Notable real estate investment firms merge

Legacy RHM Capital was created through the combination of two firms led by these five
men. From left, they are Jim Doyle, Ned Huffman, David St. Pierre, Mitchell Schneider
and John Joyce (Contributed Image). CLICK IMAGES TO ENLARGE THEM.

Legacy RHM Capital, a fully integrated real estate investment platform focused on acquiring, operating and enhancing institutional-quality multifamily properties, announced its formation through the strategic merger of Legacy Capital Partners and RHM Capital Group.

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Downtown garage is coming down

This two-level parking garage has been closed for more than a year due to its poor condition
and is part of a site that’s listed as available for sale or lease. The garage is too frail to support
an overhead vertical development like the Ten60 Bolivar Apartments, seen at far right, which
was built atop a decades-old garage (Google). CLICK IMAGES TO ENLARGE THEM.

A small, decaying parking garage on an available property near Progressive Field in Downtown Cleveland is likely to be demolished soon. The question is, what might replace it now and for the long term?

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Downtown property owners renew special improvement district

On a hazy day in early June, Downtown Cleveland was entering another summer of
special events, activities and programming, plus the usual living, learning, working
and nights out on the town, all of which are supported by Clean & Safe services
provided by Downtown Cleveland Inc. and funded by downtown property
owners (NEOtrans). CLICK IMAGES TO ENLARGE THEM.

Downtown Cleveland, Inc. today announced Cleveland City Council’s approval of the reauthorization of the Downtown Cleveland Improvement District, raising about $43.5 million in dedicated funding through 2032.

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Port of Cleveland names new CEO

Jeff Epstein, who has worked for decades in various economic
development roles in Greater Cleveland, was nominated to
what is arguably the top development position in the region
(Port of Cleveland). CLICK IMAGES TO ENLARGE THEM.

The Port of Cleveland announced today that it has nominated Jeff Epstein to serve as its next president and chief executive officer, pending formal board approval. Epstein brings more than two decades of experience at the intersection of economic development, public-private partnerships, and transformative urban investment.

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Gateway South soccer stadium ‘full steam ahead’

Looking from a soccer stadium in the Gateway South area, north toward Downtown
Cleveland. There could also be a soccer stadium where the Wolstein Center now
stands. But can Cleveland support two downtown soccer stadiums?
(CSG). CLICK IMAGES TO ENLARGE THEM.

A soccer stadium development company that responded to Cleveland State University’s (CSU) offer to repurpose its Wolstein Center site is doing so without coordinating with a non-profit group that has been seeking to develop a soccer stadium at the Gateway South area.

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Glenville’s ‘Circle North’ to expand north

Plans for GlenHAVEN in Cleveland’s Glenville neighborhood, are being refined through
the city’s design-review process. This proposed residential care facility would serve
seniors and others with chronic illnesses, disabilities or other health conditions
(Robert P. Madison International). CLICK IMAGES TO ENLARGE THEM.

Just north of University Circle, the faded intersection of East 105th Street and Superior Avenue has seen development push toward it in recent years. But the tide of revitalization has yet to reach it and help restore its lost vibrancy and density of decades past.

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Abeona Therapeutics to expand in Midtown

Abeona Therapeutics is undertaking a significant expansion at Midtown Tech Park in
Cleveland following government approval of a new therapy to treat a rare genetic
skin disorder. The company is also developing treatments for a variety of eye
diseases (Google). CLICK IMAGES TO ENLARGE THEM.

Following government approval of a new therapy to treat a rare genetic skin disorder, Abeona Therapeutics Inc. revealed through public records that it plans another expansion of its footprint next to its Midtown Cleveland headquarters.

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