Commercial real estate development, leasing, and construction news across Northeast Ohio.
Commercial Real Estate — Seven Hills
Seven Hills Mayor Biasiotta joined city officials for the groundbreaking of the Cleveland Rehabilitation Hospital on Rockside Road, bringing advanced rehab services and economic growth to the community.
Commercial Real Estate — Seven Hills
A new 60-bed inpatient rehabilitation hospital officially broke ground on Rockside Road in Seven Hills, expected to bring more than 100 jobs to the area.
Commercial Real Estate — Westlake
Westlake-based Carnegie Management & Development Corp. has been awarded two 20-year Veterans Affairs contracts worth more than $537.5 million combined, further cementing the firm's role as one of the nation's top government facility developers.
Commercial Real Estate — Cleveland
The Port of Cleveland has approved an $82 million financing package to support redevelopment projects across Richmond Heights, Seven Hills, Valley View, and the Cleveland port area, funding public safety infrastructure and clean energy initiatives.
Commercial Real Estate — Lakewood
The former Steve Barry Buick dealership site at 16000 Detroit Ave. in Lakewood is being transformed into two four-story buildings with 124 apartments and a new Huntington Bank branch in a $30.5 million redevelopment.
Commercial Real Estate — Cleveland
Three Cleveland professional sports organizations are collectively seeking $125 million in public funding — the Guardians for Progressive Field ($64.8M), the Cavaliers for Rocket Arena ($40.3M), and the Cleveland Soccer Group for a new stadium ($19.9M).
Commercial Real Estate — Cleveland
The Carriage Co., a $51.6 million mixed-use development on W. 25th Street in Ohio City, is bringing 129 apartments, 8,000 sq ft of commercial space, and 5,000 sq ft of retail to the historic former Rauch & Lang Carriage Company buildings.
Commercial Real Estate — Cleveland
The Cleveland Clinic's 120,000-square-foot northwest research building is expected to be completed this month, joining its already-finished northeast counterpart as part of the $565 million Cleveland Innovation District initiative.
Commercial Real Estate — Ohio City - Market District
A 40,000 sq ft high-end organic grocer is anchoring a new mixed-use development near the West Side Market. Sources indicate it's a major national brand making a push into the urban core.
Commercial Real Estate — Aurora - Route 43 & Treat Road
Tulum Mexican Restaurant, a popular Twinsburg eatery known for its Birria tacos and coastal boho vibe, is expanding to a massive 21-acre site in Aurora. Owner Jaime Delapaz has purchased the parcel at Route 43 and Treat Road to create a multi-use dining and retail destination.
Commercial Real Estate — Ashtabula - Main Avenue Corridor
The $1.6M Appalachian Community Grant-funded facade program on Main Avenue has six participants ready to bid out projects. A pre-construction meeting for the full sidewalk replacement is scheduled for next week.