Downtown Cleveland’s glimmers of hope

Ken Prendergast / July 17, 2024

While it seems like foot traffic is up in Downtown Cleveland since the pandemic four years ago, different organizations that measure the city’s central business district’s economic performance have numbers backing up that perception. And that’s also reflective of increased numbers of workers returning to their offices and more residential conversions and occupancies as well. But those numbers are still far from robust.

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Erieview Tower redo faces setbacks

Ken Prendergast / June 14, 2023

Despite winning $23 million in tax credits to enable a $100 million historic and transformational redevelopment of the Tower at Erieview, two major proposed tenants are reportedly backing out of the project. Conversion of the 1964-built, 40-story office tower and its Galleria mall, 1301 E. 9th St., into a mixed-use complex could be facing an uphill climb with the apparent withdrawal of a luxury W Hotel and co-working chain Industrious.

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TMUDs – taking more time

1 Comment / Ken Prendergast / January 27, 2022

It’s going to be a little while longer before the developers of 42 projects, many of them megaprojects, across the state learn whether their project is going to win a golden ticket and get a big step closer to their own groundbreaking ceremony.

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Nine of 42 TMUD applications are from Greater Cleveland

2 Comments / Ken Prendergast / November 3, 2021

In Greater Cleveland, there were nine TMUD applications for real estate development projects. Five are located in the city of Cleveland with one each in Shaker Heights, Lakewood, Elyria and Mentor.

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