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CRE industry lauds Bibb’s construction permit overhaul

Commercial real estate and construction interests hailed Cleveland Mayor Justin Bibb’s signing of an executive order today to simplify and speed up the construction permitting process at City Hall. Bibb was quick to point out that this reform will affect small projects by homeowners as well as downtown…
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Bridgeworks design evolves again – minus hotel

An ever-changing lending market has caused designs to change again for the proposed Bridgeworks development, 2429 W. Superior in Cleveland’s Ohio City neighborhood. Some things were noticeably different in the plans — no hotel, no retail/restaurants, a big increase in the number of apartments, and a variety of…
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Cleveland Kitchen wins $10M in tax credits

Cleveland Development Advisors (CDA) has allocated $10 million in federal New Markets Tax Credits to Cleveland Kitchen, originally Cleveland Kraut, to consolidate and expand its production facility in the Central Kitchen Food Hub. The hub is a food incubator and accelerator on Carnegie Avenue in Cleveland’s Midtown neighborhood.
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Biotech biz plans $12M investment in East Cleveland

One week after the Cuyahoga Land Bank completed a $3.5 million renovation of the Mickey’s building, 12550 Euclid Ave., in East Cleveland, it announced the sale of the building to Verdynt Bio, a Boston-based science facility developer with strong ties to Ohio. Verdynt Bio’s operations partner, SKYLIIT Labs,…
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