Cleveland West – Page 18

Megaproject candidates — a partial list

Ken Prendergast / July 8, 2022

While a complete list of applicants for so-called “megaproject” tax credits won’t be available until sometime next week, NEOtrans has learned who a few of the local applicants are and aren’t, including at least one surprise. The deadline was today at 5 p.m. for submitting applications to the Ohio Department of Development for the second round of Transformational Mixed Use Development (TMUD) tax credits that could total $100 million.

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Cleveland looks steady in new office market data

Ken Prendergast / June 25, 2022

Contrary to the narrative that office markets nationally and especially in Greater Cleveland are dead, two new reports show they are very much alive. And while they’re not fully recovered from the pandemic and remote working, some office markets including Cleveland’s have shown surprising resilience.

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Cleveland, Lakewood rehabs corner historic credits

Ken Prendergast / June 22, 2022

Several Greater Cleveland redevelopment projects in the works for years got a boost today when they were among the 38 projects awarded nearly $40 million in historic tax credits by the Ohio Department of Development. The awards were part of the Ohio Historic Preservation Tax Credit Program that is administered in partnership with the Ohio History Connection’s State Historic Preservation Office.

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The Pearl gets major redesign

Ken Prendergast / June 7, 2022

Major design revisions to a large mixed-use building planned for West 25th Street at Columbus Road at the south end of Tremont’s Duck Island’s neighborhood have won the project praise and support from civic groups, especially for redesigning an intersection in front the proposed building.

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Westinghouse rebirth to be announced ‘soon’

Ken Prendergast / June 6, 2022

The new owner of the old Westinghouse plant next to the West Shoreway in Cleveland says their development team has made great progress on a plan to revive the vacant factory. But while he’s not ready to reveal any specifics yet, NEOtrans has learned the project will feature a luxury hotel, housing, restaurants and possibly other uses.

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2130-W-42nd-church-to-townhomes-rendering

Adaptive reuses flourish in Ohio City

Ken Prendergast / June 4, 2022

Several adaptive reuse development projects in Cleveland’s Ohio City neighborhood are saving older buildings from the wrecking ball. Their developers are using creativity to convert vacant or underutilized structures into new uses that serve present-day needs.

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Treo, Edison for sale for different reasons

Ken Prendergast / May 18, 2022

Two near-West Side Cleveland multi-family properties hit the market this week but for two very different reasons. In the Lincoln Park section of Tremont, the still-under construction Treo was offered for sale today. Tomorrow, it will be The Edison’s turn to test the waters in Gordon Square.

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Sokolowski’s to be razed for apartments over retail

Ken Prendergast / May 18, 2022

Two local businessmen are seeking to redevelop the former Sokolowski’s University Inn restaurant property, 1201 University Rd., into a six-story luxury apartment building, if the project is approved by the city of Cleveland as designed. The first step in the city’s design-review process began yesterday as a Tremont neighborhood block club saw and gave input to the project’s plans for the first time.

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Ohio City RTA station site ideas arrive

Ken Prendergast / May 18, 2022

Representatives of a real estate development partnership have been making the rounds of near-west-side neighborhood block clubs to present conceptual ideas and get feedback for developing land next to the West 25th-Ohio City Red Line Station. But those same representatives caution there is no plan yet and there is no guarantee that anything will be built.

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Megaprojects program gears up for next round

Ken Prendergast / May 8, 2022

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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