As older Cleveland homes continue to age beyond repair, reactivating a vacant or abandoned property can feel like taking one step forward while the neighborhood takes two steps back. In Glenville, Hough, and Buckeye-Shaker, CHN Housing Partners is reversing that momentum — filling empty lots by the dozen.
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As the new year opens to a snowy start, a flurry of local construction activity is bringing four ongoing senior apartment projects totaling over 200 units closer to completion. A fifth, the 55-unit Hough Senior Living, has started site preparation after closing on financing.
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Five years ago, NEOtrans reported that a development boom in Glenville’s Circle North district had reached nearly “every block.” Despite an economic environment which has slowed construction activity, that momentum seems to be making a comeback.
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From Downtown Cleveland to the suburbs to outlying cities in Northeast Ohio, nearly a dozen planned redevelopments of aging buildings were blessed with historic tax credits from the state. They were among 35 awards totaling more than $68 million to preserve dozens of historic buildings in 12 communities across Ohio.
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An ambitious and innovative plan to construct a high-tech cold storage facility for medical and pharmaceutical uses along the Opportunity Corridor Boulevard has secured the top prize in the first Cleveland Equitable Development Initiative (CLE-EDI) real estate developer pitch competition. The competition was spearheaded by Cleveland Development Advisors and Cleveland Neighborhood Progress.
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The economic development boom in Cleveland’s University Circle continues to be felt in the neighborhoods surrounding this epicenter of the local eds-and-meds jobs sector. Four new apartment development plans were revealed this week as they go on the design review docket at the City Planning Commission. Combined, all four projects could add more than 150 workforce housing units with many more in later phases.
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Back when Cleveland was an industrial powerhouse, few wanted to live near its dirty, noisy industries. Today, its largest source of employment is the education and health services sector — a cleaner industry to which it’s attractive to live within a short walk or bike ride. It is centered in and near University Circle, surrounded by long-neglected neighborhoods. But investment has been coming into those places — Hough, Fairfax, Glenville, Cleveland Heights’ Top of the Hill, and East Cleveland’s Circle East — bolstering them as neighborhoods of choice.
Read MoreCleveland development: what to look for in 2024 — University Circle Read More »
An historic building in Downtown Cleveland that housed Record Rendezvous, where the term “rock and roll” was reportedly first used to describe the genre, was awarded tax credits to aid in its restoration. It was among dozens of historic buildings across the state that were awarded credits today by the Ohio Department of Development.
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Fourteen promising entrepreneurs from diverse backgrounds have been selected to participate in an innovative new real estate development program with a clear mission: to break down historical barriers and empower these individuals with the knowledge and tools needed to shape the future of Cleveland’s communities. The Cleveland Equitable Development Initiative, or CLE-EDI, will bolster the ranks of successful minority real estate developers in the region and to stimulate economic growth in the communities from which these entrepreneurs hail.
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See the Glenville Branch library’s renovation plans, along with the proposed Cliff Hangers restaurant-bar on Clifton Boulevard. Meanwhile, Microcosm Publishing is expanding in Cleveland’s Lee-Miles neighborhood and PB Express trucking is planning a new shipping container terminal along the Big Creek in Old Brooklyn.
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