Cleveland East

NEOtrans business, development, real estate, construction and market trend news from the East side of Cleveland

Universities worldwide compete to redesign Cleveland’s Lake Shore Power Plant site

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With deference to the classic movie “Casablanca,” of all the abandoned industrial sites in North America, the Urban Land Institute’s (ULI) Hines Student Competition picked Cleveland’s vacated Lake Shore Power Plant site as the canvas for its 2025 design competition. Four finalists were announced today in the competition that drew 82 entries from universities worldwide, with the winner to be named April 3 in Cleveland.

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University Circle tower goes back to drawing board

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Design review of East Stokes, what would be University Circle’s tallest building, was moving along at a rapid clip last fall. Things were moving so quickly that the development team, led by PCP Voyager, anticipated that if City Planning Commission could approve the final plans by Thanksgiving, a spring groundbreaking of 24-story apartment tower might be possible.

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Canon Healthcare USA picks Cleveland for HQ

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Over the past several years, Canon Healthcare USA was considering multiple locations inside and out of Greater Cleveland for its new headquarters. While most real estate insiders believed it would land at the former IBM Explorys headquarters, 10500 Cedar Ave., in Cleveland’s University Circle, it was not a done deal. With the city’s passage of a job creation income tax credit last night, it now appears to be.

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New East-Side fieldhouse due at Breakthrough School

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Having affordable, comfortable places for the community to gather for events, sports and even voting can be hard to find in Cleveland’s Kinsman and Woodland Hills neighborhoods. But that could soon change for the better based on plans for a new fieldhouse at Breakthrough Schools’ Woodland Hills Campus, 9201 Crane Ave. Those plans were submitted this week to the city’s Building Department.

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Bedrock Riverfront Wins Greater Cleveland’s only TMUD

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It seems $100 million doesn’t go as far as it used to. At least it didn’t today when the Ohio Tax Credit Authority awarded $100 million in Transformational Mixed Use Development (TMUD) tax credits to just nine projects statewide. Northeast Ohio won two — Greater Cleveland got just one of those. And that was the last of four rounds of TMUDs authorized by the Ohio General Assembly unless some previous awards aren’t used and are made available.

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At best, federal funds for major projects on hold

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Millions, if not hundreds of millions of federal tax dollars awarded to local infrastructure and energy projects may be at risk from a 90-day funding freeze and review mandated earlier this week by the new Trump Administration. That possibility was raised today at the first board meeting of the year for Greater Cleveland’s metropolitan planning organization (MPO) which distributes federal funds to transportation and air quality programs.

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