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‘Lakefront plan’ becoming ‘lakefront project’

One of the most important pieces of legislation regarding the future of Downtown Cleveland’s lakefront is working its way through Cleveland City Council. The proposed ordinance amendment, if passed at council’s next regular meeting Sept. 9, would codify the desired lakefront land-use features and set the city on a course to implement them. In other words, it would no longer be a lakefront plan, but a lakefront project.

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Hough groundbreaking set for Sept. 5

According to a public record located by NEOtrans, a groundbreaking ceremony is scheduled from 10 a.m. to 12 noon Sept. 5 for the redevelopment of a vacant 10-story apartment building at 9410 Hough Ave. in Cleveland’s resurgent Hough neighborhood. Kristi Halford, a spokesperson for the project’s development partners, confirmed the scheduled event in an e-mail to NEOtrans.

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Shaker Square sees $4.5M in updates, more planned

Two years ago this month, Cleveland Neighborhood Progress (CNP) and Burten, Bell, Carr, Inc. (BBC) acquired Cleveland’s historic but faded Shaker Square mixed-use district. Today, the new owners outlined what they considered to be significant work and investment in making capital improvements to the property and carrying out a retail strategy to restore vibrancy to the square.

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Market District Lofts in Ohio City to expand

On most other plots of land, adding 17 homes to it would be noticeable from the street. But if a proposed expansion of the Market District Lofts in Cleveland’s Ohio City neighborhood happens, it might be the most below-the-radar residential development in the urban core since The Residences at The Guardian condominiums opened downtown. And the same developer is involved in both.

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Downtown property owner penalized for tax credit ‘double-dipping’

A U.S. Tax Court judge in Washington D.C. has agreed with the Internal Revenue Service (IRS) in disallowing a $22.6 million tax deduction claimed by Corning Place Ohio, LLC for not building a 34-story vertical addition on top of its 19th-century Garfield Building, 1965 E. 6th St., in Downtown Cleveland. Senior Judge Albert George Lauber also sustained the IRS commissioner’s imposition of a 40 percent penalty for a “gross valuation misstatement” in seeking the deduction.

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Skyline 776 tower fills while under construction

When you first walk into the lobby of the Skyline 776 tower, 776 Euclid Ave., you realize you’re not in your usual Downtown Cleveland apartment high-rise anymore. Of the 11 downtown apartment buildings of 20 stories or more that preceded it, each has varying degrees of luxury or lack of same. And most tried to either highlight the architectural era in which they were built, or simply present the most modern appearances possible.

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Cuyahoga County cleans up with brownfield bucks

The Cuyahoga County Land Reutilization Corp., known simply as the Cuyahoga Land Bank, has secured multiple funding awards from the Ohio Department of Development’s Brownfield Remediation Program for demolishing more than 1,100 structures, mostly blighted single-family homes in Cleveland and East Cleveland. But there are also multiple funding awards for cleaning up polluted industrial sites so they can be redeveloped for new housing and jobs.

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