Erieview Tower, LLC led by the Kassouf family wants $9,339,623 for the renovation and conversion of downtown Cleveland’s 40-story Erieview Tower into 227 apartments, 300,000 square feet of offices, a 210-room luxury W hotel and a rooftop restaurant.That includes the 24-story Artisan apartment tower now under construction, a public parking garage, commercial/retail pedestal with hotel above it and the residential portion of Library Lofts. UC City Center, LLC has applied for $19 million for Circle Square Phase 1 which involves just about everything they are building on the west side of Stokes Boulevard between Euclid and Chester avenues in Cleveland’s University Circle, according to Midwest Development Partners Chief Operating Officer Steve Rubin.The site is on the east side of downtown Cleveland. But those five properties total just under 300,000 square feet. is requesting $8,562,068.31 for the CC Superior Redevelopment centered around the relocated Cross Country Mortgage headquarters in multiple historic buildings at 2104 Superior Ave., 2110 Superior Ave., 2140 Superior Ave., 2152-2160 Superior Ave., 2202 Superior Ave., and 2230 Superior Ave. CC Superior Holding LLC headed by Cross Country Mortgage President Ronald Leonhardt, Jr.in the Hingetown section of Cleveland’s Ohio City neighborhood. Bridgeworks LLC comprised of M Panzica Development and Grammar Properties is seeking $7,944,817.92 for Bridgeworks, a planned 16-story tower with 170 apartments, 130 hotel rooms, mid-tower restaurant and ground-floor retail at 2429 W.State officials said they would favor projects that are almost ready to go and need the TMUD credit merely to get over the finish line.
Of that, $80 million is available for real estate development projects in Ohio’s six major cities with 100,000+ people and $20 million for general applications in smaller cities. There were 42 applicants for $100 million in tax credits statewide per year. There are a lot of numbers to break down in the applications. Project applications had to be submitted to the state at the end of the business day Oct.
Responding to a public records request from NEOtrans, the Ohio Department of Development supplied to NEOtrans a complete list of all applications to the new Transformational Mixed Use Development (TMUD) tax credit program. CLICK IMAGES TO ENLARGE THEM 5 are in Cleveland, 1 each in Shaker Hts, Lakewood, Elyria & Mentor
NEOtrans received a list of applicants today and is sharing that list publicly (CurbedLA). Applications to the Ohio Department of Development’s new Transformational Mixed Use Development tax credit program were submitted last week that could put more construction cranes over Ohio’s largest cities and even some smaller municipalities.
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