Cleveland Development Advisors (CDA) and Cleveland Public Market Corporation closed on a $28 million investment package on behalf of West Side Market’s transformation project. The package is the largest ever issued by CDA and will secure the remaining necessary funding for the West Side Market’s $53 million first stage of the project.
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With each new donation and grant, sponsors of the planned $45 million Irishtown Bend Park in Cleveland’s Ohio City neighborhood move closer to their fundraising goal. And today, they moved a lot closer with $10.8 million awarded by the National Park Service’s Outdoor Recreation Legacy Partnership (ORLP) Program.
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Shovels hit the soil yesterday at St. Ignatius High School in Cleveland’s Ohio City neighborhood in a groundbreaking ceremony for a renovated and expanded academic building to be called DiSanto Hall. The building, when complete in the Fall 2025, is being named for the project’s largest donor Fred DiSanto and his wife Brittan.
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A representative of a development partnership told the city’s Board of Zoning Appeals (BZA) yesterday that the long-awaited Bridgeworks development in Cleveland’s Ohio City’s neighborhood could “hopefully” see a groundbreaking ceremony by late summer. But there are still a few more hurdles to clear before that happens, including an appearance before the city’s Landmarks Commission in the coming weeks.
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In a continuing effort to create more affordable housing and transportation choices for Americans, the Biden-Harris Administration and the U.S. Department of Transportation’s Federal Transit Administration (FTA) yesterday announced $17.6 million in grants going to 20 communities in 16 states to support equitable Transit-Oriented Development (TOD). Greater Cleveland was among those communities.
Read MoreLorain Road corridor wins transit planning grant Read More »
A Cleveland icon may not be in Cleveland much longer. Executives and owners of Great Lakes Brewing Company (GLBC) are debating a significant relocation of most of its operations out to west-suburban Avon in Lorain County. The 200-employee company has been headquartered and its beer products brewed in Cleveland’s Ohio City neighborhood since its founding 35 years ago. But Avon’s mayor said an announcement may be made about the potential new site “in the coming months.”
Read MoreGreat Lakes Brewing move to Avon on tap? Read More »
Today the Cleveland port authority’s board of directors approved the hiring of an Ohio construction company for nearly $60 million to stabilize and rehabilitate the Irishtown Bend hillside, a project that is being done foremost to maintain the Cuyahoga River shipping channel. But the work also must be done before any construction can start on the 23-acre Irishtown Bend Park in Cleveland’s Ohio City neighborhood.
Read MorePort Board OK’s $60M Irishtown Bend stabilization Read More »
A 28,000-square-foot mixed-use development called 4732 Lorain is proposed at the west end of Cleveland’s Ohio City neighborhood offers to expand densification and neighborhood vibrancy west along Lorain Avenue. And, it would expand real estate developer and owner Jim Miketo’s investments west along that rapidly redeveloping thoroughfare as well.
Read MoreMiketo’s Lorain Ave stake growing Read More »
Despite the rise in interest rates, there continues to be strong demand for new housing in Greater Cleveland, especially in hot sub-markets like where Cleveland’s Detroit-Shoreway neighborhood meets Ohio City. In areas like that, homes sell for about 2 percent above the list price and get an accepted offer within nine days of going on the market, according to real estate analytics form Norada Real Estate Investments of California.
Read MoreAddressing the shortage of for-sale housing Read More »
A dense, mixed-use development in University Circle on Stokes Boulevard between Carnegie and Cedar avenues was set in motion today with the signing of a ground lease.
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