A brief summary of the most relevant and major residential real estate news in Greater Cleveland
A Cleveland-New York development partnership is seeking financing for a significant remake of the heart of Cleveland’s Slavic Village at Broadway Avenue and East 55th Street. And an application for Low Income House Tax Credits (LIHTC) is bringing more clarity to the partnership’s redevelopment plans that were first revealed publicly by NEOtrans in May 2023.
Read MoreSlavic Village redevelopment plans progress Read More »
Cleveland Clinic’s three major construction projects at its Main Campus near Cleveland’s University Circle are progressing on or close to schedule, according to a Clinic spokesperson. However, at this point, it appears that any follow-on projects at or near the Main Campus may not be happening for a while, according to two sources familiar with the Clinic’s capital planning.
Read MoreClinic’s megaprojects construction are on time Read More »
The Cleveland-Cuyahoga County Port Authority’s board of directors today approved $170 million in bond financing to fuel a series of high-impact projects, including a large redevelopment of land that contained a former Veterans Administration facility, a major manufacturing expansion, and refinancing bonds for a nonprofit school that will free up more resources for more renovations.
Read MorePort OKs $170M financing for major projects Read More »
A planned affordable senior housing development at 3517 Walton Ave. in Cleveland’s Clark-Fulton neighborhood won universal praise Friday from the City Planning Commission. In fact, the commission considered it a potential game-changer for the neighborhood and especially Clark Avenue which, in this growing La Villa Hispana community, is lined with car-centric land use patterns, making it pedestrian-unfriendly.
Read MoreWalton Apts seeks to restore Clark’s walkability Read More »
A unique townhouse development, one of the first that would be built directly facing the Towpath Trail, was on a fast path toward design approval and a zoning change. But City Planning Commission members decided that that path was a little too fast for it and urged that the developer and its architect go back and get more input from the neighborhood first.
Read MoreTremont townhouses on Towpath put on slow path Read More »
While Northern Real Estate Urban Ventures, LLC (NREUV) is getting ready to break ground this week on its first Cleveland development, it’s already putting together the pieces for its next project here. The redevelopment of MLK Plaza, 9300 Wade Park Ave., in Cleveland’s Hough neighborhood would replace an aging, mixed-use complex with modern, low-income housing over ground-floor programming and common areas.
Read MoreHough MLK Plaza redevelopment advances Read More »
Cleveland city officials followed through on a promise they made in early July when they announced they would be making the city-owned McCafferty Health Center property, 4242 Lorain Ave., available for redevelopment. Today, they issued a formal invitation to professional real estate development teams to respond to a Request for Qualifications (RFQ) to redevelop the site and address the need for affordable housing in the Ohio City neighborhood.
Read MoreCleveland offers up prime Ohio City property Read More »
According to a public record located by NEOtrans, a groundbreaking ceremony is scheduled from 10 a.m. to 12 noon Sept. 5 for the redevelopment of a vacant 10-story apartment building at 9410 Hough Ave. in Cleveland’s resurgent Hough neighborhood. Kristi Halford, a spokesperson for the project’s development partners, confirmed the scheduled event in an e-mail to NEOtrans.
Read MoreHough groundbreaking set for Sept. 5 Read More »
Renovation work for The Arch at St. Michael is a day old. The funding program to pay for the renovations is 50 years old. And the Gothic Revival beauty located in Cleveland’s South Tremont neighborhood that will gain new life from the work is 118 years old. Combined, the milestones involved a lot of celebrating.
Read MoreThe Arch at St. Michael gets underway Read More »
On most other plots of land, adding 17 homes to it would be noticeable from the street. But if a proposed expansion of the Market District Lofts in Cleveland’s Ohio City neighborhood happens, it might be the most below-the-radar residential development in the urban core since The Residences at The Guardian condominiums opened downtown. And the same developer is involved in both.
Read MoreMarket District Lofts in Ohio City to expand Read More »
