Trending development, economic & real estate news
Hub 27 boosts affordable housing construction on Near West Side
On Cleveland’s near-West Side, the Clark-Fulton neighborhood is getting an infusion of affordable housing with the first phase of Hub 27 under construction in the BVQ (Barber-Vega-Queen avenues) District and continued progress at the Walton Senior Apartments on Clark Avenue.
Rockefeller Building secured by K&D
As first reported by NEOtrans earlier this month, K&D Group said it would seek $6 million worth of “make-safe” repairs to Downtown Cleveland’s vandalized Rockefeller Building after it took title to it. But it began shoring up the Gilded Age edifice on the very day the sale closed.
Cleveland has Ohio’s highest apartment rents
A new report released today by international real estate firm Colliers shows that multifamily development in Greater Cleveland isn’t keeping up with demand. The result is that average rents in the Cleveland area are now the highest of any metro area in the state.
County’s biggest-ever project gets OK’d
With a vote by a Justice Center steering committee today, Cuyahoga County Council got the recommendation it needed to formally and legally approve construction tomorrow on a new $894.26 million Central Services Campus corrections center in suburban Garfield Heights.
Cleveland’s fastest-changing neighborhood isn’t where you think
University Circle and Ohio City might be Cleveland’s most recognizable development hotspots. But in the southern Campus District, which straddles the Central neighborhood and eastern edge of downtown, a handful of large-scale demolitions and relocations are setting up more than 50 acres for redevelopment next door to the…
Ohio City residential developments advance
In Cleveland’s Ohio City neighborhood, the spring season is well underway — and so are numerous apartment complexes, ranging from ground-up construction projects to residential conversions of historic buildings.
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