Downtown Cleveland Alliance Update with Michael Deemer - 2-3-21


Michael Deemer from The Downtown Cleveland Alliance spoke to Bill...

Tell us a few things we should know about downtown this week:

  • We want Clevelanders to get outside and Roam the Winter Wonderland.
    • Downtown Cleveland Restaurant Week will take place February 19-28. See participating restaurants or sign up to participate here.
    • Downtown Cleveland’s retailers are committed to serving residents and workers. DCA has partnered with Destination Cleveland and Cleveland Neighborhood Progress to support local retailers and hospitality businesses,encouraging neighborhood discovery with the creation of welcoming and socially distanced pop-up outdoor environments. Learn more here.
  • The strongest indication of the strength of the Downtown Cleveland real estate market is the growing pipeline of investment activity.  
    • Artcraft Building: Crain’s Cleveland reported last week that K&D, in partnership with GBX, is doing due diligence on a plan to transform the artist lofts into market rate apartments.This project would add to the robust development in the Superior Arts District and join projects in the pipeline like theCity Club Apartments, theCentennial, and theFlats East Bankin adding to downtown’s diverse residential portfolio.

What about the impact on work and jobs? What are you seeing and hearing about the future of working downtown?

  • Place-based work is here to stay.
    • Cross Country Mortgage: The state approved a jobs creation tax credit for the company’s possible headquarters relocation to the Campus District. The move would bring750 jobs downtown over the next five years.
    • Rocket Mortgage:The company cites its commitment to Cleveland as they consider a700-job expansionin their offices in the Higbee Building. 
    • Our Business Development team is available to speak with businesses about safely returning workers to the office, relocating to Downtown Cleveland, parking and public transit, finding the perfect location, and accessing grants and loans.
  • Retailers and restaurateurs are investing in downtown’s future.
    • Two new restaurant concepts are slated to open in the spring, Goma on E. 4th St. and filter in the Warehouse District.

For more information on Downtown Cleveland, or if you are thinking about relocating or expanding your business into Downtown Cleveland, visit Downtowncleveland.com