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Ohio megaproject applications released

When real estate developer Bob Stark thought up the Ohio Transformational Mixed Use Development (TMUD) tax credit several years ago, he envisioned it as a means to transition from tapping historic tax credits for renovating old buildings in downtown Cleveland to afford building new ones. His rationale was…
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INTRO phase 2 gets a bit clearer

After a developer entered a project design contest recently, it did more than just win some money. It also gave some insights into its next big construction project in Cleveland’s Ohio City neighborhood. But a spokesman for the developer, Harbor Bay Real Estate Advisors, cautioned that the basic…
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Five Iron Golf to fill four storefronts

Downtown Cleveland’s Euclid Avenue is a bit of a dead zone between East 9th and East 12th streets, but it’s not for a lack of residential. Almost every building on both sides of the street were converted from offices to residential uses over the past decade. What silences…
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Lumen tower no longer for sale

If you were gathering up spare change in the hopes of buying The Lumen, Cleveland’s tallest residential building, you’re probably out of luck. The reason is that The Lumen’s owner, the Playhouse Square Foundation (PSF), is reportedly taking the 34-story apartment tower off the market. And it wasn’t…
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More Pearls of development due

While renovations are well underway on converting the old Brooklyn Masonic Temple into the Lofts On Pearl, Kosta Almiroudis is already planning his next move two doors down. At 3784 Pearl Rd., the founder of Almico Properties and Northern Lights Maintenance LLC plans to redevelop a strip of…
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Great Lakes Brewing on the move

A number of factors have come together to prompt the Great Lakes Brewing Co. to seek a relocation of its production facilities from its longtime location in the heart of Cleveland’s Ohio City neighborhood. Previously, the large craft beer brewer had considered expanding production to properties it acquired…
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