Saturday, January 29, 2022

Playhouse Square to write Act II to The Lumen

Soaring nearly 400 feet above Euclid Avenue in downtown
Cleveland, The Lumen is the tallest residential building in
Ohio. The 318 apartments leased out in less than two years
despite the pandemic and civil unrest. Now stabilized, the
building will reportedly be sold so that Playhouse Square
Foundation can pursue an encore building (Ian Meadows).
CLICK IMAGES TO ENLARGE THEM

Talk about bad timing. Building tours for potential tenants of The Lumen — the largest new residential development in downtown Cleveland in 40 years — began in early March 2020. Less than two weeks later, the nation had gone into a virtual economic shutdown in response to the COVID-19 pandemic. Two and a half months after that, protests and riots following the murder of George Floyd swept the nation and downtown Cleveland was not spared.

READ MORE

Lakewood Spitzer site sold, groundbreaking this year

This view looking east at the south side of Detroit Avenue, east of Bunts
Road in Lakewood, shows what the former Spitzer car dealership and
Educators Music sites could look like by the end of 2023. Those pro-
perties sold last week to a developer that wants to construct apart-
ments and a small ground-floor retail space (Solove).
CLICK IMAGES TO ENLARGE THEM

Construction is due to start later this year on the first of two mixed-use developments on Detroit Avenue in Lakewood by a Columbus-based real estate firm. Solove Real Estate has weathered several significant challenges to get this far with one of its two proposed developments in Lakewood, with the other reportedly not far behind. Combined, the two projects represent a $43 million investment in the community.

READ MORE

Friday, January 28, 2022

Busy Old Brooklyn corner ID’d for redevelopment

At the northwest corner of Pearl and Memphis roads in the heart of Old
Brooklyn are several neglected, historic structures that would be replaced
with a mixed-use development. The St. Luke United Church of Christ and
the Greenline buildings will be demolished if financing is secured for
affordable apartments and ground-floor commercial spaces at this
location (Google). CLICK IMAGES TO ENLARGE THEM

Financing could be secured this spring for the redevelopment of the northwest corner of Pearl and Memphis in the heart of Cleveland’s Old Brooklyn neighborhood. But a casualty of the investment would be the 119-year-old St. Luke United Church of Christ (UCC), 4216 Pearl and the Greenline commercial structures, 3426-34 Memphis, that range from 80-110 years old.

READ MORE

Thursday, January 27, 2022

TMUDs – taking more time

State officials said they need more time to decide which projects around
Ohio will win up to $100 million in tax credits 
from the new Transfor-
mational Mixed Use Developments program (LOC).
CLICK IMAGES TO ENLARGE THEM

It’s going to be a little while longer before the developers of 42 projects, many of them megaprojects, across the state learn whether their project is going to win a golden ticket and get a big step closer to their own groundbreaking ceremony.

READ MORE

Wednesday, January 26, 2022

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.

READ MORE

Saturday, January 22, 2022

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.

READ MORE



Friday, January 21, 2022

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.

READ MORE