While only one proposed affordable housing development in Cuyahoga County was awarded the coveted 9 percent Low Income Housing Tax Credits (LIHTC) from the state, four others in the county got conditional approval, putting them in a good position to get financing in the near future. All five developments, if built, would add 247 total units of affordable housing in the county.
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The days may be numbered for the historic Lakewood Baptist Church, 14321 Detroit Ave., just east of Downtown Lakewood. A Cleveland-based developer has at least an option to purchase the property and has notified two tenants of the church-school complex of its pending redevelopment into senior apartments.
Read MoreLakewood church may be razed for senior apartments Read More »
When you’re in expansion mode, it’s a pretty good indication that you’re doing something right. Urban Community School’s (UCS) latest manifestation of it doing something right could soon appear at its growing campus in Cleveland’s Detroit-Shoreway neighborhood.
Read MoreUrban Community School plans new athletic facility Read More »
A partnership with the Cleveland Clinic has prompted a four-year-old biotech startup to relocate its headquarters to Cleveland from Durham, NC, one of the points of the Research Triangle. However, Lamassu Pharma, LLC, has yet to identify the location of its offices. The small firm hopefully will one day grow into a force for positive change in the pharmaceutical industry.
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Backers of a long-proposed soccer stadium in Downtown Cleveland have issued renderings, a video and a request for $90 million in public-sector financing to help support a $150 million, 12,500-seat stadium. The request is being publicized now because backers of the project are submitting a bid for a National Women’s Soccer League (NWSL) team next month and a stadium is an essential ingredient of the application.
Read MoreCleveland soccer stadium backers seek $90M in public funds Read More »
Today, the Berea Planning Commission is expected to approve the demolition of a house that’s the final structure to be cleared for a $221 million mixed-use development planned by the Cleveland Browns and majority owner the Haslam Sports Group. That last house sold for a premium compared to the 43 other single-family homes plus other properties parcels that were acquired for the 38-acre development site.
Read MoreBrowns acquire, razing last house for big Berea project Read More »
Cleveland-Cliffs has put to rest rumors of its headquarters leaving downtown Cleveland’s third-tallest skyscraper for new digs by expanding and extending its lease at 200 Public Square. Not only did Cliffs add more space in the tower to just over 100,000 square feet, but it extended its lease there by another 10 years, according to a spokesman for the building’s leasing agent, Colliers International Group Inc.
Read MoreCleveland-Cliffs commits to skyscraper Read More »
A local company with much development experience intends to deliver 52 apartments and multiple retail spaces among two buildings — an historic structure and a new building up to nine stories high at 11619 Euclid Ave. in Cleveland’s University Circle. WXZ Development Inc. of Fairview Park intends to build the new mixed-use structure on a tiny parking lot behind a renovated, landmark Monmouth Building.
Read MoreA ‘skinny-tall’ may rise in University Circle Read More »
As the old saying goes, “Show me your budget — I will tell you what you value.” Along those same lines, if you want to know what Cleveland city officials vs. the owners of the Cleveland Browns want from their returns on investment in the lakefront, show me your actions, not your words.
Read MoreDiffering views, values on Downtown Lakefront causing Browns to consider Brook Park Read More »
What does a quarterback like to do? Run a winning team and call his own plays. With that, Cleveland-area native and former football quarterback Dan Whalen is taking the snap from center this week by launching his own real estate development and investment firm — Places Development. Not only is the new firm based in Cleveland, Whalen said most of his business focus will be on Cleveland.
Read MoreOhio City is first site for Whalen’s new venture Read More »
