Cleveland leads nation in home price growth

For young people wanting an affordable starter home in a market with big-city
amenities, Cleveland delivers. But it might not stay cheap for long. This is
Cleveland’s Old Brooklyn neighborhood (Nile Vincz for Homes.com).
CLICK IMAGES TO ENLARGE THEM.

Greater Cleveland led the nation in home price appreciation in March, but the metro area’s median prices are still far below the national benchmark. In fact, according to a new report, the Cleveland market has the lowest median sales price among the 40 largest US markets. But that might not be the case for much longer.

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Agave Social restaurant to open in Flats

At the high-profile southeast corner of the Flats East Bank building, corner of
Main Avenue and West 11th Street, noted local restaurateurs Alex and Arturo
Mendez with partner Guillermo Ayala will open their latest established,
Agave Social. This was the site of Beerhead Bar and Eatery for nine
years (Google). CLICK IMAGES TO ENLARGE THEM.

It didn’t take long to land a new tenant for a highly visible restaurant location at Cleveland’s Flats East Bank. Just four months after Beerhead Bar and Eatery closed at 1156 W. 11th St., noted local restaurateurs Alex and Arturo Mendez Martinez with partner Guillermo Ayala have executed a lease for the ground-floor space at the corner of West 11th and Main Avenue.

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GCRTA gives green signal to rebuild two stations

An aerial rendering looking north at the reconstructed Blue/Green Line station
at East 79th Street, near the Opportunity Corridor. Work to rebuild the station
is scheduled to start in June and be finished about one year later (Bowen).
CLICK IMAGES TO ENLARGE THEM.

Greater Cleveland Regional Transit Authority (GCRTA) board members voted yesterday to hire a joint venture to rebuild Cleveland’s East 79th Street station on the Blue and Green light-rail lines. That follows last month’s board vote to hire another contractor to reconstruct the Warrensville-Van Aken Blue Line station in Shaker Heights.

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West Side Market wins $28 million investment

Storm clouds were brewing over the West Side Market when this picture was taken in
2018 and it wasn’t just the weather. The Ohio City landmark was in major need of
overhaul of its physical structure and its management structure. It’s been getting both
since with more to come (Google). CLICK IMAGES TO ENLARGE THEM.

Cleveland Development Advisors (CDA) and Cleveland Public Market Corporation closed on a $28 million investment package on behalf of West Side Market’s transformation project. The package is the largest ever issued by CDA and will secure the remaining necessary funding for the West Side Market’s $53 million first stage of the project.

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Cleveland is founding city in new pro soccer league

A modular-built soccer stadium can be built quickly and inexpensively to host games and
events by the middle of 2026. And it could be expanded if Cleveland is able to land a
higher division soccer team in the future (CSG). CLICK IMAGES TO ENLARGE THEM.

A new women’s professional soccer league is due to launch in 2026 and Cleveland was named as one of its 15 founding markets throughout the USA. Launch of WPSL Pro, the newest professional league in the U.S. soccer organizational pyramid, was formally announced today.

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Lakewood church to become church again

Built as a church 103 years ago, this handsome Lakewood building will go back to
it roots under a new owner (LoopNet). CLICK IMAGES TO ENLARGE THEM.

Only a decade old, the Lakewood-based King’s Church has acquired its first permanent home by purchasing the former headquarters of the Roundstone Insurance Co. after it relocated to Rocky River last fall. But that former HQ is going back to its originally intended purpose.

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Row on Garden gets pushed and pulled by city

The darker building at left is the proposed Row on Garden, amid several other phases of
development by ALMiCo Group led by its first phase at right, the Flats on Pearl in Cleve-
land’s Brooklyn Centre neighborhood (Brandt). CLICK IMAGES TO ENLARGE THEM.

Different departments of the city of Cleveland are stretching a Lakewood-based real estate company, ALMiCO Group, with orders to stop and go on different aspects of its multi-phase development in the city’s Brooklyn Centre Historic District. Caught in this push-pull is a phase called Row on Garden, now planned as an 18-unit apartment building on Garden Ave.

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