Cleveland-area affordable housing wins financing

The Walton Senior Apartments is proposed to be built on a vacant lot
on Clark Avenue with access from Walton Avenue, west of Fulton
Road. This project won conditional approval from the state for
the coveted 9 percent Low Income Housing Tax Credits (RDL).
CLICK IMAGES TO ENLARGE THEM.

While only one proposed affordable housing development in Cuyahoga County was awarded the coveted 9 percent Low Income Housing Tax Credits (LIHTC) from the state, four others in the county got conditional approval, putting them in a good position to get financing in the near future. All five developments, if built, would add 247 total units of affordable housing in the county.

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Lakewood church may be razed for senior apartments

The 106-year-old Lakewood Baptist Church on Detroit Avenue faces demolition
by a local developer which seeks to raze the church for a senior apartment build-
ing while retaining and expanding the day center that uses the school building
in back (Google). CLICK IMAGES TO ENLARGE THEM.

The days may be numbered for the historic Lakewood Baptist Church, 14321 Detroit Ave., just east of Downtown Lakewood. A Cleveland-based developer has at least an option to purchase the property and has notified two tenants of the church-school complex of its pending redevelopment into senior apartments.

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Urban Community School plans new athletic facility

Proposed on Urban Community School’s expanding campus in Cleveland, where
Ohio City meets the Detroit-Shoreway neighborhood, is a new 30,000-square-
foot athletic facility. It is being sought to address space constraints in the growing
programs of Near West Recreation and other campus partners (Kaczmar).
CLICK IMAGES TO ENLARGE THEM.

When you’re in expansion mode, it’s a pretty good indication that you’re doing something right. Urban Community School’s (UCS) latest manifestation of it doing something right could soon appear at its growing campus where Cleveland’s Ohio City meets the Detroit-Shoreway neighborhood.

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Old treasures find new home in Tremont

Tim Yanko, left, and Dwight Kaczmarek, owners of All Things For You vintage
shop, stand out front of their store’s new location on West 14th Street in South
Tremont. After a sizable investment in the neighborhood, the partners are
getting ready for their grand opening weekend June 1 (Dan Milner).
CLICK IMAGES TO ENLARGE THEM.

Nine months after extensive flooding forced the closure their award-winning vintage shop on Lorain Avenue in Ohio city, Tim Yanko and Dwight Kaczmarek shared their excitement in welcoming All Things For You back to the near-West Side community. The partners’ new store is opening June 1 in South Tremont.

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Biotech startup moving HQ to Cleveland

Durham, NC-based pharmaceutical start-up Lamassu Biotech announced today
that it is moving its headquarters to Cleveland in a partnership with the Cleve-
land Clinic (Cleveland Clinic). CLICK IMAGES TO ENLARGE THEM.

A partnership with the Cleveland Clinic has prompted a four-year-old biotech startup to relocate its headquarters to Cleveland from Durham, NC, one of the points of the Research Triangle. However, Lamassu Pharma, LLC, has yet to identify the location of its offices. The small firm hopefully will one day grow into a force for positive change in the pharmaceutical industry.

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Cleveland soccer stadium backers seek $90M in public funds

View of the proposed 12,500-seat soccer stadium from a video presentation about
the project. This view is looking northwest toward Downtown Cleveland from the
south side of the Inner Belt highway (CSG). CLICK IMAGES TO ENLARGE THEM.

Backers of a long-proposed soccer stadium in Downtown Cleveland have issued renderings, a video and a request for $90 million in public-sector financing to help support a $150 million, 12,500-seat stadium. The request is being publicized now because backers of the project are submitting a bid for a National Women’s Soccer League (NWSL) team next month and a stadium is an essential ingredient of the application.

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Browns acquire, razing last house for big Berea project

A tree-studded neighborhood stood only months ago along Front Street at the north end
of Berea. It has been virtually cleared of all homes as well as a church for a large
mixed-use development led by the Cleveland Browns and its owner, the Haslam
Sports Group. The last few homes and the former Serpentini Collision Center,
at right, have been acquired by affiliates of the Cleveland Brown and ap-
proved for demolition (KJP). CLICK IMAGES TO ENLARGE THEM.

Today, the Berea Planning Commission is expected to approve the demolition of a house that’s the final structure to be cleared for a $221 million mixed-use development planned by the Cleveland Browns and majority owner the Haslam Sports Group. That last house sold for a premium compared to the 43 other single-family homes plus other properties parcels that were acquired for the 38-acre development site.

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