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📬 In today’s edition:

• 🏥 Cleveland Clinic’s Mega-Buildout Is Reshaping the City

• 🏗️ Big Moves Downtown: AC Hotel Conversion Begins Soon

• 🌉 Irishtown Bend Sale Highlights Market Strength

📰 Cleveland Market Minute

Report: Cleveland ranks 2nd in USA in redeveloping closed schools

While Cleveland is not unique among major cities in having a declining school population, it is proving to be adept at adapting.

This challenge comes in an era of shrinking households and growing housing costs, where there is a greater demand for affordable, quality housing than there is for classroom space.

 🔗 Read More

Downtown AC Hotel construction to start

Renovations will start in about two months to convert the Holiday Inn Express in Downtown Cleveland into the first AC Hotel by Marriott located in the city’s central business district.

Condominium owners and other tenants of the historic New England Building, 629 Euclid Ave., got word this week that renovations will start soon to convert just over half of the building from a Holiday Inn Express into an AC Hotel by Marriott.

🔗 Read More

Progress Pics: Cleveland Clinic advances on largest-ever building

The Cleveland Clinic is pushing closer to completion on a collection of new facilities across three different buildings.

So one might be surprised to walk around the block and find hundreds of new homes actively under construction.

🔗 Read More

🏠 Just Sold Spotlight – Stunning Irishtown Bend Townhome

📍 1949 Columbus Rd, Cleveland, OH 44113

• 📏 Size: 2,700 sq. ft. (2,150 above grade + 550 finished lower level)

• 📅 Year Built: 2007

• 🛏 4 Beds | 🛁 2 Full, 1 Half Baths

• 🚗 2-Car Attached Garage (Front-Facing, Concrete Driveway)

• 🌳 Lot Size: 1,955 sq. ft.

• 🏫 School District: Cleveland Municipal School District

📝 Investor Takeaway

Modern construction meets premium city living in this well-updated Irishtown Bend townhome. With panoramic views of the river and downtown from the rooftop deck, this 2,700 sq. ft. property offers strong long-term value in one of Cleveland’s most evolving urban corridors.

The home features maple hardwood floors, a full-wall gas fireplace, updated kitchen and bath finishes (2021–2023), and multiple outdoor spaces including a patio, terrace, and rooftop deck. New KitchenAid appliances (2022), updated HVAC (2023), and a recent roof/skylight replacement (2021) make this a low-maintenance, high-amenity investment.

Positioned near Ohio City, Duck Island, the Flats, and major trail networks, it’s ideal for owner-occupants or investors seeking a turn-key, high-demand rental in a top-tier neighborhood.

A rare blend of views, walkability, and modern upgrades—move-in ready with strong appreciation potential.

🏡 Neighborhood Insight

• 📍 Community: Irishtown Bend / Duck Island / Ohio City

• 🏞 Nearby Landmarks: Rivergate Park, Centennial Lake Link Trail, West Side Market, Redline Greenway, the Flats East Bank

• 🧾 Tax Abatement: None (fully assessed)

• 🚶 Accessibility: Minutes to W 25th, I-90, Tremont, and major riverfront trails; walkable to dining, shopping, and entertainment

📈 Recent Sales Nearby:

• 1951 Columbus Rd – $575,000 | 3 Bed | 3 Bath | 2.7k sq. ft.

• 2242 W 5th St – $539,000 | 3 Bed | 3 Bath | 2.6k sq. ft.

• 1916 Smith Ct – $600,000 | 3 Bed | 3 Bath | 1.6k sq. ft.

• 1951 W 26th St #T-5 – $420,000 | 2 Bed | 3 Bath | 2.0k sq. ft.

• 2444 W 7th St – $501,500 | 3 Bed | 3 Bath | 1.7k sq. ft.

📌 Notable Features

• ✨ Contemporary brick + vinyl exterior with multiple decks and terraces

• 🔥 Full-wall gas fireplace with glass doors

• 🍽️ Granite counters, breakfast bar, pantry & 2022 KitchenAid appliances

• 🛁 Updated owner’s suite shower (2023) + soaking tub

• 🪟 Maple hardwoods, recessed lighting, surround sound & smart thermostat

• 🛏 Rooftop-level bedroom with bar + deck overlooking river & city lights

• 🏠 Finished lower-level bedroom/bonus room

• 🌤 2021 roof & skylight replacement

• ❄️ New air conditioner (2023)

• 🪟 Cellular shades (2022)

💡 Insider’s Insight

📰 Special Development Edition

1️⃣ Major Port-Backed Redevelopments Move Forward

Warner & Swasey Phase I – MidTown Transformation

• $63.3M mixed-use redevelopment of the long-vacant Warner & Swasey complex.

• First phase converts 194,000 sq. ft. into 112 units (senior, family & workforce housing).

• Affordability range: 30–120% AMI.

Includes:

• 80 parking spaces

• Workforce development office space

• Tech-oriented workspace

• Community amenities

• Construction: Late 2025 → Late 2027.

• Developers: Pennrose + MidTown Cleveland Inc.

