Friday, August 12, 2022
New developer turns in big property plays
Tuesday, August 9, 2022
Shaker Square commercial district sold
Community developments groups Cleveland Neighborhood Progress and Burten Bell Carr Development have purchased the historic Shaker Square shopping center. The sale keeps the property under local, community-minded ownership and triggers a process by which deferred maintenance issues can be addressed and a strategy can be developed that will stabilize the center short-term and ensure it flourishes long-term.
Sunday, August 7, 2022
City seeks $15.7 million East 66th corridor boost
In 2012, backers of and participants in a study of improving the East 66th Street corridor in Cleveland’s Hough and MidTown neighborhoods probably couldn’t imagine how much development would be happening over the next decade along this long-neglected corridor. Many of those same stakeholders are now seeking a major investment in this north-south street to support its further development over the coming decade.
Friday, August 5, 2022
Campaign arrives to expand Cleveland Amtrak service
The Northeast Ohio Areawide Coordinating Agency (NOACA), Downtown Cleveland Alliance (DCA) and Cleveland Neighborhood Progress (CNP) are advocating to expand Cleveland’s Amtrak service into a central passenger rail line. As the economic powerhouse of Northeast Ohio, Downtown Cleveland is home to the state’s largest jobs hub and residential downtown area, making it central to business, housing and events, and a critical access route within the region and beyond. The organizations are joining forces to seek community input and support for the initiative through a survey, running through the month of August.
Thursday, August 4, 2022
PearlBrook shopping center to be razed
An historic retail strip where Cleveland meets Parma, but was often better known for its cinematic and musical neighbors, is due to be demolished. In place of the PearlBrook shopping center will be a Sheetz gas station and convenience store, plus some identified future development just north of it. The center, located at its namesake Pearl and Brookpark roads, has been the space between two places ever since it was built.
Sunday, July 31, 2022
CentroVilla25 may start construction this fall
It has been years in the making, but things are finally starting to come together with CentroVilla25. Building permits were filed with the city last week for the start of construction that will turn a vacant warehouse at 3140 W. 25th St. into a center of Hispanic culture, shopping and entrepreneurship for Cleveland’s La Villa Hispana (Clark-Fulton) neighborhood. That follows City Planning Commission’s Design Review Committee giving the project schematic approval earlier this month — with two conditions.
Thursday, July 28, 2022
Ohio megaproject applications released
When real estate developer Bob Stark thought up the Ohio Transformational Mixed Use Development (TMUD) tax credit several years ago, he envisioned it as a means to transition from tapping historic tax credits for renovating old buildings in downtown Cleveland to affording the construction of new ones. His rationale was that, with the supply of obsolete commercial buildings dwindling to provide new residential inventory, a new financial incentive would be needed to overcome Cleveland’s high construction costs and low rents to satisfy downtown housing demand.