Trending development, economic & real estate news
Rockefeller Building’s future in limbo
The future of the Rockefeller Building, 614 W. Superior Ave., one of Downtown Cleveland’s most famous and historic buildings, is in limbo after all of its existing interested buyers reportedly walked away in recent weeks. Interest in the property has faded despite $70 million in public incentives that…
Port OKs $82M for Richmond Hts, Seven Hills, Valley View, Cleveland Port projects
The Port of Cleveland Board of Directors yesterday approved a series of major actions that provided $82 million in financing for redevelopments across Northeast Ohio, enhancements to regional public safety infrastructure, and continued progress under the Port’s federally funded clean energy initiatives.
Row on Garden in Brooklyn Centre OK’d
It’s been more than two years of back and forth with the city, but a proposed residential development in Cleveland’s Brooklyn Centre neighborhood finally got approved today by the Cleveland Landmarks Commission.
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…
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