Trending development, economic & real estate news
Millennia plans tech hub, AI center at 925 Euclid
With a court-imposed auction looming two months from now, the owner of the former Union Trust Bank Building, 925 Euclid Ave. in Downtown Cleveland, is trying to organize a dramatic change of plans for the building’s redevelopment that could include significant artificial intelligence (AI) infrastructure.
Airport Ground Transportation Center plans revealed
Cleveland’s Planning Commission’s Design Review Committee is set to hear and see a presentation Friday on conceptual plans for the Cleveland Hopkins International Airport’s new Ground Transportation Center (GTC). But even for a conceptual plan, it is short on many details that may come later as plans are…
925 Euclid heads to auction
A federal judge today rejected giving more time to the owner of a massive office building at 925 Euclid Ave. in Downtown Cleveland to secure financing that would end a foreclosure proceeding against it. With that rejection, the property is about to enter a court-monitored sale process toward…
GCRTA’s first new train arrives Cleveland
Just after sunset Friday, the first new light-rail train acquired by the Greater Cleveland Regional Transit Authority (GCRTA) in more than 40 years arrived by freight train at CSX Transportation’s Collinwood Yard. Today, CSX moved Siemens Mobility train No. 401 to the Port of Cleveland for delivery to…
Deutsche Bank tells Millennia: time’s up
A federal court will likely decide on Monday whether to give the owner of the huge, former Union Trust Bank Building, 925 Euclid Ave. in Downtown Cleveland, more time to resolve a foreclosure action against it. Or the court could instruct the owner, an affiliate of the Millennia…
Cleveland’s next big manufacturing plant
With tenants in mind and a locally resurgent manufacturing market behind it, the long-proposed Gateway 55 light-industrial development is moving forward in the northern part of Slavic Village on Cleveland’s near-East Side.
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