Metroparks, GCRTA to aid soccer stadium project

A pedestrian bridge over the rapid transit tracks and station, leading toward the
proposed new soccer stadium at right, could be aided by actions underway at
the Cleveland Metroparks and the Greater Cleveland Regional Transit
Authority (CSG). CLICK IMAGES TO ENLARGE THEM.

In two different ways, two Greater Cleveland public-sector organizations are stepping up to support the Cleveland Soccer Group’s (CSG) effort to build a $150 million, 12,500-seat soccer stadium just southeast of Downtown Cleveland. Tomorrow, the Cleveland Metroparks’ board will vote on whether to acquire land for the stadium while the Greater Cleveland Regional Transit Authority (GCRTA) is pursuing an amendment to its long-range plan to add a rapid transit station to serve the stadium area.

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New skyscraper planned for University Circle

East Stokes, a massive, 24-story apartment tower over ground-floor retail
and several levels of parking, is planned for the next phase of the Circle
Square development in Cleveland’s University Circle (SCB).
CLICK IMAGES TO ENLARGE THEM.

The development team for Circle Square, a district bringing more than one million square feet of mixed-use development to market in Cleveland’s booming University Circle, is about to introduce its latest addition to this booming district. And that addition, at the southeast corner of Chester Avenue and Stokes Boulevard, will challenge Circle Square’s The Artisan for the tallest building in Cleveland’s “second downtown.”

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Two apartment buildings in Hub 27’s first phase

Pivotal Housing Partners and St. Mary Development Co. plan a pair of five-story
apartment buildings near West 25th Street in Cleveland’s Clark-Fulton neighbor-
hood. This five-story building concept is from one of Pivotal’s other planned
locations, this one in Buffalo, NY, and is similar to a sketch included in its
application for Ohio housing tax credits. A conceptual rendering has yet to
be publicly released (Pivotal). CLICK IMAGES TO ENLARGE THEM.

A revised plan is moving forward to fill in more of the development gap along West 25th Street between Cleveland’s booming Ohio City neighborhood to the north and the growing La Villa Hispana community to the south. In between is where the latest development, Hub 27, is poised to rise and join other existing, underway and planned developments at the north end of the Clark-Fulton neighborhood.

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Burke Airport closure studies released by city

Burke Lakefront Airport’s proximity to Downtown Cleveland is hailed by some
and cursed by others. It’s a marketing tool to companies seeking to stay, expand
or relocate downtown. Or its 450 acres of underutilized space on a Great Lake
could be repurposed with a variety of other uses ranging from recreation to
residential (KJP). CLICK IMAGES TO ENLARGE THEM.

Two reports laying out the steps for potentially closing Burke Lakefront Airport in Downtown Cleveland were released today by Cleveland Mayor Justin Bibb’s Administration. While Bibb said the reports show there are more benefits to closing Burke than costs, he and other city officials caution that no decision has been made to close the airport, so no steps have been started in that direction yet.

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Slavic Village redevelopment plans progress

Details about the first phase of Village 55, represented by the three buildings at right
from a rooftop patio across Broadway Avenue in Cleveland’s Slavic Village, are
becoming clearer as it seeks financing. The project intends to rejuvenate the
intersection of Broadway and East 55th Street (HDG).
CLICK IMAGES TO ENLARGE THEM.

A Cleveland-New York development partnership is seeking financing for a significant remake of the heart of Cleveland’s Slavic Village at Broadway Avenue and East 55th Street. And an application for Low Income House Tax Credits (LIHTC) is bringing more clarity to the partnership’s redevelopment plans that were first revealed publicly by NEOtrans in May 2023.

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Clinic’s megaprojects construction are on time

Construction workers labor atop what will be the Cleveland Clinic’s largest-ever build-
ing — the new Neurological Institute rising on Carnegie Avenue. It is one of several
major building projects underway right now at the Clinic’s Main Campus near Uni-
versity Circle in Cleveland (KJP). CLICK IMAGES TO ENLARGE THEM.

Cleveland Clinic’s three major construction projects at its Main Campus near Cleveland’s University Circle are progressing on or close to schedule, according to a Clinic spokesperson. However, at this point, it appears that any follow-on projects at or near the Main Campus may not be happening for a while, according to two sources familiar with the Clinic’s capital planning.

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Port OKs $170M financing for major projects

The $128 million first phase of Valor Acres, on the site of a former Veterans Admini-
stration hospital in suburban Brecksville, won financing today from the Port of
Cleveland’s board of directors. Up to $93 million in bonds were provided to
help build nearly 437,000 of housing, retail and offices (DiGeronimo).
CLICK IMAGES TO ENLARGE THEM.

The Cleveland-Cuyahoga County Port Authority’s board of directors today approved $170 million in bond financing to fuel a series of high-impact projects, including a large redevelopment of land that contained a former Veterans Administration facility, a major manufacturing expansion, and refinancing bonds for a nonprofit school that will free up more resources for more renovations.

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