Cleveland, NE Ohio projects win historic tax credits

K&D Group’s renovation of The Electric Building, 700 Prospect Ave. in Downtown
Cleveland, was among 43 winners statewide today in nailing down millions in
Ohio Historic Preservation Tax Credits. This building will be renovated
with apartments (LoopNet). CLICK IMAGES TO ENLARGE THEM.

From Downtown Cleveland to the suburbs to outlying cities in Northeast Ohio, nearly a dozen planned redevelopments of aging buildings were blessed with historic tax credits from the state. They were among 35 awards totaling more than $68 million to preserve dozens of historic buildings in 12 communities across Ohio.

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Cleveland Metroparks wins $19.5M for East Side trails

Adding more safe pedestrian and bike routes in Cleveland will result from the largest-
ever federal grant awarded to the Cleveland Metroparks. Construction will likely
begin in 2026 on these projects that will add 4 miles of all-purpose trails (KJP).
CLICK IMAGES TO ENLARGE THEM.

Cleveland Metroparks announced it has been awarded a $19.5 million federal grant, the largest ever to be received by organization to construct 4 miles of all-purpose trails on the city’s southeast side into Downtown Cleveland. Construction work on the trail segments is planned to begin in 2026.

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Downtown’s Rose Building to be hotel, apartments

The Rose Building was the headquarters of Medical Mutual insurance company since
the 1940s until it left for suburban Brooklyn. Like many other historic office build-
ings downtown, it will be renovated and repurposed for residential and hotel
uses (file photo). CLICK IMAGES TO ENLARGE THEM.

In a strategic collaboration that allows Cleveland’s urban gems to shine in a new light, Spark GHC and Cleveland Construction today announce a groundbreaking joint venture. Project Scarlet represents a significant commitment of $100+ million to transform a 400,000-square-foot office space, formerly Medical Mutual’s headquarters, into a dynamic mixed-use development.

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Cleveland-Akron-Canton train route a puzzle

Passenger rail development in the USA is picking up speed. One of the newest rail
services is Florida’s Brightline, linking Miami and Orlando by utilizing existing
rail and highway rights of way and attracting 4,600 riders per day. Here, a
Brightline train pulls up to a new station in Aventura, FL (Google).
CLICK IMAGES TO ENLARGE THEM.

Last week, a bipartisan group of Ohio Congresspersons wrote to Ohio Department of Transportation (ODOT) Director Jack Marchbanks asking his department to include an Akron-Canton-area station stop in its upcoming passenger rail development plans. Those plans for Northeast Ohio include potential new Amtrak services from Cleveland to Toledo and Detroit, as well as from Cleveland to Columbus, Dayton and Cincinnati (3C&D).

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Big developer moving HQ to Chester in Midtown

CHN Housing Partners will move its growing headquarters and more than 185
jobs into this building on Chester Avenue in Cleveland’s Midtown neighbor-
hood. The building, to be renovated, will allow the company to continue to
grow and give it more visibility on a busier street (Google).
CLICK IMAGES TO ENLARGE THEM.

For more than 20 years, or roughly half of its organizational life, CHN Housing Partners’ headquarters has been in the same location at Cleveland’s Asia Plaza. But with a growing staff and a desire for more growth to increase the supply of affordable housing, it’s taking steps to move to larger, more visible quarters at 3711 Chester Ave. in Cleveland’s Midtown neighborhood.

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Ownership stake in The Bell to be auctioned off

The former Ohio Bell headquarters, now The Bell mixed-use redevelopment, has
an ownership interest up for grabs at an auction scheduled with Maltz Auctions
on July 12 (KJP). CLICK IMAGES TO ENLARGE THEM.

With a certificate of occupancy in hand and leasing to start in two weeks, The Bell, 45 E. 9th St. in Downtown Cleveland, will be the subject of an online auction scheduled for next month. The auction is intended to make available a portion of the interest in a general partnership that owns the office-turned-residential building.

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Ferry Cap & Set Screw razed for new development

Demolition equipment sits atop large piles of debris left from the former Ferry
Cap & Set Screw Company on Scranton Road in Cleveland’s Tremont neigh-
borhood. WXZ Development leveled the building to create a 5-acre mixed-
use development site (KJP). CLICK IMAGES TO ENLARGE THEM.

Another big, old vacant factory in Cleveland has been knocked down. But this five-story factory, the former Ferry Cap & Set Screw Co., 2151 Scranton Rd. in Tremont, was recently the subject of a redevelopment plan. Its demolition by the owner/developer and the lack of a submitted plan for the site’s reuse is an intriguing turn of events.

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