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📬 In today’s edition:

• 📦 West Side Industrial Inventory Tightens Further

• 🔬 NEOMED Strengthens Urban Healthcare Footprint

• 🏛 220K SF Landmark Hits the Market

📰 Cleveland Market Minute

Lakefront apartments on East Side OK’d

On Friday, City Planning Commission unanimously approved a planned 209-unit lakefront apartment development at the north end of Cleveland’s Goodrich-Kirtland Park neighborhood.

The project, Union at Cleveland Harbor, is being developed by the Annex Group of Indiana and designed by RDL Architects of Beachwood.

🔗 Read More

NEOMED to open Cleveland location

Another healthcare innovator is about to call Cleveland home. But this time it’s a healthcare change agent that’s been in Northeast Ohio for more than 50 years.

According to city Building Department records, NEOMED will spend $1.58 million to renovate and retrofit an 8,000-square-foot space at the three-story, 95,000-square-foot building that opened in May 2025.

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Largest-ever Cosm dome wins final OK for Bedrock’s Rock Block

City Planning Commission today voted unanimously to approve the design of Cosm Cleveland, a shared reality sports entertainment destination planned to fill a large parking crater in Downtown Cleveland’s Gateway District.

The venue, which features a nearly 100-foot, 12k-resolution LED dome, will be built by Bedrock as the first phase of its Rock Block development between Prospect Avenue and Huron Road along East 4th Street.

🔗 Read More

🏠 Just Sold Spotlight – Tremont Townhome with Strong Urban Rental Profile

📍 2252 W 5th St, Cleveland, OH 44113

• 💰 Sold Price: $580,000

• 📏 Size: Not Publicly Reported

• 📅 Year Built: 2006

• 🛏 4 Beds | 🛁 2 Full + 1 Half Bath

• 🚗 Attached 2-Car Garage

• 🏫 School District: Cleveland Municipal School District

📝 Investor Takeaway

This Tremont townhome sale highlights continued strength in low-maintenance, multi-level urban product near Downtown Cleveland. Trading near its Zestimate and within a projected sales range of $550K–$608K, the property demonstrates pricing stability in the established West 5th corridor.

With an estimated rent of approximately $4,070/month, the asset supports strong income potential for a four-bedroom layout in a walkable neighborhood. Built in 2006 and updated/remodeled, the property offers modern systems and finishes without the capital expenditure risk often associated with century homes nearby.

The attached two-car garage and additional off-street parking are meaningful differentiators in Tremont, enhancing both resale liquidity and tenant desirability. Ideal for owner-occupants seeking urban convenience or investors targeting long-term appreciation in a supply-constrained submarket.

🏡 Neighborhood Insight

• 📍 Community: Tremont, Cleveland

• 🏞 Nearby Landmarks: Lincoln Park, Towpath Trail, Ohio City, Downtown Cleveland

• 🚶 Accessibility: Quick access to I-90, I-71, and Downtown employment hubs

• 🌿 Lifestyle Appeal: Restaurants, nightlife, coffee shops, and boutique retail within walking distance

📈 Recent Sales Nearby:

• 1951 W 26th St #Th5 – $431,900 | 2 Bed | 3 Bath | 2.0k sq. ft.

• 1237 Center St #1202 – $637,500 | 2 Bed | 2 Bath | 1.9k sq. ft.

• 1228 W 74th St – $565,000 | 3 Bed | 3 Bath | 1.8k sq. ft.

• 1257 W 76th St #1257 – $555,000 | 2 Bed | 2 Bath | 2.0k sq. ft.

• 6911 Father Caruso Dr #12 – $605,000 | 2 Bed | 2 Bath | 2.1k sq. ft.

📌 Notable Features

• ✨ Three-level townhome with updated finishes

• 🔥 Fireplace for added living room appeal

• 🍽 Open, functional layout suited for entertaining

• 🏠 Multiple levels of flexible living space

• 🚗 Attached 2-car garage plus off-street parking

• 🔧 Updated/remodeled condition for reduced near-term maintenance

💡 Insider’s Insight

🏭 Weston Seeks Demolition Along Berea Road

Industrial momentum on Cleveland’s West Side continues as Weston Group pursues demolition approvals for two 121-year-old buildings at 10600 Berea Road in the Cudell neighborhood.

The two brick industrial structures total more than 183,000 square feet and sit on a 4.11-acre parcel. Combined with adjacent Weston-owned properties, the full assemblage reaches 7.3 acres a substantial footprint in a dense urban corridor.

Why This Site Matters

• One mile from the West 117th–I-90 interchange

• Located along a Norfolk Southern freight mainline

• Rail-accessible via industrial side track

• Positioned within one of Cleveland’s most active industrial corridors

The demolition would prepare the site for future development, though no end-user has been publicly identified.

Neighborhood Industrial Context

Recent nearby activity includes:

• Expansion plans by National Foods Packaging

• Capital upgrades at a Berea & W 117th self-storage facility

• A 10,000-square-foot expansion by Camelot Bakery

Market Signal: West Side industrial inventory remains tight, and well-located rail-served sites are increasingly strategic.

🏛 Former Masonic Temple Hits the Market

The former Cleveland Masonic Temple at 3615 Euclid Avenue is now for sale after its performing arts operator shuttered operations.

