City staffing shortage threatens some Cleveland projects

Ken Prendergast / February 17, 2023

At the start of 2024, the city of Cleveland’s new tax abatement policy will go into effect. While the policy will remain basically unchanged for much of the city, it will become less supportive of developments in neighborhoods where construction has been most active — University Circle, Ohio City, Tremont and parts of downtown. So, in those areas, developers are trying to expedite the delivery of projects before the 15-year property tax abatement on new developments declines from 100 percent to 85 percent. But there’s something standing in the way of that acceleration: a lack of city staff to get projects approved in time.

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East Cleveland on track for $100M project

Ken Prendergast / February 16, 2023

Cuyahoga County Council’s approval yesterday of a property sale to a New York City-based developer could lead the way toward a “significant” development in the heart of East Cleveland. The site, at Euclid and Superior avenues, is just one-half-mile from the eastern edge of University Circle and set between stations on the HealthLine bus and Red Line rail rapid transit routes.

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MLK Plaza bought by DC developer

Ken Prendergast / February 16, 2023

Continued redevelopment of Cleveland’s Hough neighborhood was put into play last week following the acquisition of 4.45 acres of property which has hosted the Martin Luther King Jr. Plaza, 9300 Wade Park Ave., since 1972. Purchasing the MLK Plaza on Feb. 6 for $2.75 million was an affiliate of Northern Real Estate Urban Ventures (NREUV), according to Cuyahoga County records.

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EY moving across downtown

Ken Prendergast / February 14, 2023

Although rumored for weeks, the announcement that EY (formerly Ernst & Young) is moving its offices out of one of only two trophy-class buildings in downtown Cleveland still came as a surprise to some longtime real estate executives. The 23-story office tower at 950 Main Ave. at Flats East Bank that bears Ernst & Young’s name has been one of downtown’s most expensive and successfully leased since it opened in 2013.

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Clinic unveils Innovation District buildings

Ken Prendergast / February 14, 2023

Two years ago, Gov. Mike DeWine announced hundreds of millions of dollars to launch the Cleveland Innovation District — a program to advance health care, research and related activities in the Greater Cleveland area. This week, one of the largest and most visible outcomes of that initiative will be unveiled in the form of plans for the Cleveland Clinic Foundation’s next phase of its Global Center for Pathogen and Human Health Research at its Main Campus in Cleveland’s Fairfax neighborhood.

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Bedrock lays out riverfront plan, steps

Ken Prendergast / February 13, 2023

At the City Planning Commission’s design-review meeting starting 9 a.m. Friday, representatives of Detroit-based Bedrock are scheduled to present more of its vision for downtown Cleveland’s riverfront below Tower City Center. In addition to showing renderings of the buildings and public spaces, Bedrock’s architectural team led by Adjaye Associates will lay out a schedule and a menu of items needed for building the infrastructural foundations to support the ambitious riverfront plan.

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Downtown Lakewood back to drawing board

Ken Prendergast / February 11, 2023

After two years of seemingly endless meetings surrounding the redevelopment of Lakewood’s former hospital site, Roundstone Insurance has not only left the development project but decided to leave the inner-ring suburb entirely. Currently located in the former First Church of Christ Scientist, 15422 Detroit Ave., the headquarters of this fast-growing insurance firm with up to 240 employees and $17.5 million in annual payroll is due to leave Lakewood in April 2024, according to Mayor Meghan George’s administration.

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Oracle/Cerner to open Cleveland training center

Ken Prendergast / February 10, 2023

Cerner Corp., a healthcare division of software giant Oracle, is planning to open a training center at 3121 Euclid Ave. near downtown Cleveland that could accommodate hundreds of people in classrooms simultaneously. The proposed training center speaks to Oracle/Cerner’s growing presence in Greater Cleveland and the addition of another major healthcare employer to the region’s economy.

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Ohio, planning orgs plan Amtrak expansions

Ken Prendergast / February 9, 2023

While Gov. Mike DeWine made the big news this week about Ohio seeking federal money to plan for and pursue Amtrak passenger rail expansion on two Cleveland-based routes, those aren’t the only routes that will be pursued. The Northeast Ohio Areawide Coordinating Agency (NOACA) also confirmed today that it will be seeking funds for similar plans but for several other routes ending in Cleveland. If realized, the services that could result from those expansions would turn downtown Cleveland into a mini-hub for Amtrak.

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Ohio City development to expand south of tracks

Ken Prendergast / February 8, 2023

Opportune Development LLC, an affiliate of ARPI LLC, is seeking to build a three-building project called Hub 27 one block west of West 27th Street and south of the railroad tracks in Cleveland’s Clark-Fulton neighborhood. While there has been much development activity on the east or Tremont side of West 25th south of the tracks, this is the first major development to push south of Ohio City into the Clark-Fulton side of West 25th.

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