development

Brownfield grants reveal progress on many projects

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Ohio Gov. Mike DeWine today announced $88 million in state support for 123 brownfield remediation projects that will help clean up hazardous and underutilized sites throughout the state. The Ohio Department of Development is funding the awards through the Ohio Brownfield Remediation Program, which is designed to clean up and prepare hazardous brownfield sites for redevelopment. The projects announced today will impact communities in 35 counties across the state.

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Amtrak Ohio expansion may bypass state government

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Several initiatives that are in their early stages may instigate passenger rail expansion to Cleveland before the state of Ohio decides to get on board. That could be welcome timing considering the Federal Railroad Administration will solicit applications next week for funding to begin the process for developing new and expanded passenger rail services.

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Dog daycare chain eyeing downtown

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A national dog daycare chain is eyeballing the Greater Cleveland area and may start by planting its flag in downtown Cleveland. Dogtopia franchisee and self-described dog lover Alex Mazzenga of Cleveland Heights is seeking to open a dog daycare business at the City Club Apartments, 776 Euclid Ave, according to a building permit application filed with the city this week. The investment necessary to build out the space, estimated by the permit at up to $1 million, shows there’s some serious puppy love involved.

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Phase 2 sought for Midtown apartment complex

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With the paint still drying on the first phase of a mixed-use development called The Foundry Lofts, 7240 Euclid Ave., Signet Real Estate Group is asking the city for approvals to begin construction on an apartments-only phase two. The reason for moving forward so quickly on expanding the Midtown Cleveland development is because both residential and commercial leasing activity for the first phase have been strong.

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Odeon, 3 other Flats parcels sold to developer

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The Odeon concert club, 1295 Old River Rd., was among four contiguous parcels on Cleveland’s Flats East Bank that were sold last week to Cleveland-based GBX Group, a real estate development financier which specializes in structuring financing for historic rehabilitation projects. However, when contacted by NEOtrans, a GBX representative said their plans for the site would not be officially announced for at least two months.

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Canon takes aim at Cleveland

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Three years ago, the first rumors of Canon seeking to increase its presence in Cleveland surfaced. NEOtrans couldn’t report all of the gory details back then because it would compromise a source. So some of the information was shared once it became publicly available. But the rest of the information can be shared now that the Japanese imaging company let the cat out of the bag that it’s putting the headquarters for Canon’s newly created Canon Healthcare USA Inc.’s subsidiary in Greater Cleveland.

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Four NE Ohio projects win TMUD credits

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In the first round of Ohio’s Transformational Mixed Use Development (TMUD) tax credit program, more than half of the major-city credits went to Cleveland. Today, more than half of those credits went to just two projects in Columbus. That left enough TMUD credits to benefit two projects in Cleveland — the Erieview redevelopment in downtown Cleveland and the Circle Square megaproject in University Circle. Unfortunately, that also meant that several other projects in Cleveland and Cuyahoga County were left out.

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Bridgeworks seeks options after 2nd TMUD snub

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The development team that has sought to build the high-rise Bridgeworks development, 2429 West Superior Viaduct, in the Hingetown section of Ohio City is left with more questions than answers today after being left off the awards list for Ohio Transformational Mixed Use Development (TMUD) tax credits the second time. The Ohio Tax Credit Authority is making its decision on TMUD award winners and losers today, but information about other applicants was not yet available.

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Up to $10M coming to Irishtown Bend Park

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In a project beset with hurdles — primarily centered around money — the effort to move forward on developing the 23-acre Irishtown Bend Park in Cleveland’s Ohio City neighborhood got a big financial boost today. That boost came from a $5 million challenge grant from the Jack, Joseph and Morton Mandel Foundation. If enough donations are received by the end of 2024 to match the challenge dollar-for-dollar, it could generate up to $10 million.

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