downtown Cleveland

Getting Tower City on track

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When you have an opportunity to expend the same or similar effort and money that would achieve the better of two outcomes, why not pursue the better outcome? That’s the decision Greater Cleveland has yet to make when looking at a transportation ingredient to two major waterfront development masterplans. One is the downtown lakefront development led by the Haslam Sports Group. The other is the Tower City Riverfront development led by Bedrock Real Estate. Both are supported by civic organizations and all levels of government.

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Downtown project wins financing

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With financing now in hand, look for demolition and construction work to start this summer for the Residences at Bolivar, 1060-1124 Bolivar Rd., in downtown Cleveland’s Gateway neighborhood. The work was made possible by Chicago-based JLL Capital Markets arranging $38.5 million in construction financing and co-general partner equity in the project from an affiliate of another Chicago firm, Leopardo Companies. JLL Capital Markets announced the financing in a written statement this week.

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Brownhoist lifts a new future

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Some buildings are just walls, floors and a roof. Others have architecture, history and modifications that encourage visitors and tenants to crane their head or to look around each corner as they listen to their buildings’ curators tell stories and experiences about them. Its setting is among the reasons why the Brownhoist Building, 4403 St. Clair Ave., in Cleveland’s St. Clair-Superior neighborhood has become an idea-generating co-working space for artists.

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Greater Cleveland: poverty amid plenty

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Amid the good news in Ohio and especially in Greater Cleveland that unemployment has fallen to pre-pandemic lows is the harsh reality that inner-city joblessness remains high. This is despite thousands of jobs made available by economic growth and retiring Baby Boomers. Meanwhile, three-fourths of all available jobs are beyond the reach of public transportation or, where public transportation is fast and frequent, there are many jobs but few quality housing options.

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From Jersey barriers to Raptors on Public Square

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Out go the Jersey barriers. In come the Raptors. That was the decision today by the Cleveland Planning Commission to redesign downtown’s Public Square from its 2016 redesign. In fact, the $3.5 million plan as approved would restore one aspect of the 2016 Public Square renovation which cost $50 million. That would be to restore the planned sharrows on both sides of Superior Avenue in the middle of the square. The approved redesign places 60 new bollards along the slimmed-down street which will remain bus-only through the square.

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As Duck Island fills, Berges goes SOLO

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Don’t tell Matt Berges that new home construction in the U.S. is in a 15-month-long slump. The owner of Cleveland-based housing development firm Berges Home Performance LLC will tell you that success depends on what you’re building and where. The where in this case is the near-West Side, specifically Duck Island, a neighborhood Berges helped rebuild. But it is running out of space for more new homes, prompting the 23-year-old firm to look elsewhere to satisfy an as-yet insatiable housing demand.

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Six local housing projects win tax credits

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Six housing developments in Cuyahoga County won federal Low-Income Housing Tax Credits (LIHTCs) yesterday from the Ohio Housing Finance Agency (OHFA), improving their chances of seeing construction in the near future. Those projects and 23 others elsewhere around the state received conditional LIHTC commitments. Developers will use those awards to leverage additional financing in the creation or rehabilitation of rental housing for low- to moderate-income Ohioans.

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Cleveland is seeing ‘brain gain’ – for a change

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For decades, Greater Cleveland has suffered from the loss of its college-educated citizens primarily to star-studded cities on the East and West Coasts. Now, for a change, this former industrial powerhouse on the North Coast is enjoying a net in-migration of more brain than brawn. And while the region is still seeing net outmigration of those without college degrees, the results are at worst uneven.

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The Standard hits the market

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Not all high-rise office and other commercial buildings in downtown Cleveland convert well to residential uses. And then there’s the historic Standard Building, 99 W. St. Clair Ave., which seemed a natural to become home to hundreds of people in the heart of the city. And now the timing is right for the company which bought and redeveloped The Standard to offer it for sale.

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Greyhound station may leave downtown

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Cleveland may soon join the list of medium- and large-sized cities whose central business districts have lost their Greyhound bus stations to less-accessible locations. And that’s of concern to low-income travelers, college students and others trying to save money or avoid the stress of driving while traveling to and from Cleveland’s station at 1465 Chester Ave., downtown.

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