mixed-use development

Ohio megaproject applications released

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When real estate developer Bob Stark thought up the Ohio Transformational Mixed Use Development (TMUD) tax credit several years ago, he envisioned it as a means to transition from tapping historic tax credits for renovating old buildings in downtown Cleveland to afford building new ones. His rationale was that, with the supply of obsolete commercial buildings dwindling to provide new residential inventory, a new financial incentive would be needed to overcome Cleveland’s high construction costs and low rents to satisfy downtown housing demand.

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INTRO phase 2 gets a bit clearer

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After a developer entered a project design contest recently, it did more than just win some money. It also gave some insights into its next big construction project in Cleveland’s Ohio City neighborhood. But a spokesman for the developer, Harbor Bay Real Estate Advisors, cautioned that the basic design it submitted was merely a study of how the project’s second phase could be built in an innovative way.

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Five Iron Golf to fill four storefronts

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Downtown Cleveland’s Euclid Avenue is a bit of a dead zone between East 9th and East 12th streets, but it’s not for a lack of residential. Almost every building on both sides of the street were converted from offices to residential uses over the past decade. What silences this stretch of downtown’s historic main street is the scarcity of ground-floor activities.

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Great Lakes Brewing on the move

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A number of factors have come together to prompt the Great Lakes Brewing Co. to seek a relocation of its production facilities from its longtime location in the heart of Cleveland’s Ohio City neighborhood. Previously, the large craft beer brewer had considered expanding production to properties it acquired over the last four years along the Cuyahoga River on Scranton Peninsula in the Flats. Now it appears that it may move all of its production to the nearly 10-acre site.

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Van Aken District high-rises may start next month

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In a sudden development, a major real estate construction project that was rejected for state financial incentives earlier this year has found its salvation from its host city Shaker Heights. And not only were the planned high-rises in phase two of the Van Aken District blessed with city incentives, a proposed office building in phase three was also a beneficiary of the city’s generosity.

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Work starts on reviving 45 Erieview

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The wide variety of top-notch, on-site amenities will probably be the first thing to grab your attention at 45 Erieview. But the unobstructed views of Lake Erie and downtown Cleveland from the tower’s unique curving, glassy façade will stay in your memories. With this week’s groundbreaking for the renovation and conversion of the former Ohio Bell headquarters building, 45 East 9th St., those features are just 14-16 months away from being enjoyed by hundreds of residents, office users and restaurateurs.

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Woodhill Station West starts construction

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When the Porta-Potties show up at a new construction site, you know it’s for real. In the 9500 block of Buckeye Road in Cleveland’s Buckeye-Woodhill neighborhood, the construction equipment showed up today, too. They’re there to be a part of building the $46.4 million Woodhill Station West development that will bring 120 apartments offering modern housing and on-site amenities mostly to residents of the aging Woodhill Homes public housing complex just north of here. However 30 of the apartments will be offered to anyone who meets income guidelines.

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Two cranes, coming right up

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While work has started on installing the tower crane at Sherwin-Williams’ (SHW) headquarters construction site, the timetable has been set for the next one to rise in downtown Cleveland. That second crane will appear at the work site for the City Club Apartments near the end of August, according a spokesman for Cleveland Construction Inc. Tower cranes are considered by some to be a visual indicator of a city’s economic growth.

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