mixed-use development

Erieview Tower financing done, work starts ASAP

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Closing of financing for the $218 million redevelopment of the 38-story Erieview Tower and Galleria redevelopment in Downtown Cleveland was announced today by two advisors to the project. The momentous occasion signals an immediate start for residential construction, although some of the remaining office tenants in the building told NEOtrans that site-prep work is already underway.

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Browns move a step closer to Brook Park

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The owners of the Cleveland Browns football team have completed the next part in the process toward building a new enclosed stadium in suburban Brook Park, officially executing a clause in a land purchase agreement to acquire the site. The site at 18300 Snow Rd. in the Cleveland suburb will not only house the new Huntington Bank Field enclosed stadium, but also a planned, adjacent mixed-use development.

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2025 is the year Cleveland returns to the office

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For better or worse, for richer or poorer, many of us are about to rediscover our relationship with the office. Some of us never left. Others left and aren’t coming back. But an increasing number of Americans and Greater Clevelanders will be coming back to the office in 2025, for the first time since the COVID-19 pandemic caused employers to dabble with remote or hybrid working.

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Haslams respond to Cleveland mayor’s ‘Modell’ letter

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Ten days ago, NEOtrans broke the story that the city of Cleveland intended to pursue invoking “the Modell Law” against the Cleveland Browns in order to make them keep playing their home games within the city limits — and especially Downtown Cleveland. Today, the Cleveland Mayor Justin Bibb sent a letter to the Browns’ owners outlining the terms of how the city intends to do that. And now the Browns’ owners have responded.

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Ex-Medical Mutual HQ sale amount ‘A great deal’

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Although the buyer of the former Medical Mutual of Ohio headquarters in Downtown Cleveland publicized earlier this month it had closed on its purchase financing, they declined to reveal the transaction amount at that time. But that amount became public when the deed transfer was filed with the Cuyahoga County Fiscal Officer on Christmas Eve.

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Historic Carriage Co. project in Ohio City advances

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A slew of construction permit applications were submitted to the Cleveland Building Department last week for the redevelopment of the former Voss Industries plant, 2168 W. 25th St., in Cleveland’s Ohio City neighborhood. This $63.4 million project along with a planned bus rapid transit corridor on West 25th promises to expand the vibrancy of the Market District farther south.

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City to invoke Modell law against Browns move

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Cleveland City Council President Blaine Griffin confirmed this week that the city will invoke the state’s Modell Law to stop the Cleveland Browns from leaving the city for a new stadium site in suburban Brook Park. He also said the city and county are in a joint effort to keep the team playing its home games downtown with Cuyahoga County Executive Chris Ronayne leading the fight.

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Projects OK’d for affordable housing loan, credits

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In Cleveland, one east-side housing development and one west-side development are set to receive 4-percent Low Income Housing Tax Credits (LIHTC) from the Ohio Housing Finance Agency (OHFA). The agency announced that determination yesterday in a spreadsheet posted on its Web site. A third project won a $1.75 million OHFA loan, OHFA said in a written statement released today.

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