Three redevelopment projects — two on Cleveland’s west side and one in Lakewood — were awarded financial assistance today by the Port of Cleveland’s board to advance them to construction in the coming weeks. The assistance totaled more than $97 million worth of financing, sales tax savings and bonds.
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Tanger, a publicly traded owner and operator of outlet and open-air retail shopping destinations, has acquired Pinecrest, a 640,000-square-foot open-air, grocery-anchored, mixed-use center in one of the most desirable submarkets of Greater Cleveland.
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Two big actions happened in the past week to support new affordable housing next to Historic League Park in Cleveland’s Hough neighborhood. One was a $3 million investment by University Hospitals in the proposed Gateway66 apartment complex. The other was a building permit application submitted to the city for that project.
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For leaders of the Urban Community School (UCS), West 47th Street has been a street of dreams. But those dreams are becoming a reality in 2025, with more to come by the end of the year – including a new baseball field of dreams.
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There’s still a lot we don’t know about Great Lakes Brewing Company’s (GLBC) vision for Scranton Peninsula in Cleveland. But NEOtrans has learned that there are once again plans for the independent craft brewery to make a big investment in Cleveland Flats rather than relocate to an exurban site along an interstate highway.
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Design review of East Stokes, what would be University Circle’s tallest building, was moving along at a rapid clip last fall. Things were moving so quickly that the development team, led by PCP Voyager, anticipated that if City Planning Commission could approve the final plans by Thanksgiving, a spring groundbreaking of 24-story apartment tower might be possible.
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A design review panel of Cleveland’s Planning Commission today approved Bedrock’s final masterplan for its multi-phase, $3.5 billion riverfront development. But while the vote was unanimous, commission members asked some pointed questions about how all of its components would successfully come together.
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NEOtrans was first to report several weeks ago that a grand-opening ceremony for Sherwin-Williams’ new headquarters was scheduled for next month despite that a “major hiccup and flaw” in construction of the tower had to be repaired. Now, that ceremony has been pushed back by seven months, according to public records secured by NEOtrans.
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When the chains start replacing mom-n-pop businesses in a growing neighborhood, some welcome them as a validation of its success. Others reject them as a weakening of a neighborhood’s uniqueness that created that success in the first place. So the replacement next year of the popular Soho Chicken + Whiskey with a Chipotle Mexican Grill could be the start of a shift in Ohio City’s Market District in Cleveland.
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On Friday, Judge Christopher Boyko at the U.S. District Court for the Northern District of Ohio ordered the North Point office complex in Downtown Cleveland be placed in the hands of a receiver to manage the property and, more specifically, to pay its creditors. The request was made earlier in the week by Wells Fargo Bank, as trustee for the benefit of the registered holders of GS Mortgage Securities Corp.’s distressed loan collateralized by the property.
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