NEOtrans business, development, real estate, construction and market trend news about Cleveland Suburbs
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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The redevelopment of a former monastery at Lee Road and North Park Boulevard in Cleveland Heights with upscale housing is finally moving forward after nearly three years of planning. Conceptual plans for the project, to be called the Wellington Mews, are scheduled to be presented to Planning Commission at 7 p.m. April 13.
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Details of a $90 million proposed development of the city-owned Lakewood Hospital site were announced today by Lakewood Mayor Meghan George. The plan and the terms of the city’s draft agreement with a development team led by Columbus-based CASTO Communities now go to City Council for its review and possible approval.
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A Canadian luxury auto dealer hopes to consolidate its local dealerships, service center, Ohio offices and hundreds of jobs at a new $60 million development at Great Northern Mall in North Olmsted.
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What started out with two significant real estate purchases on either side of West 117th Street in Cleveland and Lakewood by a development partnership has since expanded to seven properties. And what was originally a $75 million vision for renovating the old Phantasy Theater complex called Studio West 117 has grown even further.
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Lakewood Mayor Meghan George’s office revealed today that an agreement for the redevelopment of the city’s ex-hospital site is being finalized and could be announced in April.
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Today, the five-member Ohio Tax Credit Authority board awarded $100 million in tax credits to Transformational Mixed Use Developments (TMUD) to 13 applicant projects throughout Ohio. Of the 42 projects statewide and nine from Greater Cleveland that were submitted for credits, four received a total of $53 million in funding.
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Construction is due to start later this year on the first of two mixed-use developments on Detroit Avenue in Lakewood by a Columbus-based real estate firm.
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On this date of the groundbreaking ceremony for Sherwin-Williams’ (SHW) new global headquarters, it’s not just a time to look ahead but to look back to see how we got here.
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Four regional projects that encompass 5.7 miles of trail and bicycle connections on Cleveland’s East Side and in Euclid were award federal planning funds today.
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