Last evening, a new Cleveland Housing Investment Fund (CHIF) was launched when Cleveland City Council passed legislation that requires the city to provide financing to the new fund. The city’s $18 million commitment leverages $20 million pledged by Cleveland-based KeyBank to boost the development of mixed-income rental housing and home ownership opportunities.
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A George family-owned billboard that metastasized into three as a result of a 2023 court settlement has found its third and final landing spot in Cleveland. That third billboard site is a piece of a city-owned parcel on the Opportunity Corridor near Quincy Avenue that is unlikely to be developed with any other uses, according to a city official. Title to the land will be transferred to the Georges.
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As Case Western Reserve University (CWRU) approaches its 200th anniversary, just two years away, the growing college has just one megaproject on its syllabus for Cleveland’s University Circle — the $300 million Interdisciplinary Science and Engineering Building. So CWRU’s bicentennial legacy is to do what it has often done — prudently build when it needs to, not when it wants to. Even so, news of what the university is not building may come as a surprise.
Read MoreCWRU’s South Residential expansion stops Read More »
Ricardo León gained something by losing something. He lost the prefix “Interim” prior to his title of “President” of the Cuyahoga Land Bank, a private, nonprofit government entity whose mission it is to acquire properties, return them to productive use, reduce blight and increase property values in Cuyahoga County.
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After four years of going through multiple design iterations, it somehow seems natural that Bridgeworks finally got the OK today from the city to start construction — but only up to the second floor. To build above that, the project’s development team is going to have to come back to the city for design approval of the building’s top five floors. The team pledged it would do so — quickly.
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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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It’s been said before — many times; many ways. No, not “Merry Christmas.” But “We hope this is the final design for Bridgeworks.” And the Bridgeworks development team hopes to start site preparations by the end of next month with construction to follow — perhaps by the time chestnuts are roasting on an open fire at Christmas, by the way.
Read MoreBridgeworks – one more review ’til they’re through? Read More »
Cleveland’s City Planning Commission today gave unanimous support to the conceptual design of a proposed mixed-use high-rise in the University Circle neighborhood. If the project is able to move swiftly through the design-review process, the proposed 24-story East Stokes Tower at the southeast corner of Chester Avenue and Stokes Boulevard could see construction start as early as spring 2025.
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Three years after a development team planned a mixed-use project at the closed Dave’s Market, 3301 Payne Ave., in Cleveland’s Asiatown, some members of that development team are back to invest in that site again. This time, a $42.3 million development is proposed with a more focused approach on affordable housing atop ground-floor commercial and community uses.
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In two different ways, two Greater Cleveland public-sector organizations are stepping up to support the Cleveland Soccer Group’s (CSG) effort to build a $150 million, 12,500-seat soccer stadium just southeast of Downtown Cleveland. Tomorrow, the Cleveland Metroparks’ board will vote on whether to acquire land for the stadium while the Greater Cleveland Regional Transit Authority (GCRTA) is pursuing an amendment to its long-range plan to add a rapid transit station to serve the stadium area.
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