Among the objectives in redeveloping Downtown Cleveland’s lakefront is to fill the physical and economic void to be left by Huntington Bank Field and their main attraction, the Cleveland Browns. That was one of the insights shared by the chief of the North Coast Waterfront Development Corp. (NCWDC) at yesterday’s Planning Commission meeting.
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Warner & Swasey co-developers Pennrose and MidTown Cleveland today announced the closing of the last gap in the financing for the $64 million redevelopment of the historic factory, located at 5701 Carnegie Ave. in Cleveland’s MidTown neighborhood.
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A potentially massive mixed-use development at the north end of Cleveland’s vibrant Tremont neighborhood, next to the Towpath Trail and overlooking the Cuyahoga River, may be on hold for a while. Instead, if there is a hillside development here, it could be mostly commercial — at least for the foreseeable future.
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Roughly $10.3 million in federal historic tax credits were awarded to a proposed $61.6 million redevelopment of an abandoned 19th-century riverfront flour mill in Cleveland’s Flats into a hotel and supportive uses. And up to $5 million in state historic tax credits may be added by the end of the year.
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With a 13-2 vote tonight, Cleveland City Council authorized a proposed settlement agreement between Mayor Justin Bibb’s administration and the Haslam Sports Group (HSG), owners of the Cleveland Browns football team. The deal involved some last-minute negotiations as it wasn’t even on council’s agenda earlier today.
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In 2021, Detroit-based developer Bedrock announced its plans to develop a long-neglected portion of the Cuyahoga riverfront with 35 acres of mixed-use development and green space. Phase 1A of the development involves the construction of a practice facility for the Cleveland Cavaliers in partnership with the Cleveland Clinic—here’s a current look at the progress so far.
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This snowy edition of Progress Pics highlights the multiple developments under construction around the eastern suburbs. In total, several hundred residential units are set to open next year in Cleveland Heights, University Heights, Shaker Heights and Richmond Heights alone.
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Despite the snowy Thanksgiving holiday, Cleveland’s status as a climate refuge got a warm review thanks to new data from the National Oceanic and Atmospheric Administration (NOAA). In the last decade, only three U.S. cities’ climates warmed faster than Cleveland’s, according to the new data.
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One deadline has passed. Another is about to. And a third is coming up. But by the end of the year, Cleveland Mayor Justin Bibb’s administration hopes to have a much more coherent vision of Downtown Cleveland lakefront development whose private-sector investment could exceed $1 billion — with a capital B.
Read MoreHaslam-Cleveland lakefront deal delayed Read More »
Like any new large new development with multiple sources of public and private financing, Depot on Detroit is taking a long time to get rolling. But at long last, there is a light at the end of the tunnel and it isn’t a train.
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