The City of Bedford has reached a settlement agreement with University Hospitals (UH) that includes the transfer of the former Bedford Hospital site and surrounding properties to the city and a $2.1 million payment. This settlement ends a two-and-a-half year legal dispute stemming from UH’s controversial August 2022 hospital closure.
Read MoreBedford, UH reach settlement over hospital site Read More »
Faucet and fixture maker Moen Inc. is relocating is corporate headquarters from the western Cleveland suburb of North Olmsted to the northern Chicago suburb of Deerfield, IL by the summer of 2026, according to a press release and affected employees. It is not known how many of Moen’s 600-plus HQ employees are making the move but it appears that a significant number of them will.
Read MoreMoen moving its HQ to Chicagoland Read More »
Projects that have languished for half as long as the redevelopment of the Warner & Swasey factory, 5701 Carnegie Ave., were ultimately abandoned. But not this one and the reason is because just about anyone who follows redevelopment locally wants its catalytic reactivation for the benefit of Cleveland’s Midtown neighborhood.
Read MoreLong-sought Midtown developments have a pulse Read More »
Unfortunately, there are many places in Cleveland where crossing a wide, busy street is like being the frog in the video game Frogger. But having that be the case at the front door to a rapid transit station reduces the usage of that station. And it reduces the potential for that station to spur the development of housing, jobs and services within a short walk.
Read MoreTaking steps toward a more walkable Cudell Read More »
Except for one brief instruction, property-owning freight railroad CSX Transportation didn’t participate in a feasibility study for extending the Cuyahoga Valley Scenic Railroad’s (CVSR) passenger trains into Downtown Cleveland. But that instruction, described as “a gold-plated” request, forced the study team to conclude that the CVSR extension would not be feasible — for now.
Read MoreCSX makes CVSR downtown extension infeasible Read More »
Affordable housing developer Pennrose, LLC. is looking to build on the success of its other Cleveland-area projects with its next venture, this time on the city’s west side. The national developer is partnering with Ohio City Incorporated (OCI) to construct a 72-unit apartment building geared towards seniors and charging rents between 30 percent and 70 percent of the area’s median income.
Read MoreMcCafferty Center site to be senior housing Read More »
Although the grand-opening ceremony for the new Sherwin-Williams headquarters tower has been set, repairs to already finished areas are pushing occupancy of the tower months farther into the future. Some employees told NEOtrans they don’t expect to migrate over to the new tower until next fall.
Read MoreSherwin-Williams HQ grand opening set, tower isn’t Read More »
Mayor Justin Bibb’s administration is requesting an important amendment to the city’s riverfront tax increment financing (TIF) district that would do three things. One spells out exactly what infrastructure work would be done. A second would extend the 30-year TIF to 42 years. And the third and perhaps most controversial is that it would pledge undefined future TIF revenues to start infrastructure work now.
Read MoreCity seeks future TIF funds for Riverfront work now Read More »
Developer has no immediate plans for site Passersby took note of a new sign that has gone up this week on the old Singer Steel building, 2100 Random Rd. in Cleveland’s Little Italy. The sign is for an active local developer named TurnDev of Beachwood, leading those passersby to wonder what’s next for the former
Read MoreLittle Italy’s Singer Steel has new owner Read More »
Customers who have accounts at Flagstar Bank’s Downtown Cleveland branch received letters this week saying that the branch will be closing at the end of March and that all accounts will be moving to Flagstar’s Ohio City branch. But the $2.6 billion question is: why?
Read MoreDowntown Flagstar Bank closing; What does it mean? Read More »
