June 2025

Cleveland wins WNBA team, new downtown activity

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Starting in May 2028, Cleveland’s new Womens National Basketball Association (WNBA) team will begin playing in Downtown Cleveland at Rocket Arena. The expansion team will play half of its 44-game schedule at home and, if attendance is at least near the league-wide average, will help soften the impact of the Cleveland Browns football team moving from downtown to suburban Brook Park the following year.

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Haslams acquire Brook Park land for stadium

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Although the deed transfer was signed June 24, the document transferring 179 acres of land to an affiliate of the Haslam Sports Group for a new stadium in Brook Park didn’t become public until today. Nonetheless, this is the deal that helps set the stage for the construction of a new $3.6 billion enclosed stadium and proposed supportive development for the new home of the Cleveland Browns.

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Hough senior housing tests first new zoning in 96 years

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Cleveland City Planning Commission today approved designs for a 55-unit affordable senior housing development in Cleveland’s Hough neighborhood. While that isn’t such a big story anymore, given the heightened pace of investment in this former poster child enclave of urban decay, it is when you consider the plans for this project were submitted to the city only in May.

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Development near Edgewater Park revived

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Three years ago, a team led by Beachwood-based Property Advisors Group (PAG) planned to build a large residential development at 8400 Lake Ave., overlooking Edgewater Park in Cleveland’s Detroit-Shoreway neighborhood. But with construction costs and interest rates rising, the timing wasn’t right. While costs are still high, the city’s new form-based zoning code may make a scaled-down project achievable and in a timely manner.

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Cleveland Clinic to nearly double Avon Hospital’s size

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To meet the growing demand for patient care on Cleveland’s west side, a growing Cleveland Clinic announced plans to significantly expand both Avon Hospital and Richard E. Jacobs Family Health Center. The $340 million project would nearly double the size of the campus, which is located just north of the Interstate 90-Nagel Road interchange in Avon.

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Sinito walks away from running Millennia

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Frank Sinito Sr., founder of Millennia Companies, has stepped away from managing the day-to-day business of one of the nation’s largest owners and managers of affordable housing properties. In announcing this and other leadership changes, the company said it will be selling off parts of its affordable housing portfolio and expanding investments into market-rate housing.

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