Trending development, economic & real estate news
Fairview Hospital North Campus joins West Park developments
In Kamm’s Corners, construction on the first phase of a $150 million North Campus redevelopment at Cleveland Clinic’s Fairview Hospital is now underway. It joins several other projects across West Park, including the 19-unit Parker Townhomes and the mixed-use Kamm’s Medical Building.
New owner for closed steel plant
One year ago, Worthington Industries Inc. shut down its Samuel Coil Processing plant at 4600 Heidtman Parkway in Cleveland’s industrial valley. Today, Cushman & Wakefield-CRESCO announced that the plant has sold to two companies that are sharing the ownership equally.
Biz park expansion sought near airport
Although it’s still early on, plans are coming together for a major light-industrial and/or warehouse real estate development near Cleveland Hopkins International Airport. The roughly $75 million project is proposed to offer up to four new buildings totaling 700,000 square feet set on about 34 acres of city-owned…
Downtown ‘reset’ a challenge, opportunity
Multiple forces are likely to affect Cleveland’s central business district in 2026, according to the nonprofit development corporation Downtown Cleveland Inc. (DCI). It’s a setting that has housed Cleveland’s fastest-growing residential neighborhood this century while also suffering the loss of office jobs to remote working, intensified by the…
Cleveland Clinic plans two huge garages
The largest single structure built by the Cleveland Clinic isn’t a medical building like the new, 1-million-square-foot Neurological Institute on Carnegie Avenue. Instead, it’s the 1.56-million-square-foot parking garage immediately west of it. And there will be another garage of similar size added just west of that.
Variety Theater has a buyer
In the 36 years following the Variety Theater’s closure, a parade of owners have sought things for the 99-year-old venue — new uses, money and luck. Sadly, each of those have been beyond the grasp of each proprietor. Now, another potential owner is bringing another opportunity to change…
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