Commercial real estate development, leasing, and construction news across Northeast Ohio.
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.