Despite recent departures from the project, development team members assured NEOtrans that the $100 million redevelopment of the Tower at Erieview in downtown Cleveland is still going forward. A big reason why is because the development team has gained a potent new member — an influential Cleveland-based law firm tied into active developer TurnDev and its financing arm TurnCap.
Read MoreErieview Tower project gains potent partner Read More »
Although a “groundbreaking” ceremony for the start of one of downtown Cleveland’s largest-ever building renovations may not happen until late summer, you may see work crews going in and out of the former Union Trust Bank, 925 Euclid Ave., even earlier. That’s because an interior demolition permit application was submitted to the city this week to prepare for construction work in converting the 1.4-million-square-foot behemoth into The Centennial, featuring nearly 600 apartments, 170 hotel rooms, plus retail, restaurants and a museum.
Read MoreMillennia’s Centennial due this year Read More »
Last September, construction crews in Cleveland’s University Circle appeared to be close to topping off a cast-in-place concrete podium within which a new, two-story Martin Luther King Jr. Branch Library will be built and, on top of that a nine-story apartment building will rise. In the seven months since, one full story has been added to the podium. And, according to the project’s development team, you won’t see new stories added above it until mid-summer. By just about anyone’s book, that’s a long time getting through a story.
Read MoreLibrary Lofts: on time despite appearances Read More »
In the first round of Ohio’s Transformational Mixed Use Development (TMUD) tax credit program, more than half of the major-city credits went to Cleveland. Today, more than half of those credits went to just two projects in Columbus. That left enough TMUD credits to benefit two projects in Cleveland — the Erieview redevelopment in downtown Cleveland and the Circle Square megaproject in University Circle. Unfortunately, that also meant that several other projects in Cleveland and Cuyahoga County were left out.
Read MoreFour NE Ohio projects win TMUD credits Read More »
Yesterday in Baltimore, Treasurer of the United States Chief Lynn Malerba awarded $5 billion worth of New Market Tax Credits (NMTC) nationwide, with $80 million of that to support real estate development projects Greater Cleveland. The projects are intended to be transformative by attracting private investment to create jobs in underserved communities.
Read More$80 million OK’d for Greater Cleveland development Read More »
Two months before its official groundbreaking is scheduled to be held, construction work has started on the next new building in Cleveland that’s big enough to put another tower crane in the sky over booming University Circle.
Read MoreLibrary Lofts construction starts Read More »
If you thought 2021 was busy real estate-wise, there is every indication that 2022 is going to be even busier. How busy? Take a look….
Read MoreThere’s much to look forward to in 2022 Read More »
The upscale discount retail giant Target is in expansion mode. It is focusing on locations in downtowns, near colleges and dense suburbs for small, urban-format stores. But will downtown Cleveland or perhaps University Circle be under consideration?
Read MoreIs Downtown Cleveland in Target’s bullseye? Read More »
When people in Cleveland’s real estate sector heard Kan Zaman will open a new location on the east side of downtown, their immediate reaction was — are they vacating the old site in Ohio City for a new development?
Read MoreKan Zaman expands, Ohio City parking crater endures Read More »
In Lakewood, a significant new apartment building is being added to the site plans for a $75 million revitalization of the historic Phantasy Theater and nearby buildings into a hub for Cleveland’s LGBTQ+ community.
Read MoreLarge apartment building planned in Lakewood Read More »
