Slavic Village site quietly back on the market

With about 34 acres of land next to Interstate 77 zoned as semi-industrial, a large ware-
house or some other light-industrial facility like this one could be constructed on the
 Morabito Business Park land that is being offered for sale by its owner (ULI).
CLICK IMAGES TO ENLARGE THEM.

It’s not the first time Morabito Companies has had its large swath of land in Cleveland’s Slavic Village be put on the market for development. But it is the first time they’re trying it as a FSBO, or for sale by owner — without listing it via a real estate brokerage.

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Rock Hall weighs options for expansion encore

The Rock and Roll Hall of Fame and Museum is to the left, the Harbor Verandas to the
right, and only 60 feet are between them. That led Rock Hall officials to consider acquir-
ing the mixed-use building to give the Cleveland lakefront institution more and better
expansion options for the future (NEOtrans). CLICK IMAGES TO ENLARGE THEM.

Construction is well underway on the Rock and Roll Hall of Fame and Museum’s $150 million expansion at Downtown Cleveland’s North Coast Harbor. But after the new addition opens at the end of 2026, Rock Hall officials, in looking at their now-landlocked surroundings, are wondering where the museum might expand to in the future.

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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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