Cuyahoga County Council’s approval yesterday of a property sale to a New York City-based developer could lead the way toward a “significant” development in the heart of East Cleveland. The site, at Euclid and Superior avenues, is just one-half-mile from the eastern edge of University Circle and set between stations on the HealthLine bus and Red Line rail rapid transit routes.
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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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The beleaguered Broadway Avenue corridor in Cleveland’s Slavic Village could soon see new signs of life thanks to a federal grant that was awarded last week to the Greater Cleveland Regional Transit Authority (GCRTA). The $432,000 grant will allow the transit agency to develop plans to redesign the Broadway corridor from the Turney-Ella bus loop to downtown as a bus rapid transit (BRT) route with enhanced pedestrian and bicycle infrastructure. Once those plans are complete, it can then apply for federal funds to build that infrastructure.
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An Indianapolis-based real estate developer is seeking to build affordable apartments just west of the Greater Cleveland Regional Transit Authority’s (GCRTA) West Boulevard-Cudell rapid transit station on land owned by the transit authority. Today, the GCRTA Board approved giving that developer, Flaherty & Collins LLC, an option to purchase the land for the development of 60 to 80 apartments. The option, priced at $5,000, gives the developer site control so it can nail down financing and city approvals over the next year. If the developer needs more time, RTA can extend the option for another year for another $5,000.
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Representatives of a real estate development partnership have been making the rounds of near-west-side neighborhood block clubs to present conceptual ideas and get feedback for developing land next to the West 25th-Ohio City Red Line Station. But those same representatives caution there is no plan yet and there is no guarantee that anything will be built.
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Successful leasing of apartments at the INTRO mixed-use project is encouraging its developer to pursue a 15- to 16-story high-rise with its next phase of the Market Square development, across the street from the West Side Market.
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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?
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The latest entry in the frantic pace of development on Cleveland’s near-west side is Realife Real Estate Group’s The Pearl, a seven-story apartment building over parking and a retail space.
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Cuyahoga County has issued a request for proposals (RFP) for the disposition of a large piece of land that, if redeveloped, could help commercial activity in East Cleveland’s central business district.
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Putting more residents, jobs and services next to existing rapid transit boosts Greater Cleveland’s quality of life. More real estate developers are recognizing the value to them from investing next to transit, as well as the growing number of public incentives to make those investments. In 2019, Mayfield Station Apartments was rising next to the new Little Italy-University Circle Red Line rail station. More developments like this are happening at more stations in Greater Cleveland
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