Tax abatement is the temporary elimination of real estate property tax, used to stimulate new development or redevelopment.
An example of this is The City of Cleveland’s 100%, 15-year property tax abatement program for all newly constructed homes, such as all units at The Avenue District. The Residential Tax Abatement Program was created as a tool [...]
Cuyahoga County commissioners have selected Cleveland’s downtown mall - home to the current Convention Center at 500 Lakeside Avenue - as the site for the $425 million convention center and medical mart development. This site is approximately two blocks from The Avenue District’s ten-story condo building at 1211 St. Clair Avenue.
According to the Jan. 22 [...]
Mortgage rates dropped again this week for the 11th straight week. Check out the Cleveland.com article below for details, including commentary from local financial and real estate professionals.
Mortgage rates plunge to a new low
Posted by Teresa Dixon Murray
Plain Dealer Reporter
January 15, 2009
“Mortgage rates plunged this week to a new low, dropping to an average of [...]
A prominent member of The Avenue District has recently completed a $15 million investment!
Check out the news below about the newly remodeled and enhanced DoubleTree hotel in Downtown Cleveland.
Downtown Cleveland hotel conversion complete
Michelle Jarboe, Plain Dealer Reporter
January 08, 2009
“The New Year marked the official conversion of downtown Cleveland’s Holiday Inn Select hotel into a DoubleTree.
A [...]