Trending development, economic & real estate news
GCRTA delays levy decision to September
The future of the Greater Cleveland Regional Transit Authority (GCRTA) didn’t get much clearer at a special board meeting held today. But the transit agency’s trustees did vote unanimously to support a compromise action that could put a sales tax levy on the ballot in May 2027. The…
Slavic Village CDC hires new director
Already with a week on the job at the new executive director of Slavic Village Development (SVD) in its namesake Cleveland neighborhood, Mark Rantala has been out and about, engaging with the community.
Next Lakewood developments take shape
As the two-building Westline development on Detroit Avenue starts to fill up, Lakewood won’t need to wait long for its next major mixed-use project. In fact, an even larger, $119 million development has nearly topped out less than a mile away at the former Lakewood Hospital site.
Warehouse District lot buyer revealed
Last week, NEOtrans reported that one of the last large “parking craters” remaining in Downtown Cleveland’s central business district has a buyer. This week, we confirmed who the buyer is and what they plan to do with it.
West Blvd shared use path advances
State and local officials announced this week that the State of Ohio awarded $100,000 to the City of Cleveland to develop plans for a shared-use path for cyclists, joggers, pedestrians and others living in or visiting the city’s West Boulevard, Cudell, Clifton-Baltic and Edgewater neighborhoods.
Greater Cleveland gets 2 TMUDs
Although Project Scarlet is in Downtown Cleveland and Valor Acres is in suburban Cleveland, the two developments have something in common. They both won $7 million in Transformational Mixed-Use Development (TMUD) tax credits from the State of Ohio today.
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