Construction

Let’s do another one! Cleveland entrepreneurs of color to compete again

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After a successful inaugural effort of the Cleveland Equitable Development Initiative (CLE-EDI), the Cleveland Development Advisors (CDA) didn’t waste any time at all in deciding to pursue a second round of competitions. Applications open today for the CLE-EDI which aims to level the playing field for historically excluded developers of color.

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Watterson-Lake development awarded financing

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Key pieces of financing were awarded this week to a significant development planned on the south side of the intersection of Detroit and Lake avenues in Cleveland’s Detroit-Shoreway neighborhood. There, a 136-unit affordable housing project could see construction start by early next year on the site of the former Watterson-Lake Elementary School, 7407 Detroit Ave.

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Haslam’s mini-downtown – at Brook Park or Burke?

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The Haslam Sports Group plans more than a billion dollars worth of new development surrounding their proposed new domed stadium. But is that necessarily going to be in the Cleveland suburb of Brook Park? With an emerging effort by city officials to close and redevelop Burke Lakefront Airport, look for that site to be offered up as a location for the stadium and supportive development. Rumors are circulating that both could happen.

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Ohio Capital Budget’s Cuyahoga County projects

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Ohio Gov. Mike DeWine said he is eager to sign the largest capital budget in the state’s history. This $4.2 billion goody bag of Senators’ and Representatives’ gifts to their constituents was passed yesterday, resulting from a strong economy and robust tax revenues that fed a record budget surplus. In that goody bag are things ranging in size from $2,250 for the Solon Innovation Center to $20 million for Downtown Cleveland’s North Coast Connector land bridge.

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Downtown’s Rose Building to be hotel, apartments

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In a strategic collaboration that allows Cleveland’s urban gems to shine in a new light, Spark GHC and Cleveland Construction today announce a groundbreaking joint venture. Project Scarlet represents a significant commitment of $100+ million to transform a 400,000-square-foot office space, formerly Medical Mutual’s headquarters, into a dynamic mixed-use development.

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Big developer moving HQ to Chester in Midtown

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For more than 20 years, or roughly half of its organizational life, CHN Housing Partners’ headquarters has been in the same location at Cleveland’s Asia Plaza. But with a growing staff and a desire for more growth to increase the supply of affordable housing, it’s taking steps to move to larger, more visible quarters at 3711 Chester Ave. in Cleveland’s Midtown neighborhood.

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