Another groundbreaking, in Case you want more

Case Western Reserve University’s new Interdisciplinary Science and
Engineering Building will not turn its back on Martin Luther King Jr. Boule-
vard as have other Case Quad buildings, including Yost Hall that was demo-
lished for this new structure (HGA). CLICK IMAGES TO ENLARGE THEM.

A second major groundbreaking ceremony is happening later this month in Cleveland, following that of the Cleveland Clinic Global Peak Performance Center. But this one could be a little confusing to those familiar with Case Western Reserve University’s (CWRU) $300 million Interdisciplinary Science and Engineering Building (ISEB). They may wonder if this project hasn’t already been underway for some time — because it has.

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Downtown Cavs/Clinic facility groundbreaking set

The planned Cleveland Clinic Peak Performance Center is a development project
along the Cuyahoga River in Downtown Cleveland. It is being pursued by Rock
Ventures and its real estate arm Bedrock. Although construction is set to start
in mid-October, site preparation has actually been underway for nearly
a year (Populous). CLICK IMAGES TO ENLARGE THEM.

Final approval is expected tomorrow by the City Planning Commission of designs for the proposed Cleveland Clinic Global Peak Performance Center featuring the Cleveland Cavaliers’ new practice facility and the Clinic’s sports health/wellness programs. But how do we know approval is expected? Because the groundbreaking ceremony for the new center has been set for the week after next.

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Downtown employers reconsider suburban moves

Gray Media at Reserve Square, left, and AmTrust at 800 Superior both appear to be
reversing directions regarding the decisions on where to locate their downtown
Cleveland offices (Google). CLICK IMAGES TO ENLARGE THEM.

Two large Downtown Cleveland employers may be reversing course regarding their future office locations. One was bound and determined to leave for the suburbs but now its plans are up in the air. And despite the grist coming from the real estate rumor mill, the other employer says it’s not going anywhere — yet.

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Cleveland launches affordable housing fund

Creating more housing investment will help address a shortage of quality housing
in Cleveland, where lenders are often reluctant to invest due to neighborhood
instability, discrimination and inequality. So Cleveland is partnering with
KeyBank and the Local Initiatives Support Corp. to change that (KJP).
CLICK IMAGES TO ENLARGE THEM.

Last evening, a new Cleveland Housing Investment Fund (CHIF) was launched when Cleveland City Council passed legislation that requires the city to provide financing to the new fund. The city’s $18 million commitment leverages $20 million pledged by Cleveland-based KeyBank to boost the development of mixed-income rental housing and home ownership opportunities.

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