NEOtrans business, development, real estate, construction and market trend news from the East side of Cleveland
Citing tremendous growth in the number of patients seeking health care, the Cleveland Clinic Foundation (CCF) today formally announced plans for $1.3 billion worth of facilities expansion worldwide. But most of the new construction is planned for its main campus near University Circle in Cleveland.
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This week, the Ohio Department of Development announced that it is opening round two of its new and popular Transformational Mixed Use Development (TMUD) tax credits program on May 18. Authorized for four years with up to $100 million in tax credits available each year, the deadline for submitting TMUD applications for Fiscal Year 2023 is 4 p.m. July 8.
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A food service business that’s barely two years old has nearly outgrown its 120,000-square-foot building in Cleveland’s Central neighborhood and is already making plans for expansion.
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The Cleveland Clinic Foundation and Fairfax Renaissance Development Corp. will host a public meeting to gather community input on what to do with the vacant former home of the Cleveland Play House (CPH), 8500 Euclid Ave.
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When Michael DeAloia shows off the new home of Evergreen Podcasts, there’s an air of entrepreneurial energy and optimism in the place. Crafted out of the former radio studios and offices of WZZP/WDOK-FM at 2644 St. Clair Ave., the fresh smell of paint and carpet pushed around by the action of people coming and going makes the building feel reinvigorated.
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If there’s any building that shows the strength of the housing market in Cleveland’s University Circe, it’s the Axis at Ansel which is now for sale.
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IMG Group reportedly moving nearby
Flats South redevelopment activity increasing
Life sciences biz expands at Tyler Village
May Dugan Center, Men’s Shelter expanding
If it seems like there’s been a sudden increase in real estate development projects in Cleveland lately, you’re not alone. And last week, the city’s Building Department received applications for zoning reviews and eventual building permits of three decent-sized projects — in one day.
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More, bigger and sooner was the message this week from the Cleveland Clinic about its Main Campus expansion plans. The scope and timing of those plans got a lot clearer at the Clinic’s inaugural Construction Supplier Diversity and Inclusion Day.
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A proposed demolition of a parking garage at 1980 Ford Rd. in Cleveland’s University Circle area is already causing negative impacts in the area — and the garage hasn’t been razed yet. But officials at University Circle Inc. (UCI) which owns the 54-year-old garage are hoping that a new parking deck to be built in its place will help boost the neighborhood.
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