Cleveland West

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

Megaprojects program gears up for next round

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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New Bridgeworks design wins support

Plans for building an apartment-hotel tower called Bridgeworks at the west end of the Detroit-Superior Bridge appear to be back on track after the development team made some design changes. Those changes allowed the project to win unanimous support yesterday from the Ohio City Design-Review Committee. The same committee last month sent the project back to the drawing board.

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Near West Side continues to boom

If it’s Tuesday, then Tremont must be adding another apartment building. With remarkable frequency, Tremont, Ohio City and other near-west side Cleveland neighborhoods continue to attract new residential developments.

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Bridgeworks design to be re-refined

Development team members of a proposed high rise in Cleveland’s Ohio City neighborhood are going back to the drawing board again. While this redesign may be less significant than the last one, done to bring Bridgeworks’ costs in line with available financing, its impact on the residential-hotel-retail project’s $60+ million budget is not yet known.

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High-rise planned near Edgewater Park

A local developer is proposing to build the tallest building between Ohio City and Lakewood’s Gold Coast, within a few steps of Edgewater Park. Yet, at 10 stories tall, the proposed expansion of The Shoreway apartment complex, 1200 W. 76th St., won’t threaten to scrape the sky west of Cleveland’s Battery Park.

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Another mid-sized Tremont apartment building

Seldom does a Cleveland development site offer such a remote, wooded lot and yet have so many urban amenities nearby. The features of that site, including it being next to a revived Clark Field, are why it is reportedly attracting a mid-size apartment building.

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Studio West 117 campus plan grows

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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