🏘️ Investors Make Strategic Play in Old Brooklyn

🎓 Education Investment Powers New Community Hub

February 04, 2026

Good morning, Cleveland Real Estate Investors!

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📬 In today’s edition:

  • 🏨 Ohio City Boutique Hotel Gets Financing Lifeline

  • 🌿 Irishtown Bend Ready for Its Next Big Chapter

  • 🏗️ Bedrock’s Next Move Could Reshape the Flats

📰 Cleveland Market Minute

Ohio City hotel gets financing extension

A state panel this week extended its offer to help finance construction of a new 129-room boutique hotel in Cleveland’s Ohio City neighborhood.

While that doesn’t guarantee the hotel will move forward, the developer leading the project said construction can’t start without the state’s financing.

Irishtown Bend hillside ready for next step

As project sponsor, the Port of Cleveland has officially completed the stabilization of the Irishtown Bend hillside, marking a historic milestone for public safety, economic resilience and environmental stewardship along the Cuyahoga River.

On Friday, February 13, the Port will formally transfer leadership of the project to Cleveland Metroparks and its partners, who will begin the next phase of work to bring a 25-acre public park to life for residents of Northeast Ohio.

New $2.9M gym, multi-use center offer Breakthrough for East Side

Breakthrough Public Schools held a grand opening and ribbon cutting ceremony this week for its new gymnasium and multi-purpose space at the Breakthrough Woodland Hills Campus, 9201 Crane Ave. in Cleveland.

The new facilities offer a modern, affordable and safe hub for school and community activities.

📍7108 Brookside Dr, Cleveland, OH 44144

  • 💰 Sold Price: $242,000

  • 📏 Size: 1,547 sq. ft.

  • 📅 Year Built: 1951

  • 🛏 4 Beds | 🛁 3 Full Baths

  • 🚗 2-Car Detached Garage

  • 🌳 Lot Size: 6,499 sq. ft.

  • 🏫 School District: Cleveland Municipal School District

📝 Investor Takeaway

This Old Brooklyn sale highlights continued strength in affordable, owner-occupant–friendly neighborhoods with solid rental fundamentals. Trading at approximately $156 per square foot, the property reflects strong value relative to replacement cost while offering functional bedroom count and multiple full bathrooms—features that consistently support demand from both families and tenants.

The partially finished basement with full bath expands usable living space and presents optional upside for light value-add positioning, whether as a recreation area, home office, or extended-living setup. With estimated rents near $2,000/month, this property supports stable cash flow, long-term hold strategies, or owner-occupants seeking cost-effective entry into a resilient west-side submarket.

🏡 Neighborhood Insight

  • 📍 Community: Old Brooklyn / Brookside Park Area

  • 🏞 Nearby Landmarks: Brookside Reservation, Cleveland Metroparks Zoo, Big Creek Parkway

  • 🚶 Accessibility: Quick access to I-71, I-480, and Downtown Cleveland

  • 🌿 Lifestyle Appeal: Parks, schools, shopping corridors, and highway connectivity within minutes

📈 Recent Sales Nearby:

  • 4130 W 58th St – $180,000 | 3 Bed | 3 Bath | 1.5k sq. ft.

  • 5000 Behrwald Ave – $210,000 | 4 Bed | 3 Bath | 1.3k sq. ft.

  • 4813 Park Dr – $190,000 | 4 Bed | 2 Bath | 1.5k sq. ft.

  • 9416 Outlook Dr – $215,000 | 3 Bed | 2 Bath | 1.4k sq. ft.

  • 7010 Woodhaven Ave – $219,500 | 3 Bed | 2 Bath | 1.6k sq. ft.

📌 Notable Features

  • ✨ Classic Cape Cod layout with flexible bedroom configuration

  • 🔥 Living room with wood-burning fireplace

  • 🍽 Updated kitchen with new cabinets, countertops & flooring

  • 🛏 Main-floor bedroom ideal for guests or home office

  • 🏠 Partially finished basement with full bath

  • 🌳 Privacy-fenced backyard for outdoor living

  • 🚗 Detached 2-car garage for parking & storage

  • 🛠 Major mechanical updates within the last 5 years (roof, furnace, A/C, water tank)

💡 Insider’s Insight

🏘️ Investors Make Strategic Play in Old Brooklyn

Old Brooklyn | January 27, 2026

  • Six market-rate townhomes planned on Stanford Ave near Pearl Rd

  • Homes up to 1,675 sq ft, 3 bedrooms, starting at $375,000

  • Eligible for 15-year Cleveland tax abatement

  • Developed by Greenlight Building Co. (founded 2023)

Why It Matters

  • Rare residential + commercial synergy strategy

  • New housing supports Pearl Rd businesses, and vice versa

  • Reinforces Pearl Rd as Old Brooklyn’s economic spine

Commercial Momentum

  • Renovated Pearl Rd buildings now home to:

  • 🛍️ The Geek Peek

  • ☕ Lekko Coffee

  • 🎨 The Splatter Loft

  • 🎶 The Foundry Concert Club (relocated from Lakewood)

  • Additional restaurant/bar concept planned at 4302 Pearl Rd

What’s Next

  • More infill housing potential

  • Continued retail activation along Pearl Rd

  • Other nearby projects advancing:

