Cleveland
Akron Children’s Announces $200M Tower Expansion
By Adrian Maties, Associate Editor Akron Children’s Hospital has announced its plans to build a $200 million expansion of its campus in downtown Akron. The project is called ”Building on the Promise” and will help the hospital keep up with the increase in patients and services. This is Akron Children’s first major project in 22 […]
Cleveland’s Old Saint Luke’s Hospital Becomes Apartment Complex
By Adrian Maties, Associate Editor Cleveland’s Saint Luke’s Hospital closed in 1999 and sat empty in the heart of the Buckeye-Shaker neighborhood until last year. But after private developer Pennrose Properties and other organizations got together and restored the hospital, it became Saint Luke’s Manor, a huge apartment complex that houses independent-living senior citizens. Saint […]
SIGNET Development Breaks Ground on $130M NEOMED Expansion Project
By Adrian Maties, Associate Editor SIGNET Development, a full-service real estate development and construction management firm co-headquartered in Akron, Ohio, and Jacksonville, Fla., broke ground on July 24 on a new residential housing village in Rootstown for the Northeast Ohio Medical University (NEOMED). This is the first part of NEOMED’s three-phase master expansion plan. which […]
Cuyahoga County Eyes 250,000-SF Headquarters Space
By Adrian Maties, Associate Editor In a planned series of moves that promise to make a collective splash in the Cleveland real estate market, the Cuyahoga County government is in the hunt for 225,000 square feet for a new headquarters and another 200,000 square feet for record storage. In addition, the county also plans to put […]
Cleveland to Get New Police Station
By Adrian Maties, Associate Editor The city of Cleveland is working together with MidTown Cleveland Inc. on a $17.5 million development project that will bring the first new police station to the city in 34 years. The project will help make the neighborhood safer, will catalyze development–and will free two important properties in Midtown and […]
Cleveland Skyscraper Avoids Foreclosure
By Adrian Maties, Associate Editor Great news for the Tower at Erieview, one of downtown Cleveland’s best-known buildings. A foreclosure case against the office-retail complex at 1301 E. Ninth St. has been dropped, thanks to the efforts of Werner Minshall, the owner of the property. He managed to find a lender willing to buy out […]
Cleveland Medical Mart Achieves Milestone in Construction Process
By Adrian Maties, Associate Editor The $465 million Medical Mart & Convention Center project under construction in Cleveland has now reached an important milestone. On Friday, June 22, the uppermost steel beam was placed on top of the building in a topping out ceremony. Dignitaries and hundreds of construction workers signed a white steel beam, […]
California Pension Fund Acquires Statler Arms
By Adrian Maties, Associate Editor The California State Teachers’ Retirement System acquired a majority stake in LCOR, a Berwyn, Pa.-based unit of the defunct financial giant Lehman Brothers Holdings Inc. Included in the more-than-$800 million transaction are 14 apartment buildings totaling 5,000 units and including Statler Arms Apartments in Downtown Cleveland. The Statler is located […]
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