NEOtrans business, development, real estate, construction and market trend news about Cleveland Suburbs
The site of the former Hilliard Square Theater that closed in 1988 and was demolished in 2017 could become an affordable senior housing development if its developers win highly competitive Low-Income Housing Tax Credits (LIHTC) and a loan from the state.
Read MoreLakewood senior housing planned at ex-theater site Read More »
Although the demolition of an historic retail strip in Cleveland’s Shaker Square district was on Landmarks Commission’s docket, much of the panel’s discussion focused on what might follow the demolition. Ultimately, the commission unanimously approved razing the two-structured Van Aken Plaza located at 2742-2782 Van Aken Blvd. for a landscaped greenspace — for now.
Read MoreShaker Square demolition to avail housing site Read More »
City officials in Cleveland Heights today announced they have entered into a purchase agreement with National Church Residences (NCR), a Columbus-based non-profit senior housing developer, to acquire two city-owned properties for a planned $22 million, 71-unit, senior affordable-rate apartment building.
Read MoreSenior affordable housing deal OK’d in Cleveland Hts Read More »
Rebuild Cleveland, LLC and FutureHeights, Inc. have embarked on an official collaboration to bring transformative infill housing development to Cleveland Heights. This partnership leverages Rebuild Cleveland’s considered approach to residential development and FutureHeights’ extensive track record of creatively engaging the community to develop exceptional housing that is responsive to the community’s needs and respectful of its architectural heritage.
Read MoreRebuild Cleveland, FutureHeights unite to add housing Read More »
When one project is completed at a megaproject district, a good sign of its health is to see another project in same area start soon thereafter. That’s what is due to happen in a couple of weeks at the Van Aken District in Shaker Heights, according to a Columbus-based developer.
Read MoreVan Aken District’s next big project starts in March Read More »
Active discussions between the city of Cleveland, Cuyahoga County and the owners of the Cleveland Browns are back on for the $1.2 billion renovation of the city-owned, 1999-built stadium on Downtown Cleveland’s lakefront, Cuyahoga County Executive Chris Ronayne told NEOtrans in an interview today.
Read MoreRonayne ‘optimistic’ about Browns staying downtown Read More »
Three redevelopment projects — two on Cleveland’s west side and one in Lakewood — were awarded financial assistance today by the Port of Cleveland’s board to advance them to construction in the coming weeks. The assistance totaled more than $97 million worth of financing, sales tax savings and bonds.
Read MoreCleveland, Lakewood projects boosted by Port Read More »
Tanger, a publicly traded owner and operator of outlet and open-air retail shopping destinations, has acquired Pinecrest, a 640,000-square-foot open-air, grocery-anchored, mixed-use center in one of the most desirable submarkets of Greater Cleveland.
Read MorePinecrest bought by North Carolina firm Read More »
Everything from helping to finance a new stadium for the Cleveland Browns to funding sports programs for low-income families could be supported by a new sports facility and education fund sought by Ohio Gov. Mike DeWine in his proposed state budget. But the proposed fund doesn’t pick a stadium site for the Browns, which appears to give Downtown Cleveland site backers more of a win than it does for the owners of the pro football team.
Read MoreIs DeWine’s stadium tax idea a good bet? Read More »
The developer of the Marquee development has informed Cleveland Heights city officials that it will rebuild the structure that was destroyed by an overnight fire that began Jan. 25. The 139-unit Marquee at Cedar-Lee building fronting Cedar Road in the 13200 block, was still under construction and unoccupied at the time of the fire, which started about 7 p.m.
Read MoreDeveloper to rebuild after Cleveland Hts fire Read More »
