Circle Square

Circle Square: looking ahead

When Circle Square won a megaprojects tax credit earlier this month from the state, it helped set the financial foundations for the next structures in the massive undertaking in Cleveland’s University Circle. Already, Circle Square’s developers have forever changed the skyline of Cleveland’s second downtown. But more is about to come along Stokes Boulevard, between Euclid and Chester avenues.

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Megaproject candidates — a partial list

While a complete list of applicants for so-called “megaproject” tax credits won’t be available until sometime next week, NEOtrans has learned who a few of the local applicants are and aren’t, including at least one surprise. The deadline was today at 5 p.m. for submitting applications to the Ohio Department of Development for the second round of Transformational Mixed Use Development (TMUD) tax credits that could total $100 million.

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Local megaprojects win, miss TMUD awards

Today, the five-member Ohio Tax Credit Authority board awarded $100 million in tax credits to Transformational Mixed Use Developments (TMUD) to 13 applicant projects throughout Ohio. Of the 42 projects statewide and nine from Greater Cleveland that were submitted for credits, four received a total of $53 million in funding.

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TMUDs – taking more time

It’s going to be a little while longer before the developers of 42 projects, many of them megaprojects, across the state learn whether their project is going to win a golden ticket and get a big step closer to their own groundbreaking ceremony.

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Is Downtown Cleveland in Target’s bullseye?

The upscale discount retail giant Target is in expansion mode. It is focusing on locations in downtowns, near colleges and dense suburbs for small, urban-format stores. But will downtown Cleveland or perhaps University Circle be under consideration?

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Mayfield Station Apartments next to Little Italy-University Circle Red Line

Circle Square, Ohio City, Van Aken District, Woodhill Station show what’s possible

Putting more residents, jobs and services next to existing rapid transit boosts Greater Cleveland’s quality of life. More real estate developers are recognizing the value to them from investing next to transit, as well as the growing number of public incentives to make those investments. In 2019, Mayfield Station Apartments was rising next to the new Little Italy-University Circle Red Line rail station. More developments like this are happening at more stations in Greater Cleveland

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