Two key public officials have, in recent days, suggested that Burke Lakefront Airport be closed down and replaced by a new Cleveland Browns Stadium and supportive developments, parking and public spaces. But if such an idea evolves into a serious project, it would also likely require making interim repairs to the existing stadium.
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Cleveland city officials followed through on a promise they made in early July when they announced they would be making the city-owned McCafferty Health Center property, 4242 Lorain Ave., available for redevelopment. Today, they issued a formal invitation to professional real estate development teams to respond to a Request for Qualifications (RFQ) to redevelop the site and address the need for affordable housing in the Ohio City neighborhood.
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One of the most important pieces of legislation regarding the future of Downtown Cleveland’s lakefront is working its way through Cleveland City Council. The proposed ordinance amendment, if passed at council’s next regular meeting Sept. 9, would codify the desired lakefront land-use features and set the city on a course to implement them. In other words, it would no longer be a lakefront plan, but a lakefront project.
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According to a public record located by NEOtrans, a groundbreaking ceremony is scheduled from 10 a.m. to 12 noon Sept. 5 for the redevelopment of a vacant 10-story apartment building at 9410 Hough Ave. in Cleveland’s resurgent Hough neighborhood. Kristi Halford, a spokesperson for the project’s development partners, confirmed the scheduled event in an e-mail to NEOtrans.
Read MoreHough groundbreaking set for Sept. 5 Read More »
Two years ago this month, Cleveland Neighborhood Progress (CNP) and Burten, Bell, Carr, Inc. (BBC) acquired Cleveland’s historic but faded Shaker Square mixed-use district. Today, the new owners outlined what they considered to be significant work and investment in making capital improvements to the property and carrying out a retail strategy to restore vibrancy to the square.
Read MoreShaker Square sees $4.5M in updates, more planned Read More »
Construction permit applications were filed this week with the city of Cleveland’s Building Department so contractors can start digging and installing foundations for the first phase of Bedrock’s Downtown Riverfront development. That first phase is the Cleveland Clinic/Cleveland Cavaliers Global Peak Performance Center, touted as one of the world’s largest training facilities.
Read MoreBedrock starts Downtown Riverfront phase one Read More »
Developers looking to transform their Ohio communities can now apply for funding opportunities through the Ohio Department of Development’s Transformational Mixed-Use Development (TMUD) program that awards up to $100 million in tax credits per round.
Read MoreLast round of megaproject tax credits opens Read More »
A U.S. Tax Court judge in Washington D.C. has agreed with the Internal Revenue Service (IRS) in disallowing a $22.6 million tax deduction claimed by Corning Place Ohio, LLC for not building a 34-story vertical addition on top of its 19th-century Garfield Building, 1965 E. 6th St., in Downtown Cleveland. Senior Judge Albert George Lauber also sustained the IRS commissioner’s imposition of a 40 percent penalty for a “gross valuation misstatement” in seeking the deduction.
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The Cleveland Browns have long been a cornerstone of Greater Cleveland, symbolizing community pride and excitement, and contributing to the local economy and cultural identity. While the current debate around the Browns’ future stadium is heavily focused on facility location and financial issues, it is crucial to recognize the team’s non-economic benefits, such as fostering civic pride, quality of life, regional unity, and shared traditions that bring people together.
Read MoreA strategic perspective of the Cleveland Browns Stadium Read More »
A successful business finds an unmet need in a market and fills it. According to Places Development founder and Managing Principal Dan Whalen, the lack of a hotel west of Downtown Cleveland to near Hopkins International Airport is just such a gap in the market. To fill that void, he is submitting plans for a new, eight-story boutique hotel at 1960 W. 26th St. in the Ohio City neighborhood.
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