Downtown Cavs/Clinic facility groundbreaking set

The planned Cleveland Clinic Peak Performance Center is a development project
along the Cuyahoga River in Downtown Cleveland. It is being pursued by Rock
Ventures and its real estate arm Bedrock. Although construction is set to start
in mid-October, site preparation has actually been underway for nearly
a year (Populous). CLICK IMAGES TO ENLARGE THEM.

Final approval is expected tomorrow by the City Planning Commission of designs for the proposed Cleveland Clinic Global Peak Performance Center featuring the Cleveland Cavaliers’ new practice facility and the Clinic’s sports health/wellness programs. But how do we know approval is expected? Because the groundbreaking ceremony for the new center has been set for the week after next.

READ MORE

Downtown employers reconsider suburban moves

Gray Media at Reserve Square, left, and AmTrust at 800 Superior both appear to be
reversing directions regarding the decisions on where to locate their downtown
Cleveland offices (Google). CLICK IMAGES TO ENLARGE THEM.

Two large Downtown Cleveland employers may be reversing course regarding their future office locations. One was bound and determined to leave for the suburbs but now its plans are up in the air. And despite the grist coming from the real estate rumor mill, the other employer says it’s not going anywhere — yet.

READ MORE

Cleveland launches affordable housing fund

Creating more housing investment will help address a shortage of quality housing
in Cleveland, where lenders are often reluctant to invest due to neighborhood
instability, discrimination and inequality. So Cleveland is partnering with
KeyBank and the Local Initiatives Support Corp. to change that (KJP).
CLICK IMAGES TO ENLARGE THEM.

Last evening, a new Cleveland Housing Investment Fund (CHIF) was launched when Cleveland City Council passed legislation that requires the city to provide financing to the new fund. The city’s $18 million commitment leverages $20 million pledged by Cleveland-based KeyBank to boost the development of mixed-income rental housing and home ownership opportunities.

READ MORE

George’s third billboard lands on Opportunity Corridor

To make way for the Irishtown Bend Park, this huge billboard on the blighted building
on which it sets at the southeast corner of West 25th Street and the Detroit-Superior
Bridge will be demolished and replaced by three billboards as a result of a court
settlement. The third and final billboard location has been identified (Google).
CLICK IMAGES TO ENLARGE THEM.

A George family-owned billboard that metastasized into three as a result of a 2023 court settlement has found its third and final landing spot in Cleveland. That third billboard site is a piece of a city-owned parcel on the Opportunity Corridor near Quincy Avenue that is unlikely to be developed with any other uses, according to a city official. Title to the land will be transferred to the Georges.

READ MORE

CWRU’s South Residential expansion stops

The first two phases of expanding Case Western Reserve University’s South Residen-
tial Village were completed in time for this Fall Semester. But they now appear to be
be the last phases, A third phase proposed across the street is not being pursued due
to there being a sufficient amount of student housing (William Rawn Associates).
 CLICK IMAGES TO ENLARGE THEM.

As Case Western Reserve University (CWRU) approaches its 200th anniversary, just two years away, the growing college has just one megaproject on its syllabus for Cleveland’s University Circle — the $300 million Interdisciplinary Science and Engineering Building. So CWRU’s bicentennial legacy is to do what it has often done — prudently build when it needs to, not when it wants to. Even so, news of what the university is not building may come as a surprise.

READ MORE

León to lead Cuyahoga Land Bank

Ricardo León today officially became only the second president in the history
of the Cuyahoga Land Bank (CBL). CLICK IMAGES TO ENLARGE THEM.

Ricardo León gained something by losing something. He lost the prefix “Interim” prior to his title of “President” of the Cuyahoga Land Bank, a private, nonprofit government entity whose mission it is to acquire properties, return them to productive use, reduce blight and increase property values in Cuyahoga County.

READ MORE

Bridgeworks can finally build – up to two stories

In the coming weeks, work crews will start to appear at the northeast corner of West
25th Street and the Detroit-Superior Bridge near Downtown Cleveland to demolish
existing, vacant buildings and begin the construction of Bridgeworks — at least
partially at this point (GLSD). CLICK IMAGES TO ENLARGE THEM.

After four years of going through multiple design iterations, it somehow seems natural that Bridgeworks finally got the OK today from the city to start construction — but only up to the second floor. To build above that, the project’s development team is going to have to come back to the city for design approval of the building’s top five floors. The team pledged it would do so — quickly.

READ MORE