Data-rich and deep analytical information about Greater Cleveland development news
Out of eight Northeast Ohio development projects that applied for Transformational Mixed Use Development (TMUD) tax credits from the state, only two of them received the awards, the Ohio Department of Development announced today. This was the third year of the four-year TMUD program with $100 million available in TMUD tax credits each year.
Read MoreNE Ohio wins two transformational tax credits Read More »
Cleveland-based NRP Group, one of the nation’s top-10 largest developers and managers of multifamily housing, has a new executive to guide the company’s strong finances through some challenging market headwinds. The change in leadership comes as a result of the retirement of the company’s longtime top financial manager.
Read MoreCleveland-based NRP Group names new CFO Read More »
While it’s tough to get financing for larger development projects anywhere these days, it is possible to add a meaningful number of housing units by dividing them up among smaller projects. That’s what Dalad Group of Independence and partner Property Advisors Group (PAG) of Beachwood are doing by pursuing more than 100 apartments on Cleveland’s near-West Side among a mix of new-construction and renovation projects.
Read MoreOhio City, Tremont developments advance Read More »
A company that acquired a large piece of prime Cleveland lakefront land in December is a bit of an enigma if for no other reason because of its youth. This company, IDA Power LLC, is getting its hands on some very problematic yet high-potential properties around the country. It is engaged in a lengthy process of cleaning up those sites and turning them into productive properties again. But the company’s young life may give some insight into what we might expect here.
Read MoreLakefront megasite – for housing or distribution hub? Read More »
Four days after receiving City Planning Commission approval for one transit-oriented development project, an Indianapolis-based developer will ask to buy land from the Greater Cleveland Regional Transit Authority (GCRTA) for its next proposed apartment building at a west-side train station. This time, Flaherty & Collins wants to build at GCRTA’s West Park station, 14510 Lorain Ave.
Read MoreWest Park GCRTA station housing planned Read More »
From Sherwin-Williams’ C-Suite executives to construction workers taking their lunch break, more rumblings continue to emerge about what may follow the completion of the global coatings giant’s new headquarters west of Downtown Cleveland’s Public Square. And as time goes on, the rumors about a follow-on headquarters project are getting more detailed.
Read MoreSherwin Williams: ‘didn’t build tall enough’ Read More »
Scheduled to appear before the City Planning Commission’s Design Review Committee this Friday is a proposed redevelopment of several Flats East Bank properties. It’s the latest effort by restauranteur Bobby George and his Cleveland-based firm Ethos Hospitality Group to remake these riverside buildings into a restaurant and entertainment complex. This time it would include a new building, a dockside “river garden” and rehabilitated historic structure.
Read MoreGeorge plans new Flats redevelopment Read More »
Carnegie Avenue in the 70s of Cleveland’s Midtown neighborhood was a mixed bag of speed, sin, steaks and seafood. And that applies to both the decade and the 10-block stretch of the East 70s along one of the busiest streets linking University Circle and Downtown. But today, the scene is changing quickly as the growth in jobs and residential development in those two hubs is spilling over to the place in between.
Read MoreCleveland’s Carnegie contains a comeback Read More »
High construction and financing costs along with a longer move-in timeline doomed an intriguing new Downtown Cleveland headquarters building for a growing tech firm relocating from Mayfield Heights. Those construction market headwinds along with the rise in remote working led to Park Place Technologies finding an existing office campus next to Interstate 271 in Highland Heights near its current offices that fit its needs like a glove.
Read MoreThe downtown tower that almost was Read More »
While it’s only 10 miles from the northern terminus of the Cuyahoga Valley Scenic Railroad (CVSR) in suburban Independence to Downtown Cleveland, it will take years to get there in the best of circumstances. But that first step in the long journey was taken today when a metropolitan transportation planning organization voted to hire a consultant to conduct a feasibility study of the potential route extension.
Read MoreCuyahoga Valley Scenic RR to downtown Cleveland to be studied Read More »
