NE Ohio real estate news by location
Cleveland City Council President Blaine Griffin confirmed this week that the city will invoke the state’s Modell Law to stop the Cleveland Browns from leaving the city for a new stadium site in suburban Brook Park. He also said the city and county are in a joint effort to keep the team playing its home games downtown with Cuyahoga County Executive Chris Ronayne leading the fight.
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In Cleveland, one east-side housing development and one west-side development are set to receive 4-percent Low Income Housing Tax Credits (LIHTC) from the Ohio Housing Finance Agency (OHFA). The agency announced that determination yesterday in a spreadsheet posted on its Web site. A third project won a $1.75 million OHFA loan, OHFA said in a written statement released today.
Read MoreProjects OK’d for affordable housing loan, credits Read More »
John Carroll University’s (JCU) transformative Gateway North project, a mixed-use retail and residential complex, has taken a significant step forward with approval from the University Heights City Council yesterday. Plans for the project had been under review by several city panels in this eastern Cleveland suburb for several months.
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Denver appears to have outbid its nearest rivals, including Cleveland and Cincinnati, for the 16th expansion team in the National Women’s Soccer League (NWSL). A Denver-based ownership group is reported to be exclusively negotiating a $105 million to $120 million fee to land the team — or roughly double the previous record high expansion fee of $53 million paid last year by a Boston group.
Read MoreCleveland NWSL bid falls short, seeks future team Read More »
Two panels of elected officials voted simultaneously last night to approve agreements authorizing the Downtown Lakewood development to start as early as Aug. 30, 2025. The $119 million mixed-use project will finally repurpose the former site of the city-owned Lakewood Hospital that closed in 2016 and has sat largely devoid of structures for five years.
Read MoreDowntown Lakewood megaproject gets final OK Read More »
A property transaction recorded last week by Cuyahoga County revealed an emerging development site that could host about 200 apartments in Cleveland’s Midtown neighborhood. The site, located between Euclid and Chester avenues in the East 40s, has been the subject of interest by multiple developers in recent years.
Read MoreLarge Midtown development planned Read More »
Two years before Gloria Gaynor released her 1978 smash hit “I Will Survive” about recovering from a breakup, she released another song titled “Let’s Make a Deal” — referring to a marriage. In the coming days and weeks, we’re likely to hear more about a similar plot line albeit in reverse involving the proposed new stadium in suburban Brook Park.
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An early indicator of an emerging real estate development is to see a request for unused public rights of way to be vacated. Another is a mass of properties being acquired by the same company in the same area. Yet another is to see decaying structures in that area be demolished. All three of those conditions are occurring on Barber Avenue at West 30th Street, where Cleveland’s Ohio City neighborhood meets Clark-Fulton.
Read MoreOhio City housing emerging south of tracks Read More »
The Port of Cleveland and the maritime-dependent industrial sector are showing resiliency and growth as an economic force in Northeast Ohio, according to a new study commissioned by the Ohio Department of Transportation (ODOT). The latest analysis reveals the port and maritime sector generates more than 23,000 jobs and over $7 billion in economic impact, a notable increase of $2.3 billion since 2021.
Read MoreCleveland maritime sector is big business Read More »
Typically, the third time’s a charm, but Bridgeworks needed more times than that to earn the approval of the Cleveland Landmarks Commission. Ultimately, the proposal passed unanimously today. The go-ahead allows developers to move forward with constructing all of the $84 million project, located at 2429 W. Superior St. in Cleveland’s Ohio City neighborhood.
Read MoreBridgeworks gets green light from Landmarks Read More »