Originally built between 1918–1921 in Romanesque Revival style by Hubbell & Benes, the 220,000-square-foot complex is listed without a public asking price.

The property was acquired in 2017 for $725,000 by Beaty Capital Group (TempleLive), which later invested approximately $8.6 million in renovations. Larger redevelopment ambitions — including a proposed 19-story Dream Hotel — were canceled after the pandemic.

Property Highlights

• Main Theater: 2,500 capacity

• Asylum Room: 500 capacity

• Hall of Flags: 853 capacity

• Multiple banquet, lounge & event spaces

• 1.5-acre site near Playhouse Square and Cleveland State University

The building is listed on the National Register of Historic Places and designated a city landmark.

Market Signal: With entertainment economics shifting post-COVID, adaptive reuse or mixed-use redevelopment may represent the property’s next viable path.

🏡House of the Week – Skyline Model with Unobstructed Lake & City Views in Breakwater Bluffs

📍1248 W 58th St #22, Cleveland, OH 44102

• 💰 Price: $695,000

• 📏 Size: 2,934 sq ft

• 📅 Year Built: 2018 (10 Years Remaining on 15-Year Tax Abatement – Low Taxes Through 2035)

• 🛏 2 Beds | 🛁 2 Full Baths + 1 Half Bath

• 🚗 Heated Attached 2-Car Garage with Electric Car Charger

• 🏡 Four-Level End-Unit Townhouse | Breakwater Bluffs

• 🏫 School District: Cleveland Metropolitan School District

🧘 Vibes: Built by Knez Homes, this rare “Skyline” model in Breakwater Bluffs delivers direct Lake Erie and Downtown Cleveland views that will remain permanently unobstructed thanks to the Metroparks Connector across the street. It’s lakeside tranquility meets urban energy — just minutes from Edgewater Beach, Gordon Square, and Downtown.

The main living level offers a bright open-concept layout designed for entertaining, anchored by a chef-inspired kitchen featuring quartz countertops, premium KitchenAid appliances, 42” cabinetry, and Acacia wood floors that flow seamlessly into the living and dining spaces.

The lower level opens to a wide, versatile bonus room — ideal for a home office, gym, or additional lounge area. The heated attached two-car garage includes custom storage and an EV charger for modern convenience.

👉 Listed by: Dorit Sade | Berkshire Hathaway HomeServices Professional Realty

📞 202-550-7590 | ✉️ [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

A high-level look at the projects, sales, and momentum shaping Northeast Ohio right now.

🌊 Lakefront & Downtown Momentum Builds

Cleveland’s lakefront and Downtown corridors continue gaining traction with multiple high-profile approvals and investments this week.

The 209-unit Union at Cleveland Harbor project was unanimously approved by the City Planning Commission, bringing new lakefront density to the Goodrich–Kirtland Park area. Developed by The Annex Group and designed by RDL Architects, the project reinforces sustained confidence in waterfront multifamily demand.

Downtown, Bedrock secured final design approval for Cosm Cleveland — a shared-reality sports and entertainment venue featuring a nearly 100-foot LED dome. The project anchors the first phase of the Rock Block development near East 4th Street and adds experiential entertainment to the Gateway District mix.

Meanwhile, Northeast Ohio Medical University (NEOMED) will invest $1.58 million to open an 8,000-square-foot Cleveland location, signaling continued healthcare and institutional expansion into the urban core.

Market Signal: Lakefront residential, immersive entertainment, and institutional healthcare investment are all moving forward simultaneously — a diversified growth pattern rather than reliance on a single asset class.uare Historic Conversion

🏠 Just Sold Spotlight | Tremont Townhome with Strong Urban Rental Profile

• 📍 2252 W 5th St, Cleveland, OH 44113

• 💰 $580,000 | 🛏 4 Bed | 🛁 2.5 Bath | Built 2006

With an estimated rent near $4,070/month, the four-bedroom layout supports strong rental positioning in a walkable submarket near Downtown. Updated systems, multi-level living, and an attached two-car garage reduce near-term capital risk compared to older housing stock nearby.

Investor Takeaway: Low-maintenance urban product with parking continues to outperform in supply-constrained west-side neighborhoods.

💡 Insider’s Insight

Cleveland’s development pattern right now is layered and strategic.

Lakefront multifamily is advancing. Experiential retail and entertainment are filling Downtown gaps. Industrial land plays continue quietly assembling scale. Historic properties are re-entering the market for adaptive reuse.

The theme isn’t explosive growth — it’s targeted reinvestment.

Cleveland’s market isn’t chasing hype cycles. It’s building durable fundamentals across multiple sectors at once.

🏡 House of the Week | Skyline Model with Unobstructed Lake & City Views

• 📍 1248 W 58th St #22, Cleveland, OH 44102

• 💰 $695,000 | 📏 2,934 sq. ft. | 🛏 2 Bed | 🛁 2.5 Bath | Built 2018

Located in Breakwater Bluffs, this rare Skyline model by Knez Homes offers direct Lake Erie and Downtown Cleveland views protected by the Metroparks Connector. With 10 years remaining on a 15-year tax abatement, the property combines luxury waterfront living with long-term tax advantages.

Four levels of living space, a rooftop deck with skyline views, energy-efficient upgrades, and a heated two-car garage with EV charger position the home as a premium lakefront townhome offering at approximately $237 per square foot.

Until next week,

Cleveland Real Estate Investors

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