An condo challenge on Cleveland’s Scranton Peninsula, the residential conversion of a downtown workplace constructing and Cleveland State College’s plan to redevelop Rhodes Tower will get a lift from state grants for property clean-up and remediation.
Gov. Mike DeWine’s administration introduced $88 million in grants Friday, Dec. 16, within the third spherical of awards from Ohio’s brownfield remediation program. Greater than 1 / 4 of the cash — simply over $24.8 million — will move to 14 tasks scattered throughout Northeast Ohio.
“Eradicating these eyesores and cleansing up blighted properties will assist make means for brand spanking new and thrilling alternatives in our state,” DeWine stated in a Friday afternoon information launch.
The Ohio Division of Improvement has exhausted the almost $350 million price range for this system, which was created by the legislature final 12 months. Officers introduced the primary two batches of winners in April and June, after giving each county an opportunity to safe $1 million.
Finally, tasks in 83 counties sought and acquired funding. Solely Ashland, Holmes, Madison, Meigs and Mercer didn’t submit functions.
“We’re thrilled for all of those tasks to have the ability to transfer ahead with their cleanup and redevelopment, thanks to those grants from the state,” stated Ken Kalynchuk, a director and principal with Challenge Administration Consultants, a Cleveland-based agency that assisted 5 of the ten successful third-round candidates in Cuyahoga County.
The most important native winner was an affiliate of the NRP Group, a Cleveland-based developer that secured greater than $6 million in cleanup funds for land on Scranton Peninsula. NRP plans to construct a 316-unit condo challenge on the east facet of Carter Street, on long-vacant property.
The Okay&D Group received greater than $4.6 million for asbestos abatement and a few inside demolition at 700 Prospect Ave., a nine-story downtown Cleveland workplace constructing that was the longtime headquarters of the United Church of Christ. Willoughby-based Okay&D, which purchased the constructing in Could, plans to remake it as 120 flats and first-floor industrial house.
In Medina County, an investor group led by actual property dealer Rico Pietro landed a $3.6 million grant to scrub up a former manufacturing unit at 700 Liverpool Drive in Valley Metropolis. The traders, who took management of the 30-acre web site by way of a foreclosures course of, should take away 104,000 sq. toes of contaminated concrete from the constructing earlier than it may be reused, based on a state challenge abstract.
The Euclid Avenue Improvement Corp., an actual property growth affiliate of Cleveland State College, received a $3.36 million cleanup grant for Rhodes Tower. The cash pays for asbestos abatement and selective demolition. The college’s newly launched grasp plan requires redeveloping the 21-story tower as pupil housing, as a part of a possible $150 million challenge.
In Cleveland’s Midtown neighborhood, the proprietor of the huge Masonic Temple acquired a $1.5 million grant for asbestos abatement and different enhancements. In 2020, Beaty Capital Group introduced a take care of Dream Resort Group to redevelop the broader web site, which incorporates a big parking zone, with a resort, convention house, eating places and a parking deck.
A $1.4 million grant will go towards one other Midtown cleanup challenge, on a 2.4-acre web site south of Euclid Avenue, wedged between the Pierre’s Ice Cream Co. manufacturing unit and railroad tracks. State company data hyperlink the applicant, Civic Property Improvement LLC, to Ronn Richard, the president and the CEO of the Cleveland Basis, which is enjoying a significant function in shaping new growth within the space.
“Whereas there are at present no redevelopment plans, the property could possibly be developed into a variety of combined makes use of,” a state challenge abstract notes.
WXZ Improvement of Fairview Park received a virtually $1.4 million grant for remediation and inside demolition on the Monmouth Constructing, at 11619 Euclid Ave. in College Circle. The 1914-vintage apartment-and-retail constructing is vacant and poised for restoration as a part of a residential and industrial challenge.
In Middleburg Heights, Brixmor Property Group secured a $1 million grant for clean-up and demolition at Southland Buying Heart. The true property funding belief plans to show a three-story constructing on the western finish of the positioning into 140 flats, with a first-floor café.
Two smaller cleanup grants — $812,900 and $643,595 — will go towards redevelopment of a former Ashtabula division retailer as housing, retail and self-storage and to the demolition and remediation of buildings in Solon to make means for a mixed-use challenge known as Downtown Solon.
The remaining 4 native grants, totaling simply over $391,000, are for property assessments — two in Cleveland and two in Medina County. The Cleveland websites slated for research are a part of Bedrock’s riverfront land behind Tower Metropolis and a former dry-cleaning constructing on Lexington Avenue, on the East Aspect, that’s earmarked as the long run dwelling of the Cleveland Print Room.
