Two new Hough developments sell for $30M

The new Park Lamont apartments are a short walk or bike ride to school or work in
booming University Circle. This property and also-new Lumos apartments were
owned by their developer and, now completed, were sold to a new landlord
 (Reynolds Asset Management). CLICK IMAGES TO ENLARGE THEM.

In a $30.6M deal, a national real estate investment firm added 119 newly constructed apartments in Cleveland’s Hough neighborhood to its growing portfolio. New Jersey-based Reynolds Asset Management acquired Park Lamont, 9606 Lamont Ave., and The Lumos, 1866 E. 93rd St. Both are located a short walk or bike ride from jobs and classrooms in booming University Circle.

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I-X Center’s new use revealed

This is why the I-X Center is reportedly going to become a data center — a 25-
megawatt substation located on-site. Data centers are voracious consumers of
electrical power and the I-X Center has access to power (Google).
CLICK IMAGES TO ENLARGE THEM.

According to two sources familiar with the matter, the International Exhibition (I-X) Center next to Cleveland Hopkins International Airport will become a data center. And, according to one of those sources, the end user is likely to be Amazon Web Services.

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Glenville Job-Ready Site more than doubles in size

Along Kirby Avenue, one-fourth of a mile from the interchange of Interstate 90 and
Eddy Road in Cleveland’s Glenville neighborhood, is this 36-acre property that’s being
cleaned up as a new job-ready site (Google). CLICK IMAGES TO ENLARGE THEM.

Too much is never enough. When you’re marketing land to new end-users, you can’t have enough clean, developable land in the urban core. And one of the largest, if not the largest in the city of Cleveland has just been assembled by the Cuyahoga Land Bank. The site is located at 12610 Kirby Ave. in Cleveland’s Glenville neighborhood, bordering on Collinwood.

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Walz Library-Karam Senior Living groundbreaking set

The new Walz Branch of the Cleveland Public Library topped by 51 affordable
apartments by Karam Senior Living will see construction get underway after
a groundbreaking ceremony schedule for June 6 (Bialosky).
CLICK IMAGES TO ENLARGE THEM.

Following up on a story first reported by NEOtrans a month ago, the long-planned Walz Branch of the Cleveland Public Library (CPL) and Karam Senior Living apartments will indeed see construction start in June. In fact, a groundbreaking ceremony is scheduled at 10 a.m. this Friday at the project site, 7910 Detroit Ave., to officially kick off the project.

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Bridgeworks shows new signs of life

At the west end of the Detroit-Superior Bridge, the long-planned Bridgeworks
development site could finally start to see some visible activity in the coming
weeks (GLSD). CLICK IMAGES TO ENLARGE THEM.

While the development team for the $84 million mixed-use Bridgeworks project in Cleveland’s Ohio City neighborhood is finalizing construction permits with the city, the team decided to take a step that could accelerate the project and get it underway sooner.

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Banking on a large East Cleveland development

Signs of progress are visible at the Circle East District in East Cleveland, where new
homes and increased home ownership are getting a boost from a deal between two dif-
ferent kinds of banks — the Cuyahoga Land Bank and First National Bank. In the back-
ground on Woodlawn Avenue, historic homes are being renovated and new homes are
being built (Cuyahoga Land Bank). CLICK IMAGES TO ENLARGE THEM.

Cuyahoga Land Bank and First National Bank (FNB) have announced a new partnership to accelerate development in the Circle East District in East Cleveland by supporting homeownership. Since 2022, the land bank has been busily rebuilding this neighborhood next to University Circle from the sewers up.

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Miceli Dairy anticipates doubling its employment

Jonathon Miceli of family-owned Miceli Dairy Products Co., welcomed visitors to the
groundbreaking for an expansion of cold storage facilities at Miceli’s growing plant
on Cleveland’s near-east side as his cousin and company marketing executive Maria
Miceli looks on (NEOtrans). CLICK IMAGES TO ENLARGE THEM. 

When Miceli Dairy Products, 2721 E. 90th St. in Cleveland, broke ground today for the expansion of its new cold storage facilities, it also teased a follow-on project — a planned new research center plus mozzarella cheese manufacturing plant next to the Opportunity Corridor Boulevard. These additions in the coming years are anticipated to double Miceli’s current employment of 250 people.

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