Development News – Page 25

City staffing shortage threatens some Cleveland projects

Ken Prendergast / February 17, 2023

At the start of 2024, the city of Cleveland’s new tax abatement policy will go into effect. While the policy will remain basically unchanged for much of the city, it will become less supportive of developments in neighborhoods where construction has been most active — University Circle, Ohio City, Tremont and parts of downtown. So, in those areas, developers are trying to expedite the delivery of projects before the 15-year property tax abatement on new developments declines from 100 percent to 85 percent. But there’s something standing in the way of that acceleration: a lack of city staff to get projects approved in time.

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East Cleveland on track for $100M project

Ken Prendergast / February 16, 2023

Cuyahoga County Council’s approval yesterday of a property sale to a New York City-based developer could lead the way toward a “significant” development in the heart of East Cleveland. The site, at Euclid and Superior avenues, is just one-half-mile from the eastern edge of University Circle and set between stations on the HealthLine bus and Red Line rail rapid transit routes.

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MLK Plaza bought by DC developer

Ken Prendergast / February 16, 2023

Continued redevelopment of Cleveland’s Hough neighborhood was put into play last week following the acquisition of 4.45 acres of property which has hosted the Martin Luther King Jr. Plaza, 9300 Wade Park Ave., since 1972. Purchasing the MLK Plaza on Feb. 6 for $2.75 million was an affiliate of Northern Real Estate Urban Ventures (NREUV), according to Cuyahoga County records.

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Clinic unveils Innovation District buildings

Ken Prendergast / February 14, 2023

Two years ago, Gov. Mike DeWine announced hundreds of millions of dollars to launch the Cleveland Innovation District — a program to advance health care, research and related activities in the Greater Cleveland area. This week, one of the largest and most visible outcomes of that initiative will be unveiled in the form of plans for the Cleveland Clinic Foundation’s next phase of its Global Center for Pathogen and Human Health Research at its Main Campus in Cleveland’s Fairfax neighborhood.

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Bedrock lays out riverfront plan, steps

Ken Prendergast / February 13, 2023

At the City Planning Commission’s design-review meeting starting 9 a.m. Friday, representatives of Detroit-based Bedrock are scheduled to present more of its vision for downtown Cleveland’s riverfront below Tower City Center. In addition to showing renderings of the buildings and public spaces, Bedrock’s architectural team led by Adjaye Associates will lay out a schedule and a menu of items needed for building the infrastructural foundations to support the ambitious riverfront plan.

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Downtown Lakewood back to drawing board

Ken Prendergast / February 11, 2023

After two years of seemingly endless meetings surrounding the redevelopment of Lakewood’s former hospital site, Roundstone Insurance has not only left the development project but decided to leave the inner-ring suburb entirely. Currently located in the former First Church of Christ Scientist, 15422 Detroit Ave., the headquarters of this fast-growing insurance firm with up to 240 employees and $17.5 million in annual payroll is due to leave Lakewood in April 2024, according to Mayor Meghan George’s administration.

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Lakewood site prepped for development

Ken Prendergast / February 3, 2023

Fences went up today at Lakewood’s East End around a former National Tire & Battery (NTB) store and its parking lot at the southwest corner of Detroit and Coutant avenues. In the coming days, the NTB store will come down while hydraulic lifts in the building’s vehicle repair shop will be removed and possibly some of the soil surrounding the lifts, too. Those are just some of the activities that will prepare the site for the next phase of the Studio West 117 development.

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Downtown’s next high-rise to turn residential

Ken Prendergast / February 2, 2023

Downtown Cleveland’s next office-to-residential conversion project appears to be in the works. But this one might not be a total changeover to a new use. Ohio Savings Plaza, with more than a half-million square feet divided among two buildings has something big going for it — it’s half-filled with office tenants. Or, half-empty if you’re a pessimist.

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Centennial-was-the-second-largest-building-in-the-world

Centennial project downtown wins $15m HUD loan

Ken Prendergast / January 29, 2023

The Centennial, one of downtown Cleveland’s most complicated, expensive and elusive redevelopment projects, got another sign that it is very much alive by winning a $15 million loan guarantee from the U.S. Department of Housing and Urban Development (HUD). The financial assistance will be provided through HUD’s Section 108 Loan Guarantee Program and will be used to help finance the nearly half-billion-dollar conversion of the former Huntington Building, 925 Euclid Ave., from mostly offices into primarily a residential property.

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Ohio City apartment project gets ‘The Vibe’

Ken Prendergast / January 26, 2023

Things are starting to come together for new construction on one of Ohio City’s largest development sites. A new developer is at the ready. A project architect was selected and a firm that typically provides construction general contracting has been added to guide the development’s design. The developer even has a name of the development and some basic, preliminary design concepts regarding scale. But what isn’t yet known for certain is the programming for the project and if it will include a ground-floor commercial use, like a restaurant.

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