Champagne was flowing in the lobby of 45 Erieview as Ohio Department of Development officials announced the winner of one of the state’s largest historic tax credits — a 38-year-old office building to be converted mostly into high-end housing. The $5 million tax credit may round out the $102 million project’s financing, allowing its sale and redevelopment to move forward.
Tuesday, December 14, 2021
Friday, December 10, 2021
City Club Apartments breaks ground for its first Cleveland project
A large property near you may be ripe for a jail
It’s definitely an unusual move. Typically, when a government agency needs a property for a new facility, it does an alternatives analysis of all the properties that meet its criteria. It then ranks them according to that criteria and then pursues acquisition of their preferred property or properties. If that doesn’t work out, the agency pursues its second favorite site. And so on.
Not Cuyahoga County. Instead of approaching owners of big, development-ready sites for its sprawling integrated Cuyahoga County Corrections Center (CCCC), the county wants you to come to them.
Wednesday, December 8, 2021
Little Italy’s largest townhouse project in a decade
So far in the 21st century, Little Italy has seen a large townhouse development get built roughly every decade. With past townhouse developments happening in 2001 and again in 2010, Little Italy is overdue for another. One of Northeast Ohio’s largest homebuilders is getting ready to fill that void.
Tuesday, December 7, 2021
Latest project may extend West 25th’s density
A frantic pace of development continues in and near Cleveland’s Duck Island enclave, where Tremont meets Ohio City, especially along West 25th Street south of the Market District. The latest entry is Independence-based Realife Real Estate Group’s The Pearl, a seven-story apartment building over parking and a retail space.
Monday, December 6, 2021
Cleveland Flats peninsula finally coming back to life
Friday was a big day for Scranton Peninsula in Cleveland’s Flats. A new brewpub opened in a repurposed industrial structure next to the Cuyahoga River. City Planning Commission gave conditional approval to plans for a new neighborhood that would add more than 300 housing units to the city’s riverfront. And the commission approved new zoning for a large area of the Flats to support additional development.
Friday, December 3, 2021
Hough tower to be redeveloped, expanded in $34M project
A major project to redevelop a vacant and blighted 10-story building, as well as to construct a large community center on Hough Avenue on Cleveland’s East Side was revealed by a city official at today’s City Planning Commission meeting. The development is one of many planned or underway in the Hough neighborhood which had long been a poster-child for urban decay in Cleveland.