Development near Edgewater Park revived

A two-phase, 72-unit development is planned on Lake Avenue near Cleveland’s Edge-
water Park. A larger project was planned here previously but proved too expensive to
construct. The city’s new form-based zoning may allow this project to proceed
(Horton Harper). CLICK IMAGES TO ENLARGE THEM.

Three years ago, a team led by Beachwood-based Property Advisors Group (PAG) planned to build a large residential development at 8400 Lake Ave., overlooking Edgewater Park in Cleveland’s Detroit-Shoreway neighborhood. But with construction costs and interest rates rising, the timing wasn’t right. While costs are still high, the city’s new form-based zoning code may make a scaled-down project achievable and in a timely manner.

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Fenn Tower leads historic tax credit winners

A $50.4 million renovation of Fenn Tower at the east edge of Downtown Cleveland by
Cleveland State University got a big boost today by the Ohio Department f Develop-
ment when it awarded a maximum $5 million historic tax credit to the project (Google).
CLICK IMAGES TO ENLARGE THEM.

Northeast Ohio did well in the latest round of Ohio Historic Preservation Tax Credit Program awards, garnering nearly half of all awards in terms of dollar amount and total number of projects aided today. By contrast, only one project in fast-growing Central Ohio was awarded historic tax credits by the Ohio Department of Development.

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Cleveland Clinic to nearly double Avon Hospital’s size

This simplified rendering, called a massing, shows only the scale and placement of pro-
posed structures at Avon Hospital. Their final design will change. This also doesn't
show a proposed parking garage or where it might be built. North is to the lower-left
corner of the image (Cleveland Clinic). CLICK IMAGES TO ENLARGE THEM.

To meet the growing demand for patient care on Cleveland’s west side, a growing Cleveland Clinic announced plans to significantly expand both Avon Hospital and Richard E. Jacobs Family Health Center. The $340 million project would nearly double the size of the campus, which is located just north of the Interstate 90-Nagel Road interchange in Avon.

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Ports of Cleveland, Shannon Foynes to link USA, EU

The routing of ships between Cleveland, Ohio, USA and Shannon Foynes, Ireland, EU
will be a direct route via the Great Lakes, St. Lawrence Seaway and North Atlantic
Ocean. That puts Cleveland closer to Ireland’s second-largest port than all of the
USA’s East Coast ports south of New York-New Jersey (Google).
CLICK IMAGES TO ENLARGE THEM.

Officials from the Port of Cleveland have signed a strategic agreement with those of Shannon Foynes Port Company (SFPC), Ireland’s second-largest port operator, to strengthen trade ties and unlock new business and economic opportunities between the Great Lakes region and Europe.

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Sinito walks away from running Millennia

Key Tower is owned by and is the headquarters of The Millennia Companies, one of the
largest affordable housing property owners and managers in the United States. It is re-
ducing its affordable housing portfolio, expanding into market-rate multifamily pro-
perties and, this month, went through significant leadership changes (NEOtrans).
CLICK IMAGES TO ENLARGE THEM.

Frank T. Sinito, founder of Millennia Companies, has stepped away from managing the day-to-day business of one of the nation’s largest owners and managers of affordable housing properties. In announcing this and other leadership changes, the company said it will be selling off parts of its affordable housing portfolio and expanding investments into market-rate housing.

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Downtown Cleveland won’t miss the Browns

Downtown Cleveland’s lakefront will be much more vibrant and publicly accessible
year-round without the massive Huntington Bank Field blocking its use to the public
on the public’s schedule. This unofficial rendering also assumes that Burke Lakefront
 Airport would be closed so that high-rise structures could be built on or near the
lakefront (Ardoonave). CLICK IMAGES TO ENLARGE THEM.

A downtown is a horrible place for a National Football League (NFL) stadium. It’s why half of the 32 NFL teams don’t play their home games at downtown-based venues. And when the Cleveland Browns leave downtown for suburban Brook Park, it will be Downtown Cleveland that gains the most their move, not Brook Park. The reasons for this are many.

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Ohio teams support DeWine’s stadium funding plan

Two existing sports and entertainment facilities plus one proposed venue are seen in
this view of the Gateway district from Terminal Tower. In the foreground is Rocket
Arena, followed by Progressive Field. To the right, just beyond the rapid transit tracks
and Inner Belt highway is the site of a professional soccer stadium (NEOtrans).
CLICK IMAGES TO ENLARGE THEM.

Fifteen of Ohio’s professional sports teams from among the major and minor leagues joined together in sending a letter to state leadership, expressing support for Gov. Mike DeWine’s proposed process to allocate funding for sports facility projects through House Bill 96 and the Ohio Unclaimed Funds proposal. But, noticeably absent were the two teams with the largest stadium funding requests.

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