Cleveland Development – News & Updates

[News]

Cleveland to unveil new plan for lakefront development

Published: Sunday, November 13, 2011, 6:00 AM

By Thomas Ott, The Plain Dealer

CLEVELAND, Ohio — Mayor Frank Jackson will unveil a plan Monday for developing the downtown waterfront, a vision he says will finally capitalize on the city’s No. 1 asset and make it a focal point for the region. The ambitious plan covers 90 acres, stretching east from the Port of Cleveland’s cargo docks past Cleveland Browns Stadium and the East 9th Street pier to Burke Lakefront Airport.

It calls for a hotel, restaurants, shops and offices — perhaps more than 2 million square feet in all — to be built largely with private money over many years. Water taxis, arcades, a promenade, bicycle paths and two pedestrian bridges would link the waterfront amenities or connect them to the rest of downtown.

READ MORE: http://blog.cleveland.com/metro/2011/11/cleveland_to_unveil_new_plan_f.html

[News]

With apartments full, developers look for new rental opportunities in downtown Cleveland
Published: Saturday, November 26, 2011
By Michelle Jarboe McFee, The Plain Dealer

CLEVELAND, Ohio — With apartments nearly full and waiting lists piling up, a sense of rental euphoria has fallen over downtown Cleveland. The downtown apartment market has tightened up dramatically, thanks to growing zest for urban living and a housing crash that helped make apartments the hottest commodity in the real estate business.

READ MORE: http://www.cleveland.com/business/index.ssf/2011/11/with_apartments_full_developer.html

[cheap]

rent must be a killer up there

real estate taxes are outrageous

[News]

Residents are Sold on Downtown Cleveland, Now What About Developers?
14 DECEMBER 2011

A demand for urban living is helping Cleveland’s downtown achieve something like vibrancy. Whether it reaches its promise will depend on whether or not we can find people enough places to live.

READ MORE: http://rustwire.com/2011/12/14/residents-are-sold-on-downtown-cleveland-now-what-about-developers/

[News]

May Co. building owners eye parking conversion; cars could fill 4 floors of historic Cleveland store
Published: Wednesday, February 15, 2012
By Michelle Jarboe McFee, The Plain Dealer

CLEVELAND, Ohio — Banking on demand from the casino and other downtown projects, the owners of the May Co. building hope to turn four floors of the historic department store into a parking garage. For years, developers and architects have eyed the eight-story building, at 200 Euclid Ave., for apartments, hotel rooms, offices and entertainment venues. Now plans submitted to the city of Cleveland show another proposal: Nearly 750 parking spaces, between ground-floor retail and upper floors that might become housing and offices.

READ MORE: http://www.cleveland.com/business/index.ssf/2012/02/may_co_building_owners_eye_par.html

[columbusmike]

Awful. The developer would be wise to apply for historic tax credits instead and develop it into a mixed-use building, not for parking. Would be a shame if Cleveland granted approval for this.

[futureman]

and the idea is dead …

Cleveland rejects using May Co. building for casino parking
Business First
Date: Tuesday, February 21, 2012, 7:19am EST

Cleveland’s Planning Commission rejected a proposal to convert part of a historic downtown building into a 734-space parking deck to serve the city’s new casino, the Cleveland Plain Dealer reports.

READ MORE: http://www.bizjournals.com/columbus/morning_call/2012/02/cleveland-rejects-repurposing-building.html

[wpcc88]

Thank God.. also saw on Cleveland.com slot machines may be moving into their casino as soon as this week.

futureman said:
and the idea is dead …

Cleveland rejects using May Co. building for casino parking
Business First
Date: Tuesday, February 21, 2012, 7:19am EST

Cleveland’s Planning Commission rejected a proposal to convert part of a historic downtown building into a 734-space parking deck to serve the city’s new casino, the Cleveland Plain Dealer reports.

READ MORE: http://www.bizjournals.com/columbus/morning_call/2012/02/cleveland-rejects-repurposing-building.html

[News]

University Circle could see parking lot become $100 million tech, office and apartment complex
Published: Monday, March 05, 2012, 8:45 PM
By Michelle Jarboe McFee, The Plain Dealer

CLEVELAND, Ohio — Offices, apartments, a hub for tech companies and a 700-car garage could rise from a surface parking lot at the edge of University Circle and Little Italy starting early next year.

READ MORE: http://www.cleveland.com/business/index.ssf/2012/03/university_circle_could_see_pa.html

[News]

Rock Hall In Cleveland Nearly Done With Renovation

By: Associated Press | NBC4
Published: March 12, 2012

The Rock and Roll Hall of Fame and Museum in Cleveland has nearly finished its multimillion-dollar renovation project, a month ahead of this year’s induction ceremony. The carpet, signs and entry leading to the Hall of Fame are now red, a change from the former white exterior that some visitors previously overlooked. The institution’s president, Terry Stewart, tells The Plain Dealer (http://bit.ly/wYhntp ) that exhibits have been realigned more chronologically. There are also new interactive displays.

READ MORE: http://www2.nbc4i.com/news/2012/mar/12/rock-hall-cleveland-nearly-done-renovation-ar-961616/

[Displaced Columbusite]

Cleveland City Council Ok’s Lakefront Plan

http://blog.cleveland.com/metro/2012/03/cleveland_council_oks_lakefron.html#incart_hbx

[Pickerington_Kyle]

I laughed when I was reading the comments from the Lakefront Plan. One person said they should build a Disney World Cleveland there, and he’s like yea yea I know there’s Cedar Point right down the road but still… Lol.

Why doesn’t Columbus have an amusement park? I mean we have Zoombezi Bay and the Columbus Zoo, but we don’t have rollercoasters (and I don’t count the ones at Zoombezi Bay) or an actual Resort? We live within 49% of the population with easy road access and airports… All we need is a monorail from the airport to the Zoo. :)

[CbusIslander]

So how is this “plan” getting financed? The arena distict had some fat wallets behind its plan and just now getting to ‘near’ completion after 15 years. I would guess this plan will take 30 years till completion. I am being optimistic since Cleveland has been making plans for this area for 40 plus years. Best of luck.

[columbusmike]

I’m guessing this would be mostly private development, minus some initial groundwork put in place by the city. This looks like a well-thought plan…and I imagine it will generate an enormous benefit for Cleveland.

I’m still waiting for Columbus to develop such a well-crafted plan for downtown near COSI…

[futureman]

This is an interesting renovation. You don’t typically see high rises like this (built early 1960’s) be retrofitted from offices to apartments. I believe this is the building in question – http://g.co/maps/hef9e

Cleveland high-rise office to be converted to apartments
Business First
Date: Thursday, March 22, 2012, 7:08am EDT

A Willoughby company is buying a 21-story office building in downtown Cleveland that it expects to turn into more than 220 apartments, the Cleveland Plain Dealer reports.

K&D Group is seeking tax credits and other financing for the $65 million project to convert the East Ohio Building at the corner of East Ninth Street and Superior Avenue into 223 apartments, the newspaper reports. That building has been vacant since 2009.

READ MORE: http://www.bizjournals.com/columbus/morning_call/2012/03/cleveland-high-rise-office-to-be.html

[Author]

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