The owners of the Cleveland Browns football team have reached a purchase agreement to acquire a large piece of land in the Cleveland suburb of Brook Park, leading to speculation that the Browns could leave the city of Cleveland for the second time in its 78-year history.
Read MoreBrowns owners buying 176 acres in Brook Park Read More »
A rezoning request for the redevelopment of Martin Luther King Jr. Plaza, 9300 Wade Park Ave. in Cleveland’s Hough neighborhood resulted in the developer revealing her plans for the site. And those plans show the plaza would be demolished for a sizable, mixed-use development that could provide 142 residential units, both multi-family and single family, plus at least 15 leasable spaces for commercial tenants.
Read MoreCleveland’s MLK Plaza redevelopment plans revealed Read More »
More details are emerging for the proposed Watterson-Lake redevelopment in Cleveland’s Detroit-Shoreway neighborhood including the project’s growing size, parking situation, how it will be funded and who will manage the property. According to a project funding application posted earlier this month by the Ohio Housing Finance Agency (OHFA), the answer to the last question is the Cuyahoga Metropolitan Housing Authority (CMHA).
Read MoreCleveland’s Watterson-Lake redevelopment evolves Read More »
Out of eight Northeast Ohio development projects that applied for Transformational Mixed Use Development (TMUD) tax credits from the state, only two of them received the awards, the Ohio Department of Development announced today. This was the third year of the four-year TMUD program with $100 million available in TMUD tax credits each year.
Read MoreNE Ohio wins two transformational tax credits Read More »
With construction now complete, Downtown Cleveland, Inc. and Flats East Bank today unveiled a new performance stage on the Flats East Bank boardwalk, adjacent to the Cuyahoga River and The Flats at East Bank Apartments. But that could set the stage for more to come on the Flats East Bank.
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Cleveland-based NRP Group, one of the nation’s top-10 largest developers and managers of multifamily housing, has a new executive to guide the company’s strong finances through some challenging market headwinds. The change in leadership comes as a result of the retirement of the company’s longtime top financial manager.
Read MoreCleveland-based NRP Group names new CFO Read More »
While it’s tough to get financing for larger development projects anywhere these days, it is possible to add a meaningful number of housing units by dividing them up among smaller projects. That’s what Dalad Group of Independence and partner Property Advisors Group (PAG) of Beachwood are doing by pursuing more than 100 apartments on Cleveland’s near-West Side among a mix of new-construction and renovation projects.
Read MoreOhio City, Tremont developments advance Read More »
A company that acquired a large piece of prime Cleveland lakefront land in December is a bit of an enigma if for no other reason because of its youth. This company, IDA Power LLC, is getting its hands on some very problematic yet high-potential properties around the country. It is engaged in a lengthy process of cleaning up those sites and turning them into productive properties again. But the company’s young life may give some insight into what we might expect here.
Read MoreLakefront megasite – for housing or distribution hub? Read More »
Four days after receiving City Planning Commission approval for one transit-oriented development project, an Indianapolis-based developer will ask to buy land from the Greater Cleveland Regional Transit Authority (GCRTA) for its next proposed apartment building at a west-side train station. This time, Flaherty & Collins wants to build at GCRTA’s West Park station, 14510 Lorain Ave.
Read MoreWest Park GCRTA station housing planned Read More »
Carnegie Avenue in the 70s of Cleveland’s Midtown neighborhood was a mixed bag of speed, sin, steaks and seafood. And that applies to both the decade and the 10-block stretch of the East 70s along one of the busiest streets linking University Circle and Downtown. But today, the scene is changing quickly as the growth in jobs and residential development in those two hubs is spilling over to the place in between.
Read MoreCleveland’s Carnegie contains a comeback Read More »
