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- ⚾ Big Changes at Progressive Field — Final Phase Begins!
⚾ Big Changes at Progressive Field — Final Phase Begins!
💰 $1M Boost for Every Ohio County — Brownfield Funds Announced
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📬 In today’s edition:
💬 City Pushes Back on Haslam Plan — What’s Next for the Deal?
🧱 Ohio Invests Big in Site Cleanups and Redevelopment
💡 City Infill Revival: New Builds Reshape Neighborhoods
📰 Cleveland Market Minute
Next Progressive Field renovations to start
Demolition work is about to begin at selective locations throughout Progressive Field, home of the Cleveland Guardians baseball team.
This represents the start of the third and final phase of more than $200 million worth of renovations to the 31-year-old ballpark, located at 2401 Ontario St. in Downtown Cleveland.
Westinghouse redevelopment wins city love
City support came from several directions today for the redevelopment of the long-vacant Westinghouse plant, 1200 W. 58th St. in Cleveland’s Gordon Square neighborhood. But more is needed in order to finalize the redevelopment financing package and design work for the project.
The biggest city hurdle that was traversed today was the unanimous vote by the Board of Zoning Appeals (BZA) in support of two zoning variances.
Haslams-Cleveland deal gets first airing
Cleveland’s Design-Review Committee of the City Planning Commission was the first committee tasked by City Council to hear details on the proposed settlement between the city and the owners of the Cleveland Browns football team. But it was clear from some members that the deal left them wanting — for more details, more money and more time.
The time aspect was why the commission was being asked to review this proposed settlement today in a special meeting outside of its usual schedule.
📍 2242 W 5th St, Cleveland, OH 44113
💰 Sold Price: $539,000
📏 Size: 2,647 sq. ft. (2,122 above + 525 finished lower level)
📅 Year Built: 2006
🛏 3 Beds | 🛁 2 Full, 1 Half Baths
🚗 2-Car Attached Garage
🌳 Lot Size: 2,439 sq. ft.
🏫 School District: Cleveland Municipal School District
📝 Investor Takeaway
This 5-level end-unit townhome in the heart of Tremont just sold — offering panoramic skyline views, no HOA fees, and sophisticated multi-level living designed for both comfort and style.
Step inside to find soaring ceilings, hardwood floors, and oversized windows that fill the home with natural light. The modern kitchen features granite countertops, stainless steel appliances, and a spacious eat-in layout ideal for entertaining.
The primary suite includes a walk-in closet and ensuite bath, while the top level boasts two rooftop patios with stunning downtown views — perfect for relaxing evenings or hosting guests.
Additional features include a gas fireplace, media room, home office/flex space, and a finished lower level. Nestled in one of Cleveland’s most walkable neighborhoods, this Tremont home sold quickly thanks to its unbeatable location and versatile design.
🏡 Neighborhood Insight
📍 Community: Literary Bluffs, Tremont
🏞 Nearby Landmarks: Lincoln Park, The South Side, Tremont Tap House, and the Towpath Trail
🧾 Tax Abatement: N/A (built 2006, fully assessed)
🚶 Accessibility: Minutes to Downtown Cleveland, Ohio City, and major highways (I-90, I-71, I-490, I-77)
📈 Recent Sales Nearby:
627 University Rd – $600,000 | 3 Bed | 3 Bath | 2,200 sq. ft.
1951 Columbus Rd – $575,000 | 3 Bed | 3 Bath | 2,700 sq. ft.
2250 City View Dr – $485,000 | 3 Bed | 2 Bath | 2,000 sq. ft.
2444 W 7th St – $501,500 | 3 Bed | 3 Bath | 1,700 sq. ft.
2165 W 6th St – $655,000 | 3 Bed | 4 Bath | 3,100 sq. ft.
📌 Notable Features
✨ 5-level end-unit layout with flexible spaces
🔥 Gas fireplace in main living area
🌆 Dual rooftop patios with downtown Cleveland views
🍽️ Granite kitchen counters + stainless appliances
🎬 Private media room + office/flex area
🧺 In-unit laundry (upper level)
🚗 Attached garage with direct entry
🎧 Wired sound system + central vacuum
🐾 Walkable to Tremont’s dining, art, and nightlife
💡 Insider’s Insight
📰 Cleveland Real Estate & Development Brief | October 2025
🏟️ Progressive Field Renovations Enter Final Phase
Demolition begins on select areas of Progressive Field, kicking off the third and final phase of the Guardians’ $200M renovation plan.
The 31-year-old stadium at 2401 Ontario St. will see upgraded concourses, new social spaces, and enhanced fan amenities — marking a major step in Cleveland’s downtown sports infrastructure renewal.
🏭 Westinghouse Redevelopment Gains Momentum
Cleveland’s Gordon Square neighborhood is set for a revival as the Westinghouse plant redevelopment receives key city backing.
Officials approved support measures to finalize the financing and design package, aiming for construction on Phase 1A to begin in early 2026.
