Downtown lakefront development may depend on removing the Shoreway

Haslam Sports Group, owners of the Cleveland Browns, seek construction
of this landbridge and conversion of the Shoreway into a boulevard to bet-
ter connect downtown with the lakefront. That and inclusion of a multi-
modal transportation center within the landbridge would support develop-
ment of the lakefront with public spaces, housing, hotels, offices, shops
 and restaurants (AoDK). CLICK IMAGES TO ENLARGE THEM

The fate of lakefront development in Cleveland appears to depend on whether local, regional and state policymakers want more traffic and for it to pass through downtown quickly or to have less traffic and for it to travel into the central business district more slowly.

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200 Public Square to get major updates, new amenities

Downtown Cleveland’s third-tallest building, 200 Public Square, is
facing multiple challenges in the 2020s. The owner of the building
is taking those challenges head-on by pumping millions of dollars
worth of improvements into the building so it can better compete
for tenants (KJP). CLICK IMAGES TO ENLARGE THEM

The pandemic, remote working, tenant downsizing and a flight to quality are challenges facing New York City-based DRA Advisors. In downtown Cleveland, they are fighting those challenges with a 37-year-old skyscraper, 200 Public Square.

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Downtown Gateway megaproject coming to light

This unofficial massing requested by NEOtrans shows the scale of a
potential Gateway District megaproject. The Bedrock Real Estate
portion alone (portrayed here by the two grayish-blue towers at left)
was described by sources as being larger than what was proposed
for nuCLEus. That doesn’t include the Harris-Blitzer Sports & En-
tertainment portion which could feature an apartment tower, seen
beyond the right field wall of Progressive Field (foreground).
This view looks north from Interstate 90 with Ontario Street
at left and East 9th Street at right (Ian McDaniel).
CLICK IMAGES TO ENLARGE THEM

Although the now-dead nuCLEus plan enticed us with its promise of a large-scale project for seven years, there are growing indications that a potential megaproject in downtown Cleveland’s Gateway District could be even larger. And hopefully it won’t tease Clevelanders for as long only to reach an unsatisfactory conclusion.

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Aging Shaker Square apartment complexes bought

Two eight-story apartment complexes just west of Cleveland’s Shaker
Square and across Shaker Boulevard from each  other were purchased
last week by a Chicago-area investor that typically invests in its pro-
perties to add value to them. One property is The Vista At Shaker
Square seen at far-right and the Shaker North Apartments seen in
the distance at far-left. This August 2021 view is looking east
along Shaker Boulevard toward Shaker Square (Google).
CLICK IMAGES TO ENLARGE THEM

Last week, a large, Chicago-area investment firm that reinvigorates multi-family properties acquired two aging, mid-rise apartment complexes on Shaker Boulevard just west of Cleveland’s Shaker Square for $12.4 million, according to public records. The buyer, AMG Realty Group of Skokie, IL, typically looks for faded, undervalued properties so it can update them and improve their management to boost occupancy and then re-sell them.

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Geis doubling its development activity in Hough

This is one of two 42-unit apartment buildings that Geis Companies
wants to build in Cleveland’s Hough neighborhood. The building
 shown above is proposed to be built at 1830 E. 82nd St., just south
of the parking lot for the Northeast Ohio Neighborhood Health
Center that’s located on Hough Avenue (GLSD).
CLICK IMAGES TO ENLARGE THEM

With development activity increasing in Cleveland’s Hough neighborhood, one of Greater Cleveland’s largest real estate developers is doubling down on its bet that this community has a bright future. It’s a sharp change in fortune for a neighborhood that investors and developers had avoided for decades.

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Seeds & Sprouts XXI – Sweeties Candy, miraculous 86th & Scholar House

This is the Twenty-First edition of Seeds & Sprouts – Early intelligence on Cleveland-area real estate projects. Because these projects are very early in their process of development or just a long-range plan, a lot can and probably will change their final shape, use and outcome.

This former Denny’s restaurant on Brookpark Road will become part
of Sweeties Candy Co., seen next door at 6770 Brookpark. In an ex-
pansion plan, the closed restaurant will become a factory and a new
warehouse will be constructed behind it in Cleveland’s Old Brooklyn
neighborhood (Google). CLICK IMAGES TO ENLARGE THEM

In this article:

Sweeties Candy expanding on Brookpark Road

A miracle on East 86th Street?

Scholar House to start construction by Spring

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Shaker Square apartments project revived

 

Several years ago, Paran Management Co. pursued a 135-unit apartment
building where the Van Aken Plaza now stands next to Shaker Square. This
was a conceptual rendering for it. Now, Paran Management is planning a
mixed-use development by keeping and renovating the curved office
 building and a small commercial structure at the intersection of
Shaker and Van Aken boulevards. Van Aken Plaza will still be
razed but for a slightly smaller apartment building (RDL).
CLICK IMAGES TO ENLARGE THEM

Citing a lack of a modern apartments at Shaker Square, Paran Management Company Ltd. is reviving its plan for constructing a multi-family building next to the historic mixed-use neighborhood center. But the plans come with a new angle — preserving the historic office and commercial structures at the southwest corner of Shaker and Van Aken boulevards.

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