June 29, 2010

Cleveland Redevelopment Train Keeps Rolling On.. with Hotels

The face of E. 9th St. through the heart of Cleveland got another boast this week as the Schofield Building redevelopment project was awarded a $5m state historic tax credit. The redevelopment concept includes bringing a Kimpton Hotel to Cleveland, which would the first in Ohio, and adding a first floor restaurant and high-end apartments. The property has a very visible location at the corner of E. 9th and Euclid.

This is great news for the continuing makeover of the Euclid Corridor. We wonder, however, whether there are plans for too many hotels. As we blogged previously, Optima International may be looking at redeveloping the Huntington Building (which is on the other corner from the Schofield) as a hotel, at least in part, and the project on Cleveland's east bank in the Flats includes a hotel as well. Either way, one can't shake the good feel walking the streets of Euclid and 9th. There are good things happening - let's just hope it doesn't get "too good" like three years ago.


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