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Local projects may benefit from federal incentives

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Having too much office space, not enough housing inventory and tight private financing to address those conditions isn’t just a Greater Cleveland phenomenon. It’s a nationwide problem. So the federal government on Friday announced incentives to encourage the conversion of high-vacancy commercial buildings to residential use and develop surplus land owned by transit agencies.

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North Coast development authority launched

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With updated plans for redeveloping downtown Cleveland’s lakefront steadily rolling in like Lake Erie’s waves, the nonprofit development corporation charged with funding and implementing those plans also is coming together. Today, Cleveland Mayor Justin Bibb announced the initial board of directors for the new North Coast Waterfront Development Corp. (NCWDC) and its chair, David Gilbert, CEO of Destination Cleveland and the Greater Cleveland Sports Commission.

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North Coast plans updated, go public today

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In a virtual session held earlier today, the community got to see a refinement of plans for Downtown Cleveland’s lakefront that were first shared publicly in July, namely for the area near North Coast Harbor. The plans, showing stadium renovations, transportation investments and conversion of lakefront parking lots to year-round public uses, were developed and refined by a consulting team hired by the city and led by Field Operations, a public spaces design firm based in New York City.

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The Bell to ring people home in 2024

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At first, construction work at The Bell has a familiar ring to it. But this isn’t the usual conversion of a zombie office building in downtown Cleveland into residential or hotel uses. Instead, conversion of the former Ohio Bell Company headquarters, ongoing since July 2022, has been a different calling. What were once large, wide-open floors at the 16-story, 40-year-old office building have since been divided up into an average of 31 apartments per floor in the residential portions of the building at the southeast corner of Lakeside Avenue and East 9th Street.

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Depot on Detroit plans at RTA station unveiled

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Conceptual plans for a new apartment building to be located just west of the West Boulevard rapid transit station in Cleveland’s Cudell neighborhood were submitted to the city this week. Called the Depot on Detroit, it’s the latest in a series of new apartment buildings planned, under construction or built recently near stations on Greater Cleveland Regional Transit Authority (GCRTA) rail and bus rapid transit lines. These transit-oriented developments are intended to address poverty by shrinking the spatial disconnect between jobs and job-seekers caused by urban sprawl.

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Stark grounded as war erupts in Israel

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Greater Cleveland real estate executive Ezra Stark is grounded in Israel by the outbreak of war over the weekend, Stark confirmed to NEOtrans through a company spokesperson. He was scheduled to fly out Sunday but most airlines including all U.S.-based carriers have temporarily suspended flights to and from the Middle Eastern nation due to its worsening security situation following a surprise, massive attack Oct. 7 by the terrorist group Hamas.

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Ohio City’s largest build site: the Lutheran lot

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Sooner or later, development pressures will find their way to Lutheran Hospital’s huge surface parking lot on West 25th Street in Cleveland’s Ohio City neighborhood. All around the 5-acre Cleveland Clinic Foundation-owned Lutheran Hospital parking lot, investors have built on or have big plans for just about every available piece of land. Even an unstable hillside across West 25th is being reborn as Irishtown Bend Park. There isn’t much room to grow. So the Cleveland Clinic, Ohio City Inc. and others are trying to get a handle on how best to develop the Lutheran lot someday in the future while making sure Clinic employees still have a place to park.

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Seeds & Sprouts 33 – Sankofa Village Phase 4 coming, West 48th gets more townhomes, So might Midtown, Intro adding salon

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Sankofa Village will be adding its fourth, final phase in Cleveland’s Central neighborhood. An extra space just off West 48th getting more townhomes. One Midtown Luxury Townhomes seeks expansion. And Intro gains national beauty salon chain as tenant.

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Cleveland seeks developers of JFK High

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With demolition underway at the 14-acre former John F. Kennedy High School and Recreation Center site in Cleveland’s Lee-Harvard neighborhood, nearby residents may wonder what’s going to reactivate this large property. City officials began taking steps yesterday to answer that question by inviting real estate developers and others to express their interest in the site, 17100 Harvard Rd., just east of the Lee-Harvard Shopping Center.

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Getting empowered to shape Cleveland’s landscape

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Fourteen promising entrepreneurs from diverse backgrounds have been selected to participate in an innovative new real estate development program with a clear mission: to break down historical barriers and empower these individuals with the knowledge and tools needed to shape the future of Cleveland’s communities. The Cleveland Equitable Development Initiative, or CLE-EDI, will bolster the ranks of successful minority real estate developers in the region and to stimulate economic growth in the communities from which these entrepreneurs hail.

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