Vega Avenue is for sale. It is one of several properties in the immediate area that are in
play for possible redevelopment (Google). CLICK IMAGES TO ENLARGE THEM.

The latest in a series of properties at the northwest end of Cleveland’s Clark-Fulton neighborhood is in play for possible redevelopment. The former Platform Brewery, 3506 Vega Ave., hit the market today after the microbrewer ceased operations in February following its acquisition in 2019 by Anheuser-Busch.

READ MORE

Tuesday, May 28, 2024

All GCRTA Blue Line stations in Shaker Heights to be rebuilt

This is what all of the single-level stations along the light-rail Blue Line in
Shaker Heights will soon look like, thanks to a federal grant awarded today.
Like the Farnsleigh station seen here, all will have new trackside platforms,
tactile edges, waiting areas and ramps to mini-high platforms so wheelchair
passengers and those unable to climb steps can board trains (KJP).
CLICK IMAGES TO ENLARGE THEM.

The Greater Cleveland Regional Transit Authority (GCRTA) needed $16 million from the Federal Transit Administration (FTA) to rebuild eight of its stations in Shaker Heights along the light-rail Blue Line. Not only did GCRTA get the full $16 million, it got the money it needed on the first try. That’s a big win considering the FTA received nearly $1.1 billion in requests nationwide for the $343 million in stations funding available this year.

READ MORE


Greater Cleveland housing market among USA’s tightest

Houses for sale in Greater Cleveland have been harder to find for a while, but
that tightness in the market has become notable on a national scale, pushing
Greater Cleveland to near the top in real estate rankings that show it truly
is a seller’s market (Google). CLICK IMAGES TO ENLARGE THEM.

Spring time is the busiest time of the year for home shopping. That’s when most prospective buyers are out looking for new places to live and, under normal circumstances, it’s when most homeowners list their properties for sale. But these are not normal times in the housing market, especially in Greater Cleveland.

READ MORE

Friday, May 24, 2024

Why aren’t the Browns buying this key piece of land?

Shown in white, FirstEnergy’s narrow strip of land is only about 100 feet wide but
extends about 1,400 feet into the center of the Brook Park site, shown in red, the
Haslam Sports Group apparently desires for a possible new domed stadium. On
that land is an active, high-voltage electrical transmission line that feeds a nearby
Ford engine plant. A football stadium cannot be built here until that utility right
of way is addressed. In the background is Cleveland Hopkins International Air-
port with Snow Road at lower left and Interstate 71 at lower right (Google).
CLICK IMAGES TO ENLARGE THEM.

On Cuyahoga County real estate parcel maps, a narrow strip of land owned by FirstEnergy knifes into the heart of a Brook Park site the owner of the Cleveland Browns football team reportedly wants for a possible new domed stadium. Despite its prominence on the map, no one in Cleveland media apparently has asked its owner if it has any agreements with anyone for its potential sale — until now.

READ MORE

Thursday, May 23, 2024

County secures funding for Fresh Water Institute

In Cleveland’s post-industrial era, good and bad remnants of that era endure such as
this steel mill ore dock along the Cuyahoga River at Scranton Peninsula, where more
than 600 housing units are under construction in the shadows of Downtown Cleve-
land’s skyscrapers. Addressing the freshwater impacts and opportunities of those
good and bad legacies is among the charges of Cuyahoga County’s new Fresh
Water Institute (KJP). CLICK IMAGES TO ENLARGE THEM.

Cuyahoga County Executive Chris Ronayne announced a $250,000 grant from the Cleveland Foundation to support the creation of a Fresh Water Institute in Greater Cleveland. He made the announcement yesterday during the Climate Leadership Conference in Downtown Cleveland.

READ MORE