Yesterday in Baltimore, Treasurer of the United States Chief Lynn Malerba awarded $5 billion worth of New Market Tax Credits (NMTC) nationwide, with $80 million of that to support real estate development projects Greater Cleveland. The projects are intended to be transformative by attracting private investment to create jobs in underserved communities.
Saturday, October 29, 2022
Friday, October 28, 2022
MetroHealth adding more clinics at CMSD schools
A mix of federal and state funds along with a partnership of MetroHealth System and the Cleveland Metropolitan School District (CMSD) have come together to spur construction of additional health clinics at four Cleveland school sites to increase basic health care services to young people. A wide variety of health care services will be available at these clinics, including treatment of illnesses, mental health, sports injuries and even dental care.
Wednesday, October 26, 2022
Cleveland’s first railroad is history
On an early fall day, Sept. 30, 1847, one of the most prominent men in the fast-growing state of Ohio rolled up his sleeves and joined others in starting the construction of Cleveland’s first-ever railroad. It was a ceremonial groundbreaking not unlike those of today where dignitaries flip dirt with golden shovels to commemorate the start of some new construction project. But, in this case, Cleveland’s first village president, its first attorney and the father of the Ohio & Erie Canal had to get his hands dirty pronto or his new railroad company would lose its charter from the state — again.
Tuesday, October 25, 2022
Affordable apartments planned at RTA station
An Indianapolis-based real estate developer is seeking to build affordable apartments just west of the Greater Cleveland Regional Transit Authority’s (GCRTA) West Boulevard-Cudell rapid transit station on land owned by the transit authority. Today, the GCRTA Board approved giving that developer, Flaherty & Collins LLC, an option to purchase the land for the development of 60 to 80 apartments. The option, priced at $5,000, gives the developer site control so it can nail down financing and city approvals over the next year. If the developer needs more time, RTA can extend the option for another year for another $5,000.
Tuesday, October 18, 2022
First look at Cleveland Clinic’s largest-ever building
In several days, the City Planning Commission’s Design Review Committee will get its first chance to offer its opinion on the design of what will be the Cleveland Clinic’s largest-ever building. The facility will be the new home of the Clinic’s Neurological Institute — a 1-million-square-foot structure that will tower over Carnegie Avenue, between East 89th and 90th streets. It is the current site of the eight-story P Building surgery center that is now being demolished.
Monday, October 17, 2022
Cleveland benefits from national migration shift
One of North America’s next big migrations may already be underway. And according to early data, it appears that Cleveland and other Great Lakes cities are among those benefitting from it. What’s driving this new migration? The basics — low cost, proximity to family, abundant fresh water and peace of mind from not worrying about your neighborhood catching on fire or washing out to sea.
Friday, October 14, 2022
Historic Vitrolite Building harnesses new future
Restoration of the historic Vitrolite Building, 2915 Detroit Ave., in Cleveland’s Ohio City neighborhood moved closer to reality yesterday when the city’s Landmarks Commission approved the project with a unanimous vote, along with a few conditions. The nearly century-old building with its unique terra cotta façade is on the National Register of Historic Places. But it has a new future with a new owner who will take it in a new direction.
Thursday, October 13, 2022
Lakefront park expansion advances
While there’s been lots of studies about how to improve Cleveland’s lakefront, one is actually moving forward into formal design and construction permitting — the last step before acquiring funding and construction for an expanded lakefront park just east of downtown. And although the detailed design and permitting work will continue through to the end of 2024, a big piece of funding for lakefront park expansion will be decided by voters next month.
Friday, October 7, 2022
Downtown Cleveland’s ‘office market needs help’
This week, global real estate brokerage Newmark released its third quarter office market report for Greater Cleveland and the news wasn’t good, especially for downtown Cleveland. While three of five submarkets in the metropolitan area saw declining occupancies of office spaces in July-September, none suffered a greater loss than the central business district. That district includes everything from Ohio City east through Downtown to Midtown.
Thursday, October 6, 2022
Will Sherwin-Williams’ HQ be a pretty bunker?
To sit or not to sit, that was the question that caused the biggest debate today among members of a design-review panel of Cleveland’s City Planning Commission prior to supporting landscaping and site amenity plans for Sherwin-Williams’ (SHW) new global headquarters. The question became a point of debate over concerns of whether adding benches to the outdoor areas of the downtown HQ would attract homeless people to sleep there as is already the case at locations throughout the adjacent Public Square.
Tuesday, October 4, 2022
City reveals MetroHealth’s West 25th plans
Conceptual plans made publicly available this week for the next phase of development near the MetroHealth medical center along West 25th Street show a slightly scaled-back design compared to previously released massings by the MetroHealth System and shared by NEOtrans last week. Specifically, a proposed new headquarters for the hospital’s police department will be built next to rather than on the first floor of a new 60-unit senior apartment building at the northwest corner of West 25th and Trowbridge Avenue in Cleveland’s Clark-Fulton neighborhood. A future apartment building at the southwest corner may be considered at a later date.