2️⃣ Westinghouse Redevelopment – Phase I Approved

Reactivating Cleveland’s Industrial Icon

• Port approves $25M lease revenue bonds for a $56.1M redevelopment.

• First phase includes:

• Conversion of historic 8-story tower → 106 residential units (10 workforce-rate)

New Foundry Building:

• 2 floors commercial

• 3 floors apartments (~30 units)

• Built behind preserved 19th-century foundry façade

• 222-space, two-level structured parking

• Construction: Q1 2026 → Q3 2027

• Developers: TW58 Cleveland LLC (Trebilcock family, Patina Capital, Krill)

• Phase 2 (residential) planned for west half of site (not yet submitted).

3️⃣ Irishtown Bend – Land Transfer Clears the Way

Park Project Reaches Critical Turning Point

• Port accepted four riverfront parcels from West Creek Conservancy.

• Enables completion of hillside stabilization + advancement toward park construction.

• Stabilization effort: $60M project ongoing since 2013.

Future development:

• 23-acre riverfront park

• Centennial Lake Link Trail

• Public access improvements

• $45M estimated cost to build full park; nearly half funded.

4️⃣ Big Picture: Port Authority’s Strategy

• Using creative, flexible financing tools to push catalytic urban projects forward.

Focus areas:

• Strengthening neighborhoods

• Expanding housing options

• Preserving historic structures

• Increasing public riverfront access

These collective moves position Cleveland for continued post-industrial reinvention.

🏠 House of the Week – Luxury New Construction in Duck Island

📍 2157 Columbus Rd, Cleveland, OH 44113

• 💰 Price: $675,000

  📏 Size: 2,224 sq. ft.

  📅 Year Built: 2024

  🛏 3 Beds | 🛁 3 Full + 1 Half Baths

  🚗 2-Car Attached Garage

  🌳 Lot Size: 871 sq. ft.

  🏫 School District: Cleveland Municipal School District

🧘 Vibes: Discover high-end modern living in the heart of Duck Island, one of Cleveland’s most desirable and fast-growing west side neighborhoods. Part of the exclusive Burik Luxury Townhomes community, this residence blends architectural elegance, premium craftsmanship, and thoughtful floorplan design for an elevated city lifestyle.

Step inside to an expansive open-concept second floor with wide plank LVP flooring, a statement electric fireplace finished in venetian plaster, and a chef-inspired kitchen featuring custom cabinetry, quartz countertops, an 11-foot waterfall island, and a GE Café appliance package.

The primary suite offers a retreat-like feel with a double-vanity bath, designer tile shower, and a walk-in closet. Each bedroom includes its own private ensuite bath, providing comfort and flexibility for guests or multi-level living.

The showstopper: a private rooftop deck with a wet bar and city views, perfect for relaxing or entertaining. Enjoy the convenience of an oversized two-car garage, efficient mechanicals, and a layout that flows effortlessly across three levels.

Best of all, the property comes with a full 15-year tax abatement—a rare opportunity as the program nears its phase-out. Live steps from Cleveland’s top dining, breweries, parks, and rapid transit, all while enjoying luxury in a private, well-designed community.

👉 Listed by: Haley Serna & Jordan Roth | Howard Hanna

📞 (234) 380-7654 | ✉️ [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 | November 2025

Cleveland’s development energy is running high—from school conversions and hotel reinventions to major healthcare expansions and riverfront progress—solidifying the city’s ongoing post-industrial transformation.

🏫 Closed Schools → New Housing

Cleveland ranks #2 in the nation for redeveloping shuttered school buildings, turning declining enrollment challenges into opportunities for affordable, quality housing in neighborhoods that need it most.

1️⃣ Warner & Swasey – MidTown Reborn

• $63.3M Phase I redevelopment

• 112 mixed-income units (30%–120% AMI)

• Workforce offices, tech workspace, community amenities

• Construction 2025 → 2027

• A long-vacant landmark shifting into a mixed-use anchor for MidTown’s revival.

🏠 Just Sold Spotlight – Irishtown Bend Townhome

📍 1949 Columbus Rd, Cleveland, OH 44113

A 2,700 sq. ft. modernized townhome featuring maple hardwoods, a rooftop deck with skyline views, updated mechanicals (2021–2023), new KitchenAid appliances, and multiple outdoor spaces.

Surrounded by Ohio City, Duck Island, the Flats, and major trail systems—this is turn-key urban living with long-term appreciation upside.

🏡 House of the Week – Luxury Duck Island New Build

• 📍 2157 Columbus Rd, Cleveland, OH 44113

• 💰 $675,000 | 3 Beds | 3.5 Baths | 2,224 sq. ft.

A high-end, 2024 new construction in the sought-after Burik Luxury Townhomes. Features include:

• Wide-plank LVP flooring

• Venetian plaster fireplace

• Chef’s kitchen with 11-ft waterfall island

Steps from top dining, breweries, parks, and rapid transit in one of Cleveland’s fastest-growing neighborhoods.

Until next week,

Cleveland Real Estate Investors

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