NEOtrans business, development, real estate, construction and market trend news from the East side of Cleveland
Cuyahoga Land Bank has been awarded $4.95 Million from the Ohio Department of Development’s Welcome Home Ohio Program to support affordable housing development in the county. The funds will be used to create new, affordable homes in partnership with Cuyahoga County, CHN Housing Partners and Near West Land Trust.
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Increasingly, artist studios and nonprofit arts organizations have been moving eastward from downtown into Cleveland’s Goodrich-Kirtland Park neighborhood and St. Clair-Superior. But few are making as big of an investment as that which the Cleveland Print Room (CPR) plans by acquiring and renovating a former commercial laundry at 4730 Lexington Ave.
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Manufacturing work has begun this month on the Greater Cleveland Regional Transit Authority’s (GCRTA) new railcars, said members of the authority’s management team overseeing the replacement of its aging railcar fleet. But until enough railcars are delivered, which won’t happen until 2027, the public will still be riding the oldest trains among any transit authority in the nation.
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Shaker Square mainstays Edwins Restaurant and Edwins Too on the other side of the square may not be staying put much longer. In fact, they could be headed for the former Nighttown restaurant location in Cleveland Heights to avoid what Edwins’ owner Brandon Chrostowski says is a worsening safety issue at Cleveland’s Shaker Square.
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A second major groundbreaking event is coming later this month in Cleveland, following that of the Cleveland Clinic Global Peak Performance Center. But this one could be a little confusing to those familiar with Case Western Reserve University’s (CWRU) $300 million Interdisciplinary Science and Engineering Building (ISEB). They may be excused to wonder if this project hasn’t already been underway for some time — because it has.
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Last evening, a new Cleveland Housing Investment Fund (CHIF) was launched when Cleveland City Council passed legislation that requires the city to provide financing to the new fund. The city’s $18 million commitment leverages $20 million pledged by Cleveland-based KeyBank to boost the development of mixed-income rental housing and home ownership opportunities.
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A George family-owned billboard that metastasized into three as a result of a 2023 court settlement has found its third and final landing spot in Cleveland. That third billboard site is a piece of a city-owned parcel on the Opportunity Corridor near Quincy Avenue that is unlikely to be developed with any other uses, according to a city official. Title to the land will be transferred to the Georges.
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As Case Western Reserve University (CWRU) approaches its 200th anniversary, just two years away, the growing college has just one megaproject on its syllabus for Cleveland’s University Circle — the $300 million Interdisciplinary Science and Engineering Building. So CWRU’s bicentennial legacy is to do what it has often done — prudently build when it needs to, not when it wants to. Even so, news of what the university is not building may come as a surprise.
Read MoreCWRU’s South Residential expansion stops Read More »
Ricardo León gained something by losing something. He lost the prefix “Interim” prior to his title of “President” of the Cuyahoga Land Bank, a private, nonprofit government entity whose mission it is to acquire properties, return them to productive use, reduce blight and increase property values in Cuyahoga County.
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With a partial occupancy permit from the city awarded, arriving residents are opening the book on Library Lofts — the latest building to be offered at the Circle Square district of Cleveland’s University Circle. Like a novel with a thick plot, progress on the apartment building-over-public library has taken lots of turns, though it’s not done yet. But this page-turner is almost there. And what a poetic conclusion it may turn out to be.
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