While numerous Ohio City developments are transforming historic buildings into new sources of activity, the popular Cleveland neighborhood continues to make progress on a series of new construction projects.
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Demolition crews started working this week to raze the former Cuyahoga County Engineers’ garage and lab complex at the northeast corner of the Detroit-Superior Bridge and West 25th Street for the long-planned, multi-family Bridgeworks development.
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A neglected building can drag down an entire block, but restoring an obsolete structure can do the exact opposite, creating renewed activity that cascades to nearby businesses. In Cleveland’s Ohio City neighborhood, a wave of renovation projects could serve as a model for preserving the city’s dwindling stock of historic buildings.
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Although each county in Ohio was limited to $1 million in Ohio Brownfield Remediation grants in this round of funding awards, Cuyahoga County made the most of it despite its voracious appetite for such grants as it repositions its former, massive industrial base in the post-industrial era.
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Along the Cuyahoga riverfront, several components of Bedrock’s $3.5 billion masterplan are starting to take shape in Downtown Cleveland. Furthest along is the Cleveland Clinic Global Peak Performance Center — the future practice facility for the Cleveland Cavaliers NBA team.
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In Cleveland’s Ohio City neighborhood, plans to erect two townhomes on a historic stretch of Fulton Road are progressing. The townhomes would fill a gap between two 20th-century structures currently used as a gravel parking lot in front of a small single-family home.
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A local real estate developer who has been involved in multiple, well-known projects is going to be getting busier after getting hired as a vice president of Independence-based brokerage and analytics firm Cushman & Wakefield – CRESCO Real Estate.
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While revitalization efforts since the 1990s have transformed Cleveland’s Ohio City into a vibrant urban destination, the demolition of vacant, abandoned, and fire damaged homes has scarred some blocks with empty lots. Construction of new “infill” development in the SoLo (South of Lorain) neighborhood is restoring the south side of Ohio City to its former glory — and in theory, creating an immediate source of property tax revenue.
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While new construction is often the most visible sign of development activity in a neighborhood, a trio of renovation projects is restoring historic structures in the heart of Cleveland’s Ohio City neighborhood with new retail spaces and modern amenities.
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Ten redevelopment projects in Cuyahoga County were awarded historic preservation tax credits today by the Ohio Department of Development. In total, those represent nearly one-third of all winning projects statewide and two Cleveland projects won the $5 million maximum of historic credits.
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