New Industrial Development Proposed for East 55th Street
Cleveland City Council is considering an emergency ordinance to support the development of a new industrial site in the Cleveland Area Enterprise Zone. File No. 1375-2026 would allow the Director of Development to enter into an Enterprise Zone Agreement with Reserve Premier, LLC, or its designee to provide tax abatements for real property improvements at 2966 East 55th Street.
What's in the file
The proposed legislation aims to provide financial incentives through tax abatements to encourage the development of Gateway 55. The project is planned as a multi-tenant industrial building located at 2966 East 55th Street.
According to supplemental project information:
- The development is planned as a 166,000-square-foot light-industrial facility NEOtrans.
- Reese Consumer Health is identified as a planned anchor tenant, expected to occupy approximately 69,000 square feet of the space NEOtrans.
- The site is described as a 15-acre construction-ready site situated along the Opportunity Corridor PREMIER Development Partners, LLC PROPERTY HIGHLIGHTS.
Who may be affected
- Director of Development: Authorized to enter into the Enterprise Zone Agreement.
- Reserve Premier, LLC: The entity designated to receive the incentive for the Gateway 55 development.
- Cleveland Area Enterprise Zone: The specific geographic zone where the development and tax abatements will occur.
Status and timeline
The ordinance is currently moving through the legislative process:
- 2026-11-05: The emergency ordinance was introduced.
- 2026-11-09: The ordinance received its first reading.
Residents can verify all details regarding this proposal by reviewing the official record for File No. 1375-2026 on the Cleveland City Council website.
| Total building | 166,000 square feet |
|---|---|
| Anchor tenant | 69,000 square feet |
Source record
- File
- 1375-2026
- Type
- Emergency Ordinance
- Status
- First Reading
- Committee
- City Council
- Introduced
- November 4, 2026