Cleveland West

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

Commission OKs Tremont rezoning

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A nearly 25-acre area of land on a hillside at the north end of Tremont was recommended for rezoning by the City Planning Commission yesterday to allow more development closer to the Cuyahoga River. But the rezoning, primarily from general industry to general retail to accommodate new residential, neighborhood shops and restaurants, was opposed by the industries currently using those properties. Planning commission members responded that the rezoning allows existing uses to continue and that the rezoning is consistent with the city’s land use plans, namely its Vision For The Valley.

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Huge Tremont hillside development site is in the works

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A former railroad yard-turned-asphalt plant at the edge of one of Cleveland’s hottest neighborhoods is the location of an emerging, large development site that could add shops, restaurants, other small businesses and hundreds of homes at a riverfront location. The developer leading the charge for this nearly 25-acre site is the same one involved in helping to move forward the 25-acre Thunderbird development on Scranton Peninsula in the Flats.

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Lakefront properties change hands

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In the past week, two significant property sales occurred near the lakefront in Cleveland’s Gordon Square neighborhood. While both occurred on different sides of Breakwater Avenue, one sale was of a former light-industrial property that was redeveloped with residential a little more than five years ago. The other sale was of a light-industrial property that has been destined for years to become residential and may now be on a faster ride in that direction.

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Shoreway Tower clears another hurdle

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One of the most important remaining hurdles for a proposed high-rise apartment building overlooking Edgewater Park was finally cleared after multiple postponements. But today, Cleveland’s Board of Zoning Appeals (BZA) unanimously approved four variances to the city’s zoning code necessary to build the project on a parking lot at the north end of West 78th Street. Today’s action puts the project a big step closer to construction.

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What we may see in 2023

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When it comes to business, real estate and community investment, there’s a lot to look forward to in Greater Cleveland in 2023. Look no further than the new Canon Healthcare headquarters, Bedrock real estate’s riverfront plans, Midtown Cleveland developments, booming University Circle and its spillover into long-neglected neighborhoods, the next artist district in Cleveland, ballpark villages around our city’s sport venues, lakefront plans and projects, transit-oriented developments, plus the skyscrapers under construction downtown.

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Old Brooklyn development plan wins support

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Plans for redeveloping the northwest corner of Pearl Road and Memphis Avenue in the heart of Cleveland’s Old Brooklyn neighborhood were set in motion yesterday when a Pittsburgh-based architecture and development firm and its conceptual plan were selected by the Old Brooklyn Community Development Corp. (OBCDC). Desmone, OBCDC and other neighborhood stakeholders pledged to work together in the first quarter of 2023 to turn the proposal into an real project.

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Boost in historic tax credits benefits Ohio projects

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Ohio announced state support for 54 rehabilitation projects that will restore 57 historic buildings across the state including eight redevelopment projects in Cleveland. According to state officials, the projects statewide are expected to leverage approximately $1.01 billion in private investment. The projects were awarded funding as part of the Ohio Historic Preservation Tax Credit Program (OHPTC), administered by the Ohio Department of Development. In total, 21 communities across the state are receiving awards, which total $64,132,847 in tax credits with $14.5 million of that going to Cleveland projects.

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Brownfield grants reveal progress on many projects

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Ohio Gov. Mike DeWine today announced $88 million in state support for 123 brownfield remediation projects that will help clean up hazardous and underutilized sites throughout the state. The Ohio Department of Development is funding the awards through the Ohio Brownfield Remediation Program, which is designed to clean up and prepare hazardous brownfield sites for redevelopment. The projects announced today will impact communities in 35 counties across the state.

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Four NE Ohio projects win TMUD credits

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In the first round of Ohio’s Transformational Mixed Use Development (TMUD) tax credit program, more than half of the major-city credits went to Cleveland. Today, more than half of those credits went to just two projects in Columbus. That left enough TMUD credits to benefit two projects in Cleveland — the Erieview redevelopment in downtown Cleveland and the Circle Square megaproject in University Circle. Unfortunately, that also meant that several other projects in Cleveland and Cuyahoga County were left out.

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