While Cleveland is not unique among major cities in having a declining school population, it is proving to be adept at adapting. It is turning what would otherwise be a potential problem of blighted, vacant school buildings and lands that would drag down neighborhoods into redevelopment opportunities that might lift them up.
Read MoreReport: Cleveland ranks 2nd in USA in redeveloping closed schools Read More »
Some said 9410 Hough Ave. couldn’t be saved. Others doubted the development team’s ability to move the rebuilding project forward. But Gina Merritt doesn’t succumb to those who doubt her or the endeavors she pursues.
Read MoreHough apartment tower transformed Read More »
Four decades after the venerable Warner & Swasey factory in Cleveland’s Midtown neighborhood closed, good things appear to finally be coming together for a rebirth of the 3-acre site.
Read MorePennrose acquires Warner & Swasey site Read More »
Earlier this month, a letter was sent by an Indianapolis-area real estate developer to Cleveland Mayor Justin Bibb and City Council notifying them of its desire to develop a lakefront apartment project and their intention to seek Low Income Housing Tax Credits (LIHTC) for it.
Read MoreLakefront apartment complex planned near Downtown Cleveland Read More »
Frank Sinito Sr., founder of Millennia Companies, has stepped away from managing the day-to-day business of one of the nation’s largest owners and managers of affordable housing properties. In announcing this and other leadership changes, the company said it will be selling off parts of its affordable housing portfolio and expanding investments into market-rate housing.
Read MoreSinito walks away from running Millennia Read More »
Perhaps as early as Monday, affordable housing developer Pennrose LLC of Philadelphia will get a deed and the keys to the hulking mass of brick. concrete, steel and memories that is the Warner & Swasey Co. factory, 5701 Carnegie Ave. The hope since 2018 has been to turn this long-vacant site into affordable housing. But if money was as abundant as hope for this property, its redevelopment wouldn’t have experienced a new, $2 million setback.
Read MoreWarner & Swasey faces $2M gap, needs help Read More »
Asiatown was a neighborhood that was on the upswing 20 years ago. There were new restaurants, shopping venues like Asia Plaza, Tyler Village and other commercial developments, multiple new housing offerings such as the Asian Evergreen and Body Block Arcade apartments, plus several longstanding grocers including Dave’s Market, 3301 Payne Ave., had renovated their properties.
Read MoreMidtown Lofts advances with support, concerns Read More »
Efforts by city officials to repopulate Cleveland neighborhoods don’t always go smoothly when residents and community officials have gotten used to not having people, density and activity around for decades. But a mixed-use project intended to restore some of that urbanity got approved today by the Landmarks Commission in a contentious meeting.
Read MoreWatterson-Lake Apartments design approved Read More »
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.
Read MoreUH invests $3M in housing next to League Park Read More »
This summer, an aging but well-located building in the heart of Cleveland’s booming University Circle will get a needed refreshing to help it compete with new apartment buildings nearby. The University East Building, 11308-11330 Euclid Ave., will get that attention now that it is under the long-term management of a prominent local real estate developer.
Read MoreFirst Interstate to renovate UC apartment building Read More »
