Trending development, economic & real estate news
Greater Cleveland gets 2 TMUDs
Although Project Scarlet is in Downtown Cleveland and Valor Acres is in suburban Cleveland, the two developments have something in common. They both won $7 million in Transformational Mixed-Use Development (TMUD) tax credits from the State of Ohio today.
GCRTA levy to appear on ballot
A half-percent sales tax increase to fund a modest expansion of the Greater Cleveland Regional Transit Authority (GCRTA) and prevent more service cuts starting next year is going on the ballot in Cuyahoga County. The only question is when. And that will be decided by the GCRTA board…
Housing maker finds home in Midline
The first manufacturer to locate in Cleveland’s new Midline Priority Investment Area on the city’s near-East Side was named today. It followed last week’s award of historic tax credits for the revival of the historic Wellman-Seaver-Morgan Engineering plant, 7000 Central Ave. where Cleveland’s Fairfax and Central neighborhoods meet.
Euclid, Solon to land new biz, 115 jobs
Two companies plan to hire 115 employees, generating nearly $7 million in new payroll while investing nearly $700,000 in renovating facilities for their businesses in two Greater Cleveland communities.
Cleveland landmark to fall
A large, familiar landmark that has stood along Ridge Road at the south end of Cleveland’s Stockyards neighborhood since 1919 won’t be standing much longer.
Shaker Hts, Brook Park win TOD grants
Two of Cleveland’s first-ring suburbs served by rail transit won federal grants this week. The awards will help them develop construction-ready plans in partnership with real estate firms for transit-oriented developments at several sites next to their rail services.
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