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Seeds & Sprouts XIII – Early intel on real estate projects

This is the Thirteenth edition of Seeds & Sprouts – Early intelligence on Cleveland-area real estate projects. Because these projects are very early in their process of development or just a long-range plan, a lot can and probably will change their final shape, use and outcome. Two office buildings seen in this view, North Point

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University Circle’s tallest may see groundbreaking by Spring 2021

Plans for what would be the tallest building in Cleveland’s University Circle received final approval today from the City Planning Commission. The swift and unanimous approval of The Artisan, 10600 Chester Ave. in the new Circle Square district allows the development consortium led by Midwest Development Partners to apply for a building permit from the city.

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30 Cleveland-area megaprojects that may benefit from a TMUD tax credit

After this Thanksgiving holiday week, state lawmakers say there’s a pretty good chance that the Ohio General Assembly will finally pass the long-sought Transformational Mixed Use Development (TMUD) tax credit. And there’s potentially dozens of so-called megaprojects that the TMUD credit could activate or take already active projects and push them across the finish line.

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Ohio ‘megaproject’ tax credit regains life at 11th hour

UPDATE: E&WD Committee passed Sub. SB 39 on Nov. 18

That rhythmic sound you’re hearing again is a pulse after eight months of silence. It is coming from Substitute Senate Bill 39, also known as the Transformational Mixed Use Development (TMUD) tax credit, which could be passed by the Ohio General Assembly by the end of the year.

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