Receiver appointed for Downtown office complex

The North Point office complex in Downtown Cleveland includes 901 Lakeside
Ave. at left, 1001 Lakeside at right, and a parking garage behind them with its
primary entrance off East 9th Street in the distance at far left (Google).
CLICK IMAGES TO ENLARGE THEM.

On Friday, Judge Christopher Boyko at the U.S. District Court for the Northern District of Ohio ordered the North Point office complex in Downtown Cleveland be placed in the hands of a receiver to manage the property and, more specifically, to pay its creditors. The request was made earlier in the week by Wells Fargo Bank, as trustee for the benefit of the registered holders of GS Mortgage Securities Corp.’s distressed loan collateralized by the property.

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Downtown hotel to have new operator

Proposed new signage on the front of the historic New England Building, also called
the Guardian Building, on Euclid Avenue will replace that of the current hotelier, a
Holiday Inn Express (Mira Development). CLICK IMAGES TO ENLARGE THEM.

After 26 years in business, Downtown Cleveland’s Holiday Inn Express, 629 Euclid Ave., will close. But its already got a replacement lined up in the form of an AC Hotel by Marriott, according to a developer leading the transformation.

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Ohio City apartment building planned

A locally based development team pursuing an Ohio City apartment building on
West 26th Street has received approval of its conceptual plans from a design-
review panel (GLSD). CLICK IMAGES TO ENLARGE THEM.

A 109-unit market-rate apartment building planned along West 26th Street in Cleveland’s Ohio City neighborhood recently passed its first hurdle. But it has more to come, including a rezoning, vacating an alley, design-review approvals and winning over urban neighbors who expressed fears of the multi-family development.

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Health care hub planned near downtown

Just east of Downtown Cleveland in the Midtown neighborhood is the new home
of Lake Effect Health and affiliated companies that are relocating from suburban
Brooklyn. The founder of those companies bought the building last summer and
will renovate it to offer health care services from here (Google).
CLICK IMAGES TO ENLARGE THEM.

The closure of St. Vincent Charity Medical Center in 2022 has left a health care void on Cleveland near-east side. While that’s a big void to fill, an entrepreneur from the suburbs wants to start trying. And she’s already planted her flag at the northeast corner of Prospect Avenue and East 36th Street.

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Developer to rebuild after Cleveland Hts fire

Looking west down Cedar Road from the front yard of Cleveland Heights High
School, firefighters from 17 different communities joined forces Jan. 25 to
quickly contain a rapidly spreading fire at the Marquee at Cedar Lee apartments.
But it took 20 hours before the fire was completely extinguished (City of
Cleveland Heights). CLICK IMAGES TO ENLARGE THEM.

The developer of the Marquee development has informed Cleveland Heights city officials that it will rebuild the structure that was destroyed by an overnight fire that began Jan. 25. The 139-unit Marquee at Cedar-Lee building fronting Cedar Road in the 13200 block, was still under construction and unoccupied at the time of the fire, which started about 7 p.m.

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New East-Side fieldhouse due at Breakthrough School

This view is of the main entrance on the south side of the proposed new fieldhouse
at Breakthrough Schools’ Woodland Hills Campus. The existing school building is
to the right. This entrance to the fieldhouse will allow community activities, such
as voting, to occur here and be separated from the classrooms during or after
 school hours (Marous). CLICK IMAGES TO ENLARGE THEM.

Having affordable, comfortable places for the community to gather for events, sports and even voting can be hard to find in Cleveland’s Kinsman and Woodland Hills neighborhoods. But that could soon change for the better based on plans for a new fieldhouse at Breakthrough Schools’ Woodland Hills Campus, 9201 Crane Ave. Those plans were submitted this week to the city’s Building Department.

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Moen move blindsided city, biz development orgs

This three-decade-old corporate headquarters building for Moen was refurbished only
several years ago. Community development officials believe it is a marketable property
and hopefully will attract new users soon to fill a void in the city’s financial ability
to  provide public services (Google). CLICK IMAGES TO ENLARGE THEM.

When the conglomerate parent of faucet and fixture-maker Moen told the world via press release on Jan. 22 that it was consolidating its various brand headquarters to suburban Chicago, it was also notifying all of the Ohio-based economic development organizations about the move for the first time.

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