Denver and Cleveland investors acquired 20 Glenville apartment buildings with the intent of renovating them with affordable housing. The investors, Cardinal Housing Group and Salus Development, are committing $16.6 million to property acquisitions and rehabilitations, according to city of Cleveland and Cuyahoga County records.
Thursday, October 7, 2021
Wednesday, October 6, 2021
Judge rules in favor of city, Little Italy development
Stark confirms nuCLEus project is ‘on hold’
A Stark Enterprises executive has confirmed the firm’s dramatic and ambitious nuCLEus development planned for downtown Cleveland is on hold.
The project was originally proposed in 2014 as a multi-structure, 2-million-square-foot, mixed-use development marked by a 54-story tower. Since, nuCLEus was shrunk twice to a single 24-story office tower atop a pedestal of parking and retail as Stark searched for a public subsidy to overcome Cleveland’s high construction costs and low rents.
Tuesday, October 5, 2021
CSU looks to double its on-campus housing
Monday, October 4, 2021
Ohio City Carriage Works mixed-use plan announced
New details have emerged about a significant adaptive re-use of the vacant Voss Industries plant, 2168 W. 25th St., in Cleveland’s Ohio City neighborhood that is proposed to see construction start in early 2022. As outlined in a real estate brokerage’s marketing piece, MRN Ltd.’s Carriage Works would deliver by the end of 2023 some very diverse uses that may overshadow the project’s 80-apartment residential component.
Thursday, September 30, 2021
University Circle inks property deal with developer
On his second-to-last day as president of University Circle Inc. (UCI), Chris Ronayne signed a ground lease agreement with real estate developer Brent Zimmerman Development LLC for a proposed mixed-use development. The lease includes a triangular piece of land measuring about 2.2 acres and bounded by Stokes Boulevard, Cedar Avenue and East 107th Street. Terms of the deal weren’t disclosed.
Wednesday, September 29, 2021
Lake-Detroit site bought by Rochester, NY developer
A vacant property at a high-profile intersection on Cleveland’s West Side recently sold to a Rochester, NY developer with deep pockets. Although a decision hasn’t apparently been made on what will be developed at the corner of Detroit and Lake avenues, housing is the preferred use. It’s the latest of several potential developments within a few blocks of this site that could offer a mix of housing choices, retailers and jobs in a walkable, transit-friendly setting near Edgewater Park.