Economic trends

Trending News in Northeast Ohio jobs, economy, labor, immigration, and population

Temperatures rising? So is Cleveland

With the arrival of spring and warmer weather, it’s time for planting. And several long-planned projects are about to rise up out of the ground.

The largest of these is the 24-story Artisan tower, soon to be University Circle’s tallest building at 250 feet high. A development team led by White Oak Realty Partners of Chicago started site preparations this past week on the luxury apartment tower at 10600 Chester Ave.

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Seven proposed office towers in Cleveland? Yep, seven.

It’s a contradiction. Cleveland and the rest of the nation are in the midst of an historic office market slowdown that will likely last well into the post-pandemic era. And yet, Cleveland may be the recipient of up to seven new office towers in the next five years or so — six of those could rise downtown and one in University Circle.

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Seventeen 10+ story projects may see construction in the next year

In Cleveland, there are 17 buildings of more than 10 stories tall that could see their construction start in the next year. And with out-of-town developers showing greater interest in Greater Cleveland, especially after the state passed the Transformational Mixed-Use Development (TMUD) tax credit, there may be another building or two that comes out of nowhere and surprises us in the next 12 months.

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Cleveland’s lakefront may get boost from new stadium, trains, ships

Lots of pieces are coming into place that could greatly impact downtown Cleveland’s lakefront in a very positive way. There are many challenges to be sure, but it seems that the planets are aligning for good things to happen.

These good things center on three basic ingredients — trains/transit, shipping and development.

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Looking into the Cleveland Innovation District’s past, future

For more than a year, there have been rumors of a major research and development initiative aimed at University Circle and downtown Cleveland and the health care and educational institutions located there.

But the full breadth and scale of the initiative wasn’t publicly revealed until today, culminating in the announcement by Gov. Mike DeWine and others regarding a Cleveland Innovation District fostering up to 20,000 jobs over the next 15 years. The state, led by JobsOhio, and the Cleveland Clinic Foundation (CCF) will put up $565 million to get the district off the ground in a big way.

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Counting Cranes – predicting TMUD’s impact on Cleveland

One of the most impactful actions to boost downtown Cleveland in the New Year and beyond was made in recent weeks and months 125 miles to the south in our state capital. It culminated with Gov. Mike DeWine signing a piece of legislation last week. In a state legislature that has gained a reputation for harming Ohio’s largest urban centers, it actually helped them this time.

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Health-Tech Corridor to see a busier 2021

On most days, Jeff Epstein is a very busy man. Not only is he executive director of the community development corporation MidTown Cleveland Inc., he also heads up the Health-Tech Corridor.

The Health-Tech Corridor is a decade-old collaboration between MidTown Cleveland, BioEnterprise, The Cleveland Foundation and the City of Cleveland. It works to attract and grow health technology businesses to the corridor linking Downtown and University Circle.

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