City Planning Commission today voted unanimously to recommend that City Council approve a 45-year, project-specific tax-increment financing (TIF) deal with Bedrock Real Estate to generate $400 million for infrastructure to support Bedrock’s $3.5 billion riverfront development. This would create a second, albeit smaller TIF district downtown to support…

Commercial real estate and construction interests hailed Cleveland Mayor Justin Bibb’s signing of an executive order today to simplify and speed up the construction permitting process at City Hall. Bibb was quick to point out that this reform will affect small projects by homeowners as well as downtown…

An ever-changing lending market has caused designs to change again for the proposed Bridgeworks development, 2429 W. Superior in Cleveland’s Ohio City neighborhood. Some things were noticeably different in the plans — no hotel, no retail/restaurants, a big increase in the number of apartments, and a variety of…

Cleveland Development Advisors (CDA) has allocated $10 million in federal New Markets Tax Credits to Cleveland Kitchen, originally Cleveland Kraut, to consolidate and expand its production facility in the Central Kitchen Food Hub. The hub is a food incubator and accelerator on Carnegie Avenue in Cleveland’s Midtown neighborhood.

It used to be rare to see a newly constructed Cleveland apartment building filling out at rents of more than $2 per square foot and leasing out in less than two years. But those were the old days — “way back” in the 2010s. Today, it’s common to…

The U.S. Environmental Protection Agency (USEPA) today awarded $129.4 million in federal funding to the Greater Cleveland area to produce cheaper, more competitive, cleaner electricity locally. The funded work includes constructing five solar arrays in four communities, closing a coal-fired power plant in Painesville and supporting reforestation efforts…