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📬 In today’s edition:

• 🏢 Downtown Shake-Up: Major HQ Considering a Move

• 🏫 Cleveland Ranked #2 Nationally in School Conversions

• 🌆 Why Cleveland Is Becoming a National Redevelopment Model

📰 Cleveland Market Minute

Downtown Cleveland may lose HQ

With its lease running out at the end of next year, a major employer in Downtown Cleveland is searching for answers.

The questions are — to stay put and aid in the rebirth of a decaying property? To relocate to another downtown building? Or to move to one of many vacant, modern office buildings in the suburbs?

 🔗 Read More

East 89th rises amidst Fairfax’s renaissance

In May 2022, NEOtrans broke the news that Timothy L. Tramble, Sr., president and CEO of the St. Luke’s Foundation, planned to build 48 housing units on East 89th Street through his firm We Rise Development LLC.

The project, called 89th Rising, consists entirely of rental units. The apartments have been listed at relatively affordable prices in order to target families and young professionals looking to return to the neighborhood.

🔗 Read More

Erieview Tower residential advances

With interior demolition work wrapping up, the Erieview Tower redevelopment team is now getting ready to update the building’s life safety infrastructure and convert the tower’s midsection to residential.

A construction permit application was submitted to the city yesterday for the proposed work which includes the residential conversion of 12 floors at the Erieview Tower office building, 1301 E. 9th St.

🔗 Read More

🏠 Just Sold Spotlight – Modern Colonial Living in Ohio City

📍 2177 W 41st St, Cleveland, OH 44113

• 💰 Sold Price: $419,000

• 📏 Size: 2,327 sq. ft. (1,577 above + 750 finished lower level)

• 📅 Year Built: 2000

• 🛏 2 Beds | 🛁 2 Full, 1 Half Baths

• 🚗 2-Car Detached Garage (Insulated + New Door 2021)

• 🌳 Lot Size: 3,741 sq. ft.**

• 🏫 School District: Cleveland Municipal School District

📝 Investor Takeaway

This modernized Colonial in the heart of Ohio City offers a compelling blend of structural updates, smart floorplan design, and prime walkability. With loft-inspired ceilings throughout the main living areas, the home feels bright, open, and architecturally elevated—perfect for today’s urban buyer.

Major improvements include a 2020 roof, 2020 dual-pane energy-efficient windows/doors (transferable 30-year warranty), and an updated insulated garage. Inside, hardwood flooring runs throughout, complementing the spacious great room with fireplace and the thoughtful second-level layout featuring walk-in closets and a dedicated laundry room.

The partially finished lower level provides a true value-add: plush carpet, full bathroom, wet bar, and the flexibility to serve as a guest suite or additional living space.

With updates handled and the location dialed in, this home offers strong resale potential and seamless rental viability—especially in one of Cleveland’s most consistently high-demand neighborhoods.

🏡 Neighborhood Insight

• 📍 Community: Orchard Park / Ohio City

• 🏞 Nearby Landmarks: West Side Market, Hingetown, Gordon Square, multiple breweries, restaurants, boutiques, and the Red Line Greenway

• 🧾 Tax Abatement: None (fully assessed)

• 🚶 Accessibility: Minutes to Lorain Ave, Detroit Ave, W 25th, I-90, and public transit; extremely walkable to dining and nightlife

📈 Recent Sales Nearby:

• 1949 Columbus Rd – $539,000 | 3 Bed | 3 Bath | 2.6k sq. ft.

• 2171 W 41st St – $405,000 | 3 Bed | 3 Bath | 1.9k sq. ft.

• 2829 Clinton Ave – $470,000 | 3 Bed | 3 Bath | 2.1k sq. ft.

• 2250 W 20th St – $429,000 | 2 Bed | 3 Bath | 1.8k sq. ft.

• 1862 W 44th St – $455,000 | 3 Bed | 3 Bath | 1.6k sq. ft.

📌 Notable Features

• ✨ Loft-inspired high ceilings with exceptional natural light

• 🔥 Fireplace-centered great room

• 🪟 2020 dual-pane windows/doors w/ transferable warranty

• 🛠️ 2020 roof + 2021 insulated garage w/ new door

• 🛋 Hardwood flooring throughout

• 🧺 Second-floor laundry (washer + dryer included)

• 🍽️ Cooktop, dishwasher, microwave, refrigerator included

• 🔑 Partially finished basement w/ full bath + wet bar

• 🌳 Fully fenced backyard with private outdoor space

• 🚗 Detached 2-car garage with insulation + paved driveway

💡 Insider’s Insight

🏙️ Cleveland Development & Adaptive Reuse Update | November 2025

🏫 Cleveland’s School-to-Housing Boom

Cleveland is emerging as one of the nation’s top leaders in converting closed schools into new housing. According to RentCafe’s 2025 Adaptive Reuse Report, the city now ranks #2 nationwide for school-to-apartment conversions, with 615 units already moving through the development pipeline.

These projects represent nearly one-quarter of Cleveland’s entire adaptive reuse pipeline — a total of 2,701 planned residential units, the 13th-largest conversion pipeline in the United States.

🏙️ Major Redevelopment Sites in Motion

Several transformation projects are reshaping neighborhoods across Cleveland:

Martin Luther King Jr. High School – Hough

At 11 acres, MLK High is one of the largest development opportunities the neighborhood has seen in nearly a century. Plans call for 300+ apartments, with Structures Unlimited now moving toward final acquisition of the site.

John F. Kennedy High School – Lee-Harvard

A 14-acre former school and recreation center is set to become a fully walkable town center — complete with new streets, parks, apartments, mixed-income housing, and retail. Eagle’s Nest Realty Group was selected to lead the redevelopment earlier this year.

Watterson Lake School – Detroit-Shoreway

A rare two-acre redevelopment site in a dense neighborhood, now planned for 136 units and two ground-floor restaurants. The project is advancing following key zoning approvals.

Additional projects include renovations or full conversions at the Empire School (63 units), Audubon Junior High, Robert Fulton School, and recent reopenings at Longfellow School (senior housing) and Hawthorne School (37 apartments).

With CMSD planning to close or merge 29 additional schools, including 18 buildings to be vacated, even more sites are entering the pipeline — positioning Cleveland to remain a national leader in adaptive reuse through the rest of the decade.

⚙️ Policy Tailwinds Driving Redevelopment

Cleveland’s recent success isn’t accidental. A major factor is the expansion of Form-Based Code, which has dramatically accelerated approvals.

In pilot neighborhoods — Hough, Fairfax, Detroit-Shoreway/Cudell, and the Opportunity Corridor — the average construction permit turnaround dropped from 100 days to just 35 days.

Combined with local incentives and a strong appetite for historic preservation, the city has created a developer-friendly climate that rewards adaptive reuse. This streamlined environment positions Cleveland well as national demand for conversions grows — with 74 additional schools in 59 U.S. cities slated for redevelopment, expected to produce 9,081 units in the coming years.

🌆 Outlook

Cleveland’s adaptive reuse story is becoming a national model: leveraging vacant schools, preserving urban fabric, boosting housing supply, and revitalizing long-underused properties. As more closures are converted into residential projects — and as major sites like MLK High and JFK begin construction — the city is poised for one of the most significant neighborhood reinvestment cycles in its recent history.

🏠 House of the Week – Panoramic City-View Townhome in Tremont

📍 2282 W 5th St, Cleveland, OH 44113

• 💰 Price: $549,000

• 📏 Size: 3,099 sq. ft. (2,518 sq. ft. above grade + 581 sq. ft. finished lower level)

• 📅 Year Built: 2004

• 🛏 3 Beds | 🛁 2 Full + 1 Half Baths

• 🚗 2-Car Attached Garage

• 🌳 Lot Size: 2,308.68 sq. ft.

• 🏫 School District: Cleveland Municipal School District

🧘 Vibes: This Tremont stunner delivers sweeping downtown skyline views, dramatic ceiling heights, and expansive sun-filled living spaces across multiple levels. A rare NO-HOA townhome, it's built for both entertainment and everyday comfort. Enjoy three outdoor living areas, including two rooftop decks, plus a built-in wet bar, making the top floor an entertainer’s dream—or the perfect flex third bedroom or home office.

Step into the open foyer leading to a soaring living room with solid hardwood floors, a fireplace, and oversized windows that fill the home with incredible natural light. The second level features an open gourmet kitchen with granite counters, stainless steel appliances, extensive cabinetry, and hardwood flooring—perfect for gatherings with seamless flow between kitchen, dining, and second living space.

The bedroom level offers two large bedrooms, each with its own private full bath. The owner’s suite includes a sitting area, walk-in closet, and a luxury spa-style bath with an enclosed shower and glamorous new finishes. The entire home has been refreshed with new flooring, new carpeting, new paint, and a stunning master bath remodel.

All of this sits in one of Tremont’s most desirable locations—residential, tree-lined, and just steps from the neighborhood’s restaurants, cafés, and parks.

👉 Listed by: Vlad L. Lyner | Acacia Realty, LLC

📞 (216-650-2038 | ✉️ [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 transformation wave continues — from corporate HQ decisions and major residential conversions to adaptive reuse of long-idle schools. Investor momentum remains strong across the core and inner-ring neighborhoods.

🏢 Downtown Cleveland: HQ Uncertainty

A major downtown employer is weighing its options with a lease expiring in late 2026.

The decision: remain in its aging HQ, relocate to a renovated downtown tower, or shift to a vacant Class A suburban campus.

The outcome will influence vacancy trends, incentive negotiations, and the broader downtown recovery trajectory.

🏘️ Fairfax Momentum: 89th Rising Moves Forward

89th Rising — a 48-unit rental project by We Rise Development LLC — is bringing new, attainable housing to Fairfax.

With pricing aimed at families and early-career professionals, the development aligns with the neighborhood’s ongoing reinvestment near Opportunity Corridor, Cleveland Clinic, and new mixed-income housing.

🏗️ Erieview Tower Conversion Accelerates

Interior demolition at Erieview Tower (1301 E. 9th St.) is nearly complete.

Developers submitted permits to convert 12 office floors into residential units while upgrading life-safety systems.

This is one of downtown’s largest vertical mixed-use transitions and a key component in diversifying the CBD’s housing stock.

🏠 Just Sold Spotlight – Modern Colonial in Ohio City

• 📍 2177 W 41st St, Cleveland, OH 44113

• 💰 $419,000 | 2 Beds | 2.5 Baths | 2,327 sq. ft. | Built 2000

A renovated Colonial with loft-style ceilings, hardwood throughout, and a fully finished lower level featuring a full bath + wet bar.

Recent upgrades — roof (2020), energy-efficient windows/doors (2020), and an updated insulated garage — strengthen both resale outlook and rental appeal.

Positioned in one of Cleveland’s highest-demand walkable districts.

🏙️ Insider’s Insight: Cleveland’s School-to-Housing Surge

Cleveland ranks #2 in the U.S. for converting closed schools into residential housing, with 615 units already in the pipeline.

These projects represent nearly 25% of all adaptive reuse activity citywide — a major driver of affordable and mixed-income supply.

Key redevelopment sites advancing:

• MLK High School (Hough): 300+ units across an 11-acre campus

• JFK High School (Lee-Harvard): Walkable town center with new streets, parks, mixed-income housing, and retail

• Watterson Lake School (Detroit-Shoreway): 136 units + two ground-floor restaurants

• Additional conversions underway at Empire School, Audubon Jr. High, Robert Fulton, Longfellow, and Hawthorne

The expansion of Form-Based Code has slashed permit timelines from 100 days → 35 days, accelerating construction readiness and favoring adaptive reuse throughout the Opportunity Corridor and West Side neighborhoods.

Until next week,

Cleveland Real Estate Investors

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