NEOMED to open Cleveland location
Another healthcare innovator is about to call Cleveland home. But this time it’s change agent that’s been in Northeast Ohio for more than 50 years.
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Economic trends
Trending News in Northeast Ohio jobs, economy, labor, immigration, and population
West Side industrial redevelopment eyed
A potentially large industrial redevelopment site is about to open up in Cleveland’s Cudell neighborhood, in a historic industrial district where there’s been a decent amount of commercial investment and expansion planning lately.
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Heights developments progress through winter
In Northeast Ohio, construction tends to hibernate in the winter months as snow and freezing temperatures take over. But despite winter storms and a record-setting deep freeze, there has been movement on several residential projects throughout the Heights.
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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 have been amassed and remain available to