From Kyiv to Cleveland, art firm HQ moves

This public art installation is planned by the City of Cleveland and Dion
Art on downtown Cleveland’s malls and will feature 3D polygons with
artwork representing, from left, Ukraine, city of Cleveland, and the
United States It is one of many public art installations made, under
way or planned in Cleveland by Dion Art that is moving its head-
quarters and studios from Ukraine to Cleveland (Dion Art).
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Founded in Ukraine nearly two decades ago, Dion Art has been expanding thanks to stunning, innovative public art projects and a stabilizing, growing nation. When that growth slowed to a trickle a year ago when Russia began its all-out invasion of Ukraine, its founder and his friend made a choice — move Dion Art to Cleveland.

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Irishtown Bend Park stakeholders announce deal for George property

The George family-owned property at West 25th Street and the Detroit-
Superior Bridge in Cleveland’s Ohio City neighborhood will be rede-
veloped as a George-owned and operated restaurant as part of the Irish-
town Bend Park after an agreement was reached today (Freethink).
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Partners working together on the transformational Irishtown Bend Park project have reached a tentative settlement agreement today following a lawsuit by an affiliate of the George family against the use of eminent domain to acquire their land for the project. Terms of the deal were not officially disclosed at this time but it appears to be a really good deal for the Georges.

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Seeds & Sprouts XXVIII – Seeds & Sprouts XXVIII – Big retailer to Steelyard, AJ Rocco's progresses, Hemingway bets on offices, Leather shop reno, Bakery to Euclid Ave

The Best Buy consumer electronics store at Steelyard Commons in Cleveland
will soon be a Ross Dress for Less department store, the fifth such store in
Cuyahoga County and the latest location for the nation’s third-largest
off-price retailer (Google). CLICK IMAGES TO ENLARGE THEM

Ross Dress for Less is opening at Steelyard Commons. AJ Rocco’s Restaurant & Bar renovation work progresses downtown. Hemingway Development bets on Midtown office spaces. TRD Leather gets new insides on the West Side. And a new bakery is coming to Euclid Avenue.

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It’s official: Lakewood Center West sells

Lakewood Center West, seen at left next to its big brother Center North
Apartments in downtown Lakewood, was sold to a New York developer
who intends to redevelop it with residential over retail (Google).
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While Lakewood waits on the Downtown Lakewood development, a mostly residential development could come to this inner-ring suburb’s former office and current retail district even sooner. According to Lakewood city officials and Cuyahoga County records, a Brooklyn, NY-based developer has acquired the seven-story Lakewood Center West at the northeast corner of Detroit and St. Charles avenues for $2.4 million. The developer told NEOtrans that they envision 60-70 apartments on the upper floors and will retain the ground-floor and basement commercial tenants.

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Cleveland Hts Cedar Lee Meadowbrook “A done deal”

Construction is due to start in “the coming weeks” on the Cedar Lee
Meadowbrook project in Cleveland Heights thanks to the wrapping
up of its financing in the past week (F&C/City of Cleveland Hts).
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The City of Cleveland Heights and its development partner, Flaherty & Collins Properties, announced the real estate and financial “closing” for the Cedar Lee Meadowbrook project, clearing the way for construction to commence in the coming weeks. It’s the second major project for the Indianapolis-based developer in the eastern inner-ring suburb of Cleveland.

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Half of Bulkley Building to be residential

The nine-story Bulkley Building, at center, is due to be refurbished by its
owner the Playhouse Square Foundation,  including with four floors converted
 to residential, four floors remaining as offices with a large new office tenant
and ground-floor retail/restaurants. The ninth floor is not visible from the
street as it is on the far side of the building (Google).
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A significant building in downtown Cleveland’s theater district is proposed to undergo a transformation that would convert nearly half of the structure to residential and add a high-profile office tenant. The Bulkley Building, or simply The Bulkley, 1501 Euclid Ave., is not only owned by the Playhouse Square Foundation but is also the current site of the foundation’s offices.

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Cleveland adds fewest apartments among major metros

The largest development in downtown Cleveland that’s adding more
housing is the 23-story City Club Apartments at 720 Euclid Ave. that
will add 303 housing units. Other projects in the works could add
thousands more apartments in the next couple of years (KJP).
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New data from a leading North American real estate services firm shows that Greater Cleveland had the smallest number of new apartment units under construction in the USA in the fourth quarter of 2022. That snapshot of construction activity in America’s multi-family rental market shows that, not only is Greater Cleveland lagging way behind the nation’s largest metropolitan areas in adding new apartments, it’s also lagging behind many of its peer metros. The report comes as the City of Cleveland considers reducing its financial incentives for new developments.

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