This adaptive reuse will convert the long-vacant industrial site into a mixed-use hub blending housing, commercial, and community space.
🏈 Haslam–Cleveland Deal Gets First Hearing
City Council’s Design Review Committee began examining the proposed settlement between Cleveland and the Haslam Sports Group.
While details remain under discussion, early feedback signals questions around development scope, financing transparency, and long-term impact on the city’s lakefront plans.
🏘️ Townhouse Market Rebounds
After a quiet stretch, Cleveland’s townhouse construction scene is regaining momentum.
New and remodeled projects are rising citywide as builders tap into renewed buyer demand, highlighting confidence in urban infill housing and neighborhood revitalization.
🧱 $1M Brownfield Grants for Every Ohio County
The Ohio Brownfield Program will allocate $1 million per county in 2026, including Cuyahoga County, to accelerate site cleanup and redevelopment.
This could unlock hundreds of previously unusable parcels for new housing, business, and mixed-use projects — boosting investment in post-industrial areas.
📍 2046 W 11th Pl, Cleveland, OH 44113
💰 Price: $676,500
📏 Size: 2,044 sq. ft.
📅 Year Built: 2013
🛏 3 Beds | 🛁 2 Full, 1 Half Baths
🚗 2-Car Attached Garage
🌳 Lot Size: 1,611 sq. ft.
🏫 School District: Cleveland Municipal School District
🧘 Vibes: Set atop one of Tremont’s highest points, this striking three-story contemporary townhome delivers panoramic downtown skyline views and refined, light-filled interiors.
The entry-level features a stylish two-story foyer with a modern chandelier, heated tile floors, and direct access to the 2-car garage, gym, and fenced yard. The main floor flows effortlessly between an open-concept living and dining space with bamboo flooring, gas fireplace, and floor-to-ceiling windows that flood the home with natural light.
A chef’s kitchen showcases stone counters, stainless steel appliances, custom built-ins, and a breakfast bar, leading to a Juliette balcony with retractable awning for sunny afternoons. Upstairs, you’ll find a spacious primary suite with a walk-in closet and spa-style ensuite, along with two additional bedrooms and a convenient laundry area.
The showstopper? A rooftop deck with remote-controlled retractable awning and Azek paver system, offering unmatched views of the Cleveland skyline — perfect for entertaining or relaxing under the stars.
👉 Listed by: Carolyn M. Bentley | Howard Hanna
📞 (216) 470-1502 | ✉️ [email protected]
🛠 Tools & Resources We Recommend
PropStream → Lead generation + property comps
AirDNA → Short-term rental profitability data
BiggerPockets Cap Rate Guide → Know how to calculate investment ROI
Cleveland Housing Court Tracker → Spot eviction risks and distressed deals
Cleveland Real Estate Investor Facebook Group → Share deals and insights with local investors
📣 Weekly Wrap-Up
🏙️ Cleveland Real Estate Weekly | October 2025
Cleveland’s growth continues to accelerate — from new housing and adaptive reuse to infrastructure upgrades shaping the region’s next decade of investment.
🌇 Downtown Momentum
Developers unveiled plans for The Avenue District Phase II — a $120M mixed-use tower with 220 apartments, retail, and structured parking, signaling sustained confidence in downtown living.
🏭 Manufacturing Reboot in Glenville
The former White Motor Co. site is set for a 300,000 sq. ft. advanced manufacturing hub. City officials say it could create 350 jobs and anchor Cleveland’s industrial revival.
🏘️ Suburban Redevelopment
In Westlake, Vocon Architects introduced a 5-acre residential conversion with townhomes, green courtyards, and live-work lofts — reflecting strong buyer demand for modern, low-maintenance homes.
📊 Market Snapshot (Q3 2025)
Office: –62K SF absorption | 22.9% vacancy | $21.68/SF avg rent (+2.7% YoY)
Industrial: –1.9M SF absorption | 4.8% vacancy | $6.02/SF avg rent (–2.5% YoY)
Leasing remains resilient amid macro pressures, with suburban markets outperforming the downtown core.
🌊 Waterfront & Transit Growth
Designs advanced for North Coast Connector, a new pedestrian bridge linking Mall C to the lakefront. Meanwhile, RTA’s West 25th Red Line station revamp progresses — part of the city’s multi-modal access initiative.
🏡 Just Sold – 2509 Thurman Ave, Cleveland, OH
💰 $638.5K | 2,840 sq. ft. | 3 Beds | 3 Baths | Built 2016
Modern Tremont home featuring 3-car garage, open-plan living, and rooftop deck — underscoring the neighborhood’s continued appeal among urban professionals.
🏠 House of the Week – 2242 W 5th St, Cleveland, OH
💰 $539K | 2,647 sq. ft. | 3 Beds | 2.5 Baths | Built 2006
A skyline-view townhome in Tremont with dual rooftop patios, hardwood interiors, and no HOA fees — city living at its best.
Until next week,
Cleveland Real Estate Investors
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