Hudson Holdings, in case you haven't been paying attention, has plans to restore the Gulf Stream hotel in Lake Worth, Florida. They're presently involved in a re-zoning request to move that project forward.
The Ohio Development Services Agency has scheduled a pair of news conferences for Wednesday [today], including an afternoon gathering that indicates that the winner of a big-ticket tax credit could be a downtown Cleveland project. [emphasis added][and. . .]
The agency, which oversees the state's popular historic tax-credit program, plans to announce its 15th round of awards at the Drexel Theatre in Bexley, east of Columbus. That event is scheduled for 9 a.m.
A second event is scheduled for 1:30 p.m. in downtown Cleveland, where two huge buildings - the former May Co. department store and the former Huntington Building at Euclid Avenue and East Ninth Street - are competing for a rare, $25 million credit. That credit, aimed at "catalytic" projects deemed to have broad economic ripple effects, is available only once in each two-year state budget cycle. Without a change in state law, the next such award won't be offered until late 2017.
Hudson Holdings, a Florida investment group, bought the 925 Building in June and announced plans for a $280 million redevelopment that would include apartments, offices, a hotel, retailers and event space. The building contains 1.3 million square feet of near-empty offices over an ornate bank lobby and hushed retail arcades.As soon as I get the update will share the results with you. Check back to the blog later this afternoon.
Best of Luck, Hudson Holdings!
![Dr. W. H. Cotton’s ode: “Oh, My Lake Worth, Florida!” [circa 1920].](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUL75cv6zJQFjX15ojOIIz9AjnbqH4asHJTYSDhnGnYr7rJZRha1NcNTirj2xPcId158vkz5Hw-wXgOfrlztj8Zr8jLFFCfuEN6PyV44ZlpMRmJ68xbtFL9vzxNiG7xDs_HJvm/s1600/LakeWorthPioneers.JPG)
