Development projects in Shaker Square and elsewhere in Greater Cleveland that have languished in recent years are showing signs of life again. That new energy is thanks in part to new state funding that was awarded to make their development sites ready for construction and renovation.
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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 »
One day after NEOtrans broke the news that the Cleveland Browns’ home games would be moved from Downtown Cleveland to a proposed domed stadium in suburban Brook Park (and why), the football team’s owner Haslam Sports Group has made it official.
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Starting Sunday, the Greater Cleveland Regional Transit Authority (GCRTA) will restart regular service on the light-rail Waterfront Line in Downtown Cleveland, a 2.2-mile extension of the Blue/Green lines from Shaker Heights. But the service will be limited to weekends and most federal holidays only, and then from just 9 a.m. to 7 p.m.
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The Greater Cleveland Regional Transit Authority (GCRTA) needed $16 million from the Federal Transit Administration (FTA) to rebuild eight of its stations in Shaker Heights along the light-rail Blue Line. Not only did GCRTA get the full $16 million, it got the money it needed on the first try. That’s a big win considering the FTA received nearly $1.1 billion in requests nationwide for the $343 million in stations funding available this year.
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Six housing developments in Cuyahoga County won federal Low-Income Housing Tax Credits (LIHTCs) yesterday from the Ohio Housing Finance Agency (OHFA), improving their chances of seeing construction in the near future. Those projects and 23 others elsewhere around the state received conditional LIHTC commitments. Developers will use those awards to leverage additional financing in the creation or rehabilitation of rental housing for low- to moderate-income Ohioans.
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When the Greater Cleveland Regional Transit Authority (GCRTA) acquired new Italian-built Breda trains for its Blue and Green light-rail lines linking Shaker Heights and downtown Cleveland, Jimmy Carter was still in the White House. It was only a few years later, in Ronald Reagan’s first term, when GCRTA received new Japanese-made Tokyu trains for its heavy-rail Red Line between Cleveland Hopkins Airport and Windermere. GCRTA is still relying on trains that predate the mullet. To say that these trains are due for a replacement is an understatement.
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After months of work, Bedrock Real Estate of Detroit and its masterplan architect David Adjaye Associates of Ghana today released their vision for the Cuyahoga Riverfront below Tower City Center in downtown Cleveland. The $3.5 billion vision would add more than 3.5 million square feet of mixed uses next to the former railroad passenger terminal turned shopping center. It’s the latest in a century’s worth of ambitious visions of the waterfront closest to Public Square.
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Last week, a large, Chicago-area investment firm that reinvigorates multi-family properties acquired two aging, mid-rise apartment complexes on Shaker Boulevard just west of Cleveland’s Shaker Square for $12.4 million, according to public records.
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