development

Next Woodhill Homes phase starts

Marous Brothers Construction is moving equipment onto the site today and are quickly beginning construction on Woodhill Center East, a $33.4 million development located at 11305 Woodland Ave. This phase of the Buckeye-Woodhill Transformation Plan will create 77 quality affordable apartments for families and help revitalize the Buckeye-Woodhill community, according to project backers.

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What we may see in 2023

When it comes to business, real estate and community investment, there’s a lot to look forward to in Greater Cleveland in 2023. Look no further than the new Canon Healthcare headquarters, Bedrock real estate’s riverfront plans, Midtown Cleveland developments, booming University Circle and its spillover into long-neglected neighborhoods, the next artist district in Cleveland, ballpark villages around our city’s sport venues, lakefront plans and projects, transit-oriented developments, plus the skyscrapers under construction downtown.

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Health Tech Corridor and University Circle

Cleveland Clinic sees a busy 2023

For several years, NEOtrans has been following the emergence, planning and development of major projects at the Cleveland Clinic Foundation’s Main Campus on the city’s East Side. In 2023, shovels will go into the ground for several of those projects which, in total, will rival the global health system’s last big building boom that occurred about 15 years ago. NEOtrans interviewed two Cleveland Clinic leaders to learn more about the Clinic’s $1.3 billion construction program.

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Postmortem on Medical Mutual’s HQ decision

The decision for Medical Mutual of Ohio to abandon its downtown Cleveland headquarters for suburban Brooklyn was apparently less of a strategic move and more of a matter of which city’s public incentives got used first. And according to a local real estate insider, it was a short-term decision that could end up biting the Fortune 1000 company and downtown in their hind ends in the long term.

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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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Old Brooklyn development plan wins support

Plans for redeveloping the northwest corner of Pearl Road and Memphis Avenue in the heart of Cleveland’s Old Brooklyn neighborhood were set in motion yesterday when a Pittsburgh-based architecture and development firm and its conceptual plan were selected by the Old Brooklyn Community Development Corp. (OBCDC). Desmone, OBCDC and other neighborhood stakeholders pledged to work together in the first quarter of 2023 to turn the proposal into an real project.

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Boost in historic tax credits benefits Ohio projects

Ohio announced state support for 54 rehabilitation projects that will restore 57 historic buildings across the state including eight redevelopment projects in Cleveland. According to state officials, the projects statewide are expected to leverage approximately $1.01 billion in private investment. The projects were awarded funding as part of the Ohio Historic Preservation Tax Credit Program (OHPTC), administered by the Ohio Department of Development. In total, 21 communities across the state are receiving awards, which total $64,132,847 in tax credits with $14.5 million of that going to Cleveland projects.

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Plans for $49M renovation, expansion of convention center revealed

Plans for renovating, expanding and converting the ill-fated Global Center for Health Innovation into additional meeting and event spaces for the Huntington Convention Center of Cleveland were made publicly available this week. They were released ahead of their scheduled review Thursday by the Cleveland Landmarks Commission. Those plans show Cuyahoga County would increase the size of the 120,000-square-foot, former global center, aka Medical Mart, by more than 23,000 square feet.

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GCRTA wins grant to build new East 79th Rapid stop

Early last year, the Greater Cleveland Regional Transit Authority (GCRTA) opened a new station at East 79th Street on its Airport-Windermere rail transit Red Line. Late next year, and less than 2,000 feet south, the transit agency could start construction on a new East 79th station on its downtown-Shaker Heights rail transit Blue/Green Lines. Both stations are seen as a key strategy to improve access for everyone to reach job sites being added along the new Opportunity Corridor Boulevard.

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