It’s a $34 million project nearly six years in the making. But after a pandemic, a sharp increase in construction costs, pursuits of additional financing and working out a complicated development partnership to build essentially two buildings in one, construction is finally in sight for the new Walz Branch Library topped by Karam Senior Living apartments.
The U.S. General Services Administration (GSA) today announced it will initiate a public sale of the 32-story Anthony J. Celebrezze (AJC) Federal Building, 1240 E 9th St, in Downtown Cleveland that it claims could potentially save more than $430 million in total annual operating costs.
Greater Cleveland’s office market in the first quarter of this year saw its second-lowest amount of leasing activity, as measured in square feet, in the last 16 years since the Great Recession. Only the fourth quarter of 2021, following the pandemic and the rise of remote working, saw less leasing activity locally since 2009.
Cuyahoga County Executive Chris Ronayne has submitted a request for $350 million in state bonds to fund the renovation of the existing, city-owned Huntington Bank Field on Downtown Cleveland’s lakefront. He says it is a fair, affordable request that’s on par with what Cincinnati is seeking to rebuild its own existing football stadium.
There’s been lots of new housing units planned lately for the Barber-Vega-Queen (BVQ) District at the north end of Cleveland’s Clark-Fulton neighborhood. But none is as large as the project that just won approval from the city’s Near West Design Review Committee.
Two memos dropped today from two branches of state government, both urging caution when considering the Haslam Sports Group’s (HSG) economic impact projections from its proposed enclosed stadium and supportive development in suburban Brook Park. But HSG shot back, calling the reports “questionable” and “inaccurate.”
A redevelopment plan by a team of Harvard University and Massachusetts Institute of Technology (MIT) students for the site of a former coal-fired power plant on Cleveland’s lakefront won the top prize in the 23rd annual Urban Land Institute(ULI)/Gerald D. Hines Student Urban Design Competition.
NEOtrans has learned that, not only does the Trump Administration intend to close the Anthony J. Celebrezze (AJC) Federal Building in Downtown Cleveland, the agency responsible for federal real estate has reportedly suspended building renovations in-progress. That also means federal taxpayers may have to eat millions of dollars paid for the unfinished work.
Amid all of the big development news happening around town, there’s lots of smaller commercial projects that can have a big impact on individual neighborhoods. And nearly all of these are new or expanded commercial offerings that are due to pop up on the landscape in the coming months.
It’s a $34 million project nearly six years in the making. But after a pandemic, a sharp increase in construction costs, pursuits of additional financing and working out a complicated development partnership to build essentially two buildings in one, construction is finally in sight for the new Walz Branch Library topped by Karam Senior Living apartments.
The U.S. General Services Administration (GSA) today announced it will initiate a public sale of the 32-story Anthony J. Celebrezze (AJC) Federal Building, 1240 E 9th St, in Downtown Cleveland that it claims could potentially save more than $430 million in total annual operating costs.
Greater Cleveland’s office market in the first quarter of this year saw its second-lowest amount of leasing activity, as measured in square feet, in the last 16 years since the Great Recession. Only the fourth quarter of 2021, following the pandemic and the rise of remote working, saw less leasing activity locally since 2009.
Cuyahoga County Executive Chris Ronayne has submitted a request for $350 million in state bonds to fund the renovation of the existing, city-owned Huntington Bank Field on Downtown Cleveland’s lakefront. He says it is a fair, affordable request that’s on par with what Cincinnati is seeking to rebuild its own existing football stadium.
There’s been lots of new housing units planned lately for the Barber-Vega-Queen (BVQ) District at the north end of Cleveland’s Clark-Fulton neighborhood. But none is as large as the project that just won approval from the city’s Near West Design Review Committee.
Two memos dropped today from two branches of state government, both urging caution when considering the Haslam Sports Group’s (HSG) economic impact projections from its proposed enclosed stadium and supportive development in suburban Brook Park. But HSG shot back, calling the reports “questionable” and “inaccurate.”
A redevelopment plan by a team of Harvard University and Massachusetts Institute of Technology (MIT) students for the site of a former coal-fired power plant on Cleveland’s lakefront won the top prize in the 23rd annual Urban Land Institute(ULI)/Gerald D. Hines Student Urban Design Competition.
NEOtrans has learned that, not only does the Trump Administration intend to close the Anthony J. Celebrezze (AJC) Federal Building in Downtown Cleveland, the agency responsible for federal real estate has reportedly suspended building renovations in-progress. That also means federal taxpayers may have to eat millions of dollars paid for the unfinished work.
Amid all of the big development news happening around town, there’s lots of smaller commercial projects that can have a big impact on individual neighborhoods. And nearly all of these are new or expanded commercial offerings that are due to pop up on the landscape in the coming months.