In the coming weeks, the last vestiges of industry along a once heavily industrialized street are due to pass into history. What will replace it is the same thing that has replaced industrial uses along the rest of Breakwater Avenue in Cleveland’s redeveloping Gordon Square neighborhood — housing. Lots of housing.
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Although the buyer of the former Medical Mutual of Ohio headquarters in Downtown Cleveland publicized earlier this month it had closed on its purchase financing, they declined to reveal the transaction amount at that time. But that amount became public when the deed transfer was filed with the Cuyahoga County Fiscal Officer on Christmas Eve.
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Miceli Dairy Products is taking the first big steps toward its multi-phase expansion vision by unveiling plans for its $16 million first phase. But when all three phases are completed in the coming years, Miceli anticipates making a $128 million investment that will bring hundreds of new jobs to Cleveland’s Buckeye-Woodland neighborhood.
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A slew of construction permit applications were submitted to the Cleveland Building Department last week for the redevelopment of the former Voss Industries plant, 2168 W. 25th St., in Cleveland’s Ohio City neighborhood. This $63.4 million project along with a planned bus rapid transit corridor on West 25th promises to expand the vibrancy of the Market District farther south.
Read MoreHistoric Carriage Co. project in Ohio City advances Read More »
Although a conceptual plan for Fairview Hospital’s North Campus $150 million redevelopment won unanimous support from Cleveland Planning Commission on Friday, commissioners attached a few conditions to it. At the same meeting, the commission also recommended that Cleveland City Council approve rezoning the hospital’s properties with a more appropriate classification. The hospital is located at 18101 Lorain Ave. in Cleveland’s Kamms Corners neighborhood.
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Cleveland City Council President Blaine Griffin confirmed this week that the city will invoke the state’s Modell Law to stop the Cleveland Browns from leaving the city for a new stadium site in suburban Brook Park. He also said the city and county are in a joint effort to keep the team playing its home games downtown with Cuyahoga County Executive Chris Ronayne leading the fight.
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In Cleveland, one east-side housing development and one west-side development are set to receive 4-percent Low Income Housing Tax Credits (LIHTC) from the Ohio Housing Finance Agency (OHFA). The agency announced that determination yesterday in a spreadsheet posted on its Web site. A third project won a $1.75 million OHFA loan, OHFA said in a written statement released today.
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John Carroll University’s (JCU) transformative Gateway North project, a mixed-use retail and residential complex, has taken a significant step forward with approval from the University Heights City Council yesterday. Plans for the project had been under review by several city panels in this eastern Cleveland suburb for several months.
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Denver appears to have outbid its nearest rivals, including Cleveland and Cincinnati, for the 16th expansion team in the National Women’s Soccer League (NWSL). A Denver-based ownership group is reported to be exclusively negotiating a $105 million to $120 million fee to land the team — or roughly double the previous record high expansion fee of $53 million paid last year by a Boston group.
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Two panels of elected officials voted simultaneously last night to approve agreements authorizing the Downtown Lakewood development to start as early as Aug. 30, 2025. The $119 million mixed-use project will finally repurpose the former site of the city-owned Lakewood Hospital that closed in 2016 and has sat largely devoid of structures for five years.
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