Lakewood – Page 3

Cleveland, Lakewood rehabs corner historic credits

Ken Prendergast / June 22, 2022

Several Greater Cleveland redevelopment projects in the works for years got a boost today when they were among the 38 projects awarded nearly $40 million in historic tax credits by the Ohio Department of Development. The awards were part of the Ohio Historic Preservation Tax Credit Program that is administered in partnership with the Ohio History Connection’s State Historic Preservation Office.

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Megaprojects program gears up for next round

Ken Prendergast / May 8, 2022

This week, the Ohio Department of Development announced that it is opening round two of its new and popular Transformational Mixed Use Development (TMUD) tax credits program on May 18. Authorized for four years with up to $100 million in tax credits available each year, the deadline for submitting TMUD applications for Fiscal Year 2023 is 4 p.m. July 8.

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Cleveland Heights, Lakewood projects win OKs

Ken Prendergast / May 4, 2022

Two major development projects in Cleveland’s inner ring suburbs won thumbs up last night but in two different ways. In Lakewood, City Council gave its unanimous approval to the framework for an agreement with a Columbus-based real estate firm for a proposed $90 million development at the former downtown hospital site.

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Lakewood, CASTO reveal hospital site plans

2 Comments / Ken Prendergast / March 30, 2022

Details of a $90 million proposed development of the city-owned Lakewood Hospital site were announced today by Lakewood Mayor Meghan George. The plan and the terms of the city’s draft agreement with a development team led by Columbus-based CASTO Communities now go to City Council for its review and possible approval.

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Ex-Lakewood Hospital site plan due in April

1 Comment / Ken Prendergast / March 11, 2022

Lakewood Mayor Meghan George’s office revealed today that an agreement for the redevelopment of the city’s ex-hospital site is being finalized and could be announced in April.

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Local megaprojects win, miss TMUD awards

12 Comments / Ken Prendergast / March 2, 2022

Today, the five-member Ohio Tax Credit Authority board awarded $100 million in tax credits to Transformational Mixed Use Developments (TMUD) to 13 applicant projects throughout Ohio. Of the 42 projects statewide and nine from Greater Cleveland that were submitted for credits, four received a total of $53 million in funding.

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Lakewood Spitzer site sold, groundbreaking this year

1 Comment / Ken Prendergast / January 29, 2022

Construction is due to start later this year on the first of two mixed-use developments on Detroit Avenue in Lakewood by a Columbus-based real estate firm.

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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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There’s much to look forward to in 2022

4 Comments / Ken Prendergast / January 5, 2022

If you thought 2021 was busy real estate-wise, there is every indication that 2022 is going to be even busier. How busy? Take a look….

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The 20 most-viewed news stories of 2021 on NEOtrans

Ken Prendergast / December 28, 2021

Personal experiences matter. That’s the lesson of why one news article gets opened and another article does not. It’s why the pending demolition of the Cleveland Play House was the most-read story of 2021. It got read because people went to see a show there once upon a time, not because it was the only Cleveland-area project designed by a Cleveland-area architect.

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