On the downtown of Cleveland
If you were to ask where you would like to travel in the United States or where you would consider investing in real estate, not many of you would offer me Cleveland Ohio, much less famous than New York, Los Angeles and Chicago, and less familiar to many Israelis like Florida and California. However, Cleveland has a lot to offer.
The city of Cleveland, located on the banks of Lake Erie and close to the Pennsylvania border, is considered to be one of the most successful examples of an industrial city reinventing itself. Due to its location near the river and the lake, Cleveland grew as a traditional industrial center and a significant crossroads, but with the decline of traditional industry, the city managed to cope with economic crises and to re-cultivate both the urban fabric and the economic infrastructure. There are almost 400,000 people living in the city, while the city’s metropolitan area is home to more than two million residents.
Downtown Cleveland – where it all started.
Cleveland down town is the oldest historic part of the city and the starting point of settlement in the Cleveland area.
Recovering from the financial crisis, the main development momentum in Down Town occurred between 2010 and 2014 with a massive investment of more than $ 5 billion in development of commercial real estate, residential and infrastructure. At this time, more than 16 million square meters of commercial and revenue-generating properties were built and renovated.
The Public Square is the place from which the city actually started, and the square is still in the same place that dates early 19th century – in the heart of downtown. The square serves as a public space for gathering, demonstrations and traditional celebrations such as Independence Day events. The Kew Tower, near the square, is the tallest building in Ohio. Down town includes the following quarters:
The Warehouse District – The name of the city’s urban renewal district in the early 1990s attests to the city’s commercial past when Cleveland served as a central maritime logistics junction. Today, the district houses the Municipal Sports Hall, home to the Cleveland Indians, Cleveland Cavaliers, the Cleveland Monsters and the Cleveland Gladiators. In addition, the Quarter contains fashionable residential buildings, commercial centers and office buildings.
The mosaic of downtown Cleveland
The Theater district, home to the Stage Arts Center, the second largest in the United States, serves as a cultural crossroads for the city and Ohio. He received his name from the theater district of five different theaters located near the center of the arts. The quarter underwent an external renewal in 2014, which included the renewal of external facades, streets and public spaces at an investment of $ 16 million.
Adjacent to the theater district is the Civic Center, which houses the city’s public buildings – the court center, a public library, the Cleveland municipality, and federal and federal court buildings. Three shopping centers and public parks are also located in the quarter.
The Nine Twelve District Financial Center is a prime location in downtown, with its many office buildings but also restaurants, recreation areas and many residential buildings.
One of the most famous points of interest in Ohio is the North Coast District – home to the Rock ‘n’ Roll Hall of Fame. The famous building attracts many visitors, located near the Science Center and Maritime Museum.
The city’s fascinating urban mix is complemented by the University Quarter and the University of Cleveland, as well as the Flats area, which has undergone the city’s most intensive urban renewal effort – on the ruins of the old buildings, hotels, residential buildings and offices were built.
The significant investment in the downtown area and long-term economic growth make Cleveland a city that combines a regional employment center with residential areas, public institutions and services and a variety of entertainment venues – all in a diverse and renewed urban environment that attracts not only the city’s residents, but also offer a real estate opportunity.