Construction News

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Woodhill Homes gets funding boost

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To cover rising construction costs resulting from inflation and other pandemic-related disruptions, the U.S. Department of Housing and Urban Development (HUD) has awarded $10 million to the Cuyahoga Metropolitan Housing Authority (CMHA) and the City of Cleveland for the Woodhill Homes Transformation Plan. The funding is from a Choice Neighborhoods Supplemental Funding Grant to further support the development of replacement housing in Cleveland’s Buckeye-Woodhill neighborhood. HUD awarded similar funds to 15 other current Choice Neighborhoods Implementation Grantees to address their pandemic-related disruptions as well.

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Bridgeworks wins financing, start date

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For more than two years, a planned high-rise at the west end of the Detroit-Superior Bridge in Cleveland’s Ohio City neighborhood has sought public funding to fill a financing gap. After missing out twice on tax credits from a statewide program, the developers looked closer to home and found the resources to start and finish construction. This week, the developers united under Bridgeworks LLC were awarded the final pieces of the fiscal puzzle to the $108 million project, allowing them to start work in June, they said.

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Treo opening doors on West 25th

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Treo, named for where Tremont meets Ohio City, is the first of the big, market-rate apartment buildings to come to this no-man’s land part of town. Built on the site of a former auto repair and scrap yard business along a lesser-traveled section of West 25th Street, Treo’s first resident moved into the 171-unit property last week as construction work is substantially completed.

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Blue Abyss may build $250m research center here

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A British company, Blue Abyss Diving Ltd., is pursuing the development of a new research center devoted to deep sea and space research in the Cleveland suburb of Brook Park on land next to NASA Glenn Research Center. The project, with a total estimated price tag of $250 million, could be one of the most significant business investments resulting from the presence of the NASA facility. It could also be nearly identical to a major research center Blue Abyss is building in the United Kingdom county of Cornwall.

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Seeds & Sprouts XXVIII – Big retailer to Steelyard, AJ Rocco’s progresses, Hemingway bets on offices, Leather shop reno, Bakery to Euclid Ave

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A big retailer is opening at Steelyard Commons, renovations work for AJ Rocco’s new restaurant are about to progress, Hemingway Development bets on Midtown offices, and the inside of a West Side leather shop is about to be renovated.

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Cleveland Hts Cedar Lee Meadowbrook ‘A done deal’

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The City of Cleveland Heights and its development partner, Flaherty & Collins Properties, announced the real estate and financial “closing” for the Cedar Lee Meadowbrook project, clearing the way for construction to commence in the coming weeks. It’s the second major project for the Indianapolis-based developer in the eastern inner-ring suburb of Cleveland.

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Half of Bulkley Building to be residential

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A significant building in downtown Cleveland’s theater district is proposed to undergo a transformation that would convert nearly half of the structure to residential and add a high-profile office tenant. The Bulkley Building, or simply The Bulkley, 1501 Euclid Ave., is not only owned by the Playhouse Square Foundation but is also the site of the foundation’s offices.

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Downtown Lakewood work starts for new bank

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Persons visiting or passing through downtown Lakewood have likely noticed the demolition of a small bank branch-turned-bagel restaurant and wondered what is going to replace it. The answer is that another bank branch will return to that site but with a more pedestrian-friendly approach to the building’s design this time around. And while the new structure will be bigger than its predecessor, the amount of floor space in the building isn’t as much as the new structure makes it appear.

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