  • $8.9M Pearl Road Residences

  • Memphis & Pearl mixed-use development

🌊 Bedrock Expands Riverfront Holdings

Flats South | January 29, 2026

  • Bedrock affiliate Starling Stone LLC acquiring 1.9-acre site at 401 Stones Levee Rd

  • Adjacent to a 2.2-acre parcel purchased in 2023

  • Total combined footprint: 4.1 acres

Key Details

  • Property not currently part of Bedrock’s $3.5B riverfront masterplan

  • No official use announced — rumors point to a live performance venue

  • Site could accommodate a 5,000-seat amphitheater, similar to former Tower City Amphitheater

Why This Location Works

  • Near future Cleveland Clinic Global Peak Performance Center

  • Improved access via restored Eagle Ave ramp

  • Ample nearby parking capacity

  • Surrounded by expanding entertainment and hospitality investments

Big Picture

  • Bedrock continues assembling land for experiential, entertainment-driven development

  • Potential to significantly increase riverfront foot traffic and tourism

🏡House of the Week – Luxury Lakefront Living Meets Urban Edge – THE VANTAGE

📍5217 Herman Ave #S/L-3, Cleveland, OH 44102

  • 💰 Price: $710,000

  • 📏 Size: 2,224 sq ft

  • 📅 Year Built: 2024 (15-Year Tax Abatement)

  • 🛏 3 Beds | 🛁 3 Full Baths + 1 Half Bath

  • 🚗 Oversized 2-Car Attached Garage

  • 🏘 Townhouse | Burik Luxury Townhomes

  • 🏫 School District: Cleveland Metropolitan School District

🧘 Vibes: Built by award-winning Keystate Homes, this striking new-construction townhome blends forward-thinking design with neighborhood-sensitive architecture on one of Ohio City’s most coveted blocks north of Lorain. Peaked rooflines and a welcoming front porch nod to the historic district, while steel roofing, floor-to-ceiling windows, and private tucked-away terraces deliver a distinctly modern edge.

Inside, the home showcases dramatic vaulted ceilings, 10-foot main-level ceilings, and a bright open-concept layout anchored by a high-fashion island kitchen featuring quartz countertops, quality cabinetry, and high-efficiency appliances—designed for both everyday living and effortless entertaining.

The extra-large owner’s suite impresses with vaulted ceilings, a spa-grade luxury tile bath, and a generous walk-in closet, while the private guest suite with ensuite bath offers flexibility for visitors or work-from-home living.

Set within Harbor Whitman, an intimate four-unit development, this residence delivers rare new construction in Ohio City paired with the powerful advantage of the pre-2024 tax abatement system—meaning you only pay taxes on the land. Steps from parks, shops, dining, public transit, and medical services, this home offers architectural distinction, efficiency, and long-term value in one exceptional package.

👉 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 | Market, Development & Sales

Cleveland’s real estate activity this week reflects steady neighborhood investment, incremental progress on catalytic public projects, and continued strength in affordable, livable housing across the city’s west side.

🏗️ Development & Civic Investment

Momentum continues in Ohio City as a proposed 129-room boutique hotel secured a state financing extension—an essential step toward construction, though not yet a guarantee. Along the river, the Port of Cleveland has completed stabilization of the Irishtown Bend hillside, formally transitioning the project to Cleveland Metroparks for the next phase: transforming the site into a 25-acre public park. On the East Side, Breakthrough Public Schools opened a new $2.9M gym and multi-use facility, reinforcing the role of institutional investment in neighborhood revitalization.

🏠 Just Sold Spotlight | Old Brooklyn Stability

  • 📍 7108 Brookside Dr, Cleveland, OH 44144

  • 💰 $242,000 | 📏 1,547 sq. ft. | 🛏 4 Beds | 🛁 3 Baths | Built 1951

Selling near $156 per square foot, this Old Brooklyn home highlights ongoing demand for affordable, functional housing in established neighborhoods. With four bedrooms, three full baths, and a partially finished basement, the property supports both owner-occupant use and long-term rental strategies, with estimated rents near $2,000/month reinforcing the area’s dependable fundamentals.

💡 Insider’s Insight

Old Brooklyn continues to emerge as a balanced growth corridor where residential infill and small-scale commercial reinvestment reinforce one another. Planned tax-abated townhomes near Pearl Road, combined with ongoing retail activation and mixed-use proposals, signal confidence in the neighborhood’s long-term trajectory. At the same time, Bedrock’s continued land assembly along the Flats South riverfront—now totaling more than four acres—underscores a broader shift toward experiential, entertainment-driven development that could significantly increase foot traffic and tourism near Downtown.

🏡House of the Week – Luxury Lakefront Urban Living

  • 📍 5217 Herman Ave #S/L-3, Cleveland, OH 44102

  • 💰 $710,000 | 📏 2,224 sq. ft. | 🛏 3 Beds | 🛁 3.5 Baths | Built 2024

  • 🏷 15-Year Tax Abatement

A high-design townhome offering vaulted ceilings, private terraces, and energy-efficient construction just minutes from the lakefront and Ohio City amenities. The long-term tax abatement enhances ownership economics while delivering luxury living in one of Cleveland’s most supply-constrained submarkets.

Until next week,

Cleveland Real Estate Investors

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