TMUD round 3 starts next week

Ken Prendergast / July 21, 2023

The desire for new-build projects in downtown Cleveland led to the creation of the state’s Transformational Mixed Use Development (TMUD) tax credit program nearly three years ago. But in the first two years of the four-year TMUD program, no developers of new-construction downtown projects have submitted applications. As the third round of TMUD will start next week, will a new-build project downtown finally be an applicant — or perhaps even a winner — despite of tightening labor and credit markets plus rising interest rates?

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Seeds & Sprouts 30 – Apartments at Bolivar starting, Slavic Village school site reuse, Glenville apartment to get reno

Ken Prendergast / July 17, 2023

In downtown Cleveland, the Apartments at Bolivar are scheduled to break ground by the end of the month after demolition work. Reuse of Fullerton School site in Slavic Village is in works. And a Glenville apartment building is proposed to be renovated.

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Downtown Lakefront projects flow

Ken Prendergast / July 11, 2023

Several large-scale projects along downtown Cleveland’s lakefront are moving forward thanks to developments in recent days. In addition to multi-million-dollar grants being awarded for lakefront projects, the City Planning Commission approved plans for the $100 million expansion of the Rock & Roll Hall of Fame. Also, a national nonprofit that promotes racial equity revealed it is partnering with the city on designing an inclusive lakefront. And plans for converting the Shoreway highway into a boulevard are crystalizing but may complicate Amtrak’s passenger rail expansion plans.

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Slavic Village industry to get trucked

Ken Prendergast / June 30, 2023

The Empire Plow Co. has been in existence for 183 years. Its factory in Cleveland’s Slavic Village neighborhood has stood for 136 years. But since it’s been vacant for four years, it’s likely to be demolished by the end of this year. And, according to the property owner, the site is proposed to be bought by a local trucking firm that needs more space for its growing business.

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NE Ohio wins $26M in historic tax credits

Ken Prendergast / June 29, 2023

An ambitious plan to redevelop the mostly vacated Park Synagogue, 3300 Mayfield Rd., and its 28 acres of land in Cleveland Heights was the big winner in today’s awarding of $50.56 million in Ohio Historic Preservation Tax Credits to 38 projects statewide. But Northeast Ohio overall did pretty in this latest round of historic tax credit awards, winning more than $26 million for 11 projects.

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Hough developments keep on coming

Ken Prendergast / June 28, 2023

Multiple construction projects are underway at the east end of Hough, closest to University Circle, and more are about to begin. While work is rapidly progressing on the apartments and townhomes for Park Lamont, two more projects are about to begin and a third is waiting in the wings for more financing to be awarded to it. All are in response to the growing number of University Circle-area jobs and students. Even affordable senior housing is being added in response to this growth, with the goal to make sure seniors don’t get squeezed out of a neighborhood experiencing rising rents.

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Seeds & Sprouts XXIX – CSU to start arena plans, Downtown garage demo, Olde Cedar’s replacement

Ken Prendergast / June 21, 2023

Cleveland State University is about to start work on plans for a new arena, a downtown parking garage will be demolished — for a parking lot, and one of the oldest public housing projects in the USA along with the old juvenile justice center will be demolished for a mixed-income housing complex.

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Bibb appoints interim director

Ken Prendergast / June 20, 2023

Less than a week after Tessa Jackson left her post as Cleveland’s economic development director, Mayor Justin Bibb has found a replacement — at least temporarily. This morning, Bibb named Terri Hamilton Brown as the city’s interim director of economic development. She was sworn in and began work today following the departure of Tessa Jackson on June 15. The city expects to open the application process for the permanent position later this week.

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BofA: they’re coming to Cleveland

Ken Prendergast / June 8, 2023

Another leading indicator of potential population growth in Greater Cleveland was published this week by Bank of America (BofA), one of the nation’s Big Four banking institutions, serving more than 10 percent of all bank deposits of the United States. In a BofA June report, it put Greater Cleveland among the top metro areas benefitting from pandemic-instigated domestic migration trends, with its positive inflow-over-outflow rate ranking up there with the likes of Austin, Tampa, Orlando and Dallas.

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CWRU reveals research center details

Ken Prendergast / June 6, 2023

Case Western Reserve University (CWRU) President Eric Kaler yesterday announced the details of the university’s new, 200,000-square-foot research center intended to promote collaborative discovery and innovation. Called the Interdisciplinary Science and Engineering Building (ISEB), the $300 million investment represents the university’s largest-ever project on the Case Quad, northeast of Euclid Avenue and Martin Luther King Jr. Boulevard.

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