Sunday, December 15, 2024

A Browns stadium quid pro quo

An architect’s rendering of a mixed-use development surrounding a proposed,
enclosed, 67,000-seat stadium in suburban Brook Park. The $1.2 billion in
development would depend on the $2.4 billion stadium, which in turn would
depend on half of its funding being financed by public-sector sources (HKS).
CLICK IMAGES TO ENLARGE THEM.

Two years before Gloria Gaynor released her 1978 smash hit “I Will Survive” about recovering from a breakup, she released another song titled “Let’s Make a Deal” — referring to a marriage. In the coming days and weeks, we’re likely to hear more about a similar plot line albeit in reverse involving the proposed new stadium in suburban Brook Park.

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Friday, December 13, 2024

Ohio City housing emerging south of tracks

A private home was demolished earlier this year on Barber Avenue in Cleveland’s
Ohio City, just east of the BVQ Lofts seen in the distance that was delivered by
the same developer five years ago. Now the developer is turning his attention
to a new construction project on the vacant land on the north side of Barber,
west of West 25th Street and south of Train Avenue (Google).
CLICK IMAGES TO ENLARGE THEM.

An early indicator of an emerging real estate development is to see a request for unused public rights of way to be vacated. Another is a mass of properties being acquired by the same company in the same area. Yet another is to see decaying structures in that area be demolished. All three of those conditions are occurring on Barber Avenue at West 30th Street, at the south end of Cleveland’s Ohio City neighborhood.

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Thursday, December 12, 2024

Cleveland maritime sector is big business

A lake carrier ship makes it way up the Cuyahoga River from Lake Erie, past
Downtown Cleveland. A new report by the Ohio Department of Transporation
shows how important the maritime industry is to Greater Cleveland's
economy (Port of Cleveland). CLICK IMAGES TO ENLARGE THEM.

The Port of Cleveland and the maritime-dependent industrial sector are showing resiliency and growth as an economic force in Northeast Ohio, according to a new study commissioned by the Ohio Department of Transportation (ODOT). The latest analysis reveals the port and maritime sector generates more than 23,000 jobs and over $7 billion in economic impact, a notable increase of $2.3 billion since 2021.

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Bridgeworks gets green light from Landmarks

Design refinements were made to the south side of Bridgeworks, a proposed
Ohio City apartment building, with this version win approval today from the
Cleveland Landmarks Commission. The project site is at the northeast corner
of West 25th Street and the Detroit-Superior Bridge, just west of Downtown
Cleveland (GLSD). CLICK IMAGES TO ENLARGE THEM.

Typically, the third time’s a charm, but Bridgeworks needed more times than that to earn the approval of the Cleveland Landmarks Commission. Ultimately, the proposal passed unanimously today. The go-ahead allows developers to move forward with constructing all of the $84 million project, located at 2429 W. Superior St. in Cleveland’s Ohio City neighborhood.

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Haslam email preempts City, County at stadium debate

The question of whether the Cleveland Browns should play home games in suburban
Brook Park, at left, or in Downtown Cleveland, at right, has been put to Greater
Cleveland’s business power brokers (HKS, left; Vocon, right).
CLICK IMAGES TO ENLARGE THEM.

Yesterday morning, Cleveland Mayor Justin Bibb, Cuyahoga County Executive Chris Ronayne, Cuyahoga County Council President Pernel Jones Jr., Cleveland City Council President Blaine Griffin arrived at the monthly board meeting of the Greater Cleveland Partnership (GCP). There, they asked the 70-member board of the region’s corporate CEOs and presidents to side with them on where the Cleveland Browns should play their home games after 2028.

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Wednesday, December 11, 2024

NE Ohio projects get historic wins from tax credits

At 363 feet tall, Rhodes Tower at Cleveland State University is the fourth-tallest
educational-purposed building in the United States. The 53-year-old building
won $5 million in Ohio Historic Preservation Tax Credits as part of a $92
million project redevelop most of the tower with student housing (CSU).
CLICK IMAGES TO ENLARGE THEM.

There were 14 Cuyahoga County historic renovation projects that won a total of $16,267,141 in Ohio Historic Preservation Tax Credits today. Most of those projects would repurpose their 50-plus-year-old buildings for new uses so they can contribute to their communities for at least another 50 years. Some of the buildings are pretty well known.

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Tuesday, December 10, 2024

Haslams announce Brook Park stadium-area development partner, updated plans

This updated view from above Interstate 71 and looking westerly toward Cleveland
Hopkins International Airport in the background, shows the proposed multi-purpose
roofed stadium in suburban Brook Park and surrounding development. The stadium
is in approximately the same place as before, but the conceptual location, arrange-
ment and scale of mixed-use buildings is different in this view than in previous
 graphics which showed more structures to the south and west of the stadium.
Instead, these are arranged to the south and east closer to EngleRoad/Henry
Ford Boulevard (HKS). CLICK IMAGES TO ENLARGE THEM.

New details emerged today on the proposed $1.2 billion mixed-use district surrounding the Haslam Sports Group’s (HSG) proposed all-purpose, roofed stadium in the Cleveland suburb of Brook Park. HSG announced that Lincoln Property Company, a global real estate firm, will be the development partner for the Cleveland Browns’ 176-acre mixed-use entertainment district.

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