Trending development, economic & real estate news
West 25th bus lanes to move forward
Greater Cleveland Regional Transit Authority (GCRTA) officials today said they intend to move forward with plans to build bus-only lanes on West 25th Street through Ohio City’s Market District as part of its MetroHealth Line Bus Rapid Transit (BRT) from Detroit Avenue south to Old Brooklyn.
Five affordable senior housing developments emerge across Cleveland
As the new year opens to a snowy start, a flurry of local construction activity is bringing four ongoing senior apartment projects totaling over 200 units closer to completion. A fifth, the 55-unit Hough Senior Living, has started site preparation after closing on financing.
Two buyers getting nine apartment buildings
Ownerships of a total of 177 apartments spread among nine buildings clustered together in two locations on the east and west sides of Cleveland are about to transfer to out-of-state buyers, public records show. While it’s too early to say what that may mean for the futures of…
Hough, Stockyards apartments’ financing closes
In less than one week, NEOtrans has shared news of multiple significant developments in Hough making progress with a fifth project now moving forward. But the West side need not feel left out, as Cleveland-based CHN Housing Partners announced a west-side project closed its financing this week, too.
Cleveland Clinic plans Level 1 trauma center
Expansion of the Cleveland Clinic’s Main Campus Emergency Department and the addition of its new Neurological Institute may help Greater Cleveland gain its third Level 1 trauma center as early as 2028 and relieve pressure on the region’s existing Level 1 centers. But not everyone agrees to the…
Reese Consumer Health seeks Opportunity
Last year, Cleveland-based Reese Pharmaceutical rebooted its business and changed its name to Reese Consumer Health. Next year, the company plans to change its headquarters-production location. And in subsequent years, it hopes those efforts will expand its business and add new jobs.
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