Development News

Data-rich and deep analytical information about Greater Cleveland development news

Blue Abyss may build $250m research center here

A British company, Blue Abyss Diving Ltd., is pursuing the development of a new research center devoted to deep sea and space research in the Cleveland suburb of Brook Park on land next to NASA Glenn Research Center. The project, with a total estimated price tag of $250 million, could be one of the most significant business investments resulting from the presence of the NASA facility. It could also be nearly identical to a major research center Blue Abyss is building in the United Kingdom county of Cornwall.

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From Kyiv to Cleveland, art firm HQ moves

Founded in Ukraine nearly two decades ago, Dion Art has been expanding thanks to stunning, innovative public art projects and a stabilizing, growing nation. When that growth slowed to a trickle a year ago when Russia began its all-out invasion of Ukraine, its founder and his friend made a choice — move Dion Art to Cleveland.

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It’s official: Lakewood Center West sells

While Lakewood waits on the Downtown Lakewood development, a mostly residential development could come to this inner-ring suburb’s former office and current retail district even sooner. According to Lakewood city officials and Cuyahoga County records, a Brooklyn, NY-based developer has acquired the seven-story Lakewood Center West at the northeast corner of Detroit and St. Charles avenues for $2.4 million. The developer told NEOtrans that they envision 60-70 apartments on the upper floors and will retain the ground-floor and basement commercial tenants.

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Cleveland Hts Cedar Lee Meadowbrook ‘A done deal’

The City of Cleveland Heights and its development partner, Flaherty & Collins Properties, announced the real estate and financial “closing” for the Cedar Lee Meadowbrook project, clearing the way for construction to commence in the coming weeks. It’s the second major project for the Indianapolis-based developer in the eastern inner-ring suburb of Cleveland.

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Half of Bulkley Building to be residential

A significant building in downtown Cleveland’s theater district is proposed to undergo a transformation that would convert nearly half of the structure to residential and add a high-profile office tenant. The Bulkley Building, or simply The Bulkley, 1501 Euclid Ave., is not only owned by the Playhouse Square Foundation but is also the site of the foundation’s offices.

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Casket maker brings factory to life

Construction permits were filed this week with Cleveland’s Building Department to retrofit a west-side factory so Victoriaville & Co. of Victoriaville, Québec, Canada can open its first manufacturing operations in the USA. The plant will manufacture what’s called “death care merchandise” — namely caskets and urns in what is a growing market as the oldest Baby Boomers approach 80 years of age.

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Two Cleveland-area projects win millions

Two Greater Cleveland historic rehabilitation projects got an unexpected boost this week to the tune of nearly $7.2 million. The Taylor Tudors portion of a larger development in Cleveland Heights plus a renovation of McKinley School in Cleveland’s Westown Neighborhood were beneficiaries of an oversight by the Ohio Department of Development (ODOD).

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Chicago builder expands to Cleveland

Chicago-based Leopardo Companies is already making a name for itself in Cleveland by serving as the construction manager of two major development projects in downtown. But while some construction companies might be content with overseeing a couple of big building projects in a secondary market like Cleveland before moving on to the next opportunity somewhere else in the country, Leopardo has different ideas.

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