Development News – Page 75

New buyer(s) emerge for two Cleveland-area Ford plants

Ken Prendergast / May 24, 2020

After one failed bid to acquire Ford’s Brook Park and Walton Hills plants, there is good news pointing to the eventual, productive re-use of both mammoth factories.

Ford Motor Co. last week entered the Ohio Environmental Protection Agency’s (EPA) Voluntary Action Program (VAP) for its Brook Park Engine Plant No. 2 that closed nearly 20 years ago, according to a source who was not authorized to speak publicly about the development.

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Warner & Swasey redevelopment is a Midtown catalyst

Ken Prendergast / May 22, 2020

When Pennrose LLC won a $1 million tax credit allocation this week from the Ohio Housing Finance Agency for the redevelopment of the Warner & Swasey factory, it not only boosted the project’s development prospects, it also boosted Midtown’s.

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Developers, investors making big plays on Flats’ West Bank

Ken Prendergast / May 13, 2020

Despite the economic slowdown, several prominent local and national developers and investors are making big real estate plays on the Flats’ West Bank, across the Cuyahoga River from downtown Cleveland. The end result could be a mix of buildings with mostly residential offerings and at least two of the developments possibly rising to 20 stories or higher.

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Sherwin-Williams HQ may be city’s fourth-tallest tower

Ken Prendergast / May 9, 2020

Sherwin-Williams’ (SHW) proposed headquarters tower on Cleveland’s Public Square may be a little taller than previously reported. In fact, it could end up being the city’s fourth-tallest skyscraper. It’s still unlikely to be a supertall approaching 1,000 feet or even Terminal Tower’s height, however.

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Chester75 concept OK’d by city design-review

1 Comment / Ken Prendergast / May 5, 2020

UPDATED MAY 14, 2020 WITH NEW RENDERINGS

Conceptual designs for a new 57-unit, market-rate apartment development in the Hough neighborhood were approved by the City of Cleveland’s Euclid Corridor Design Review Committee. It was the first design-review meeting held since the start of the coronavirus crisis two months ago.

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Sherwin-Williams HQ can get state aid by reviving the past

Ken Prendergast / April 27, 2020

Some of Cleveland’s most ornate architecture succumbed to the almighty car in a large plot of land called the Superblock. The Superblock is located in downtown’s Warehouse District which, aside from the narrow river- and lakeside dock areas, was Cleveland’s first central business district starting in the early-1800s.

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Cleveland city meetings to resume, construction industry cheers

Ken Prendergast / April 25, 2020

After a 40 to 90-day hiatus forced by the COVID-19 crisis, Cleveland’s City Council and City Planning Commission meetings are due to restart. The first meetings are likely to be held in May.

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How nuCLEus and Herold got their lives back

Ken Prendergast / April 24, 2020

As a follow-up to last week’s article in which NEOtrans broke the story about the new nuCLEus and Herold Building plans, there is an interesting back-story behind the new approach. It all centers on addressing the difficulty of constructing new office buildings in Cleveland.

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Lakewood weighs Plan B for hospital redevelopment

Ken Prendergast / April 20, 2020

Starting today, the City of Lakewood will begin the process of salvaging the redevelopment of the city-owned Lakewood Hospital site.

That redevelopment was left in limbo when Mayor Meghan George last week announced that the city and its first-choice developer had reached an irreconcilable impasse over the site clean-up costs. Carnegie Management and Development Corp. had terminated its agreement with the city.

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Carnegie exits One Lakewood Place, new developer sought

1 Comment / Ken Prendergast / April 16, 2020

Lakewood Mayor Meghan George will reportedly announce tomorrow that Carnegie Management and Development Corp. is withdrawing as the city’s chosen developer of the $72 million One Lakewood Place project, according to two sources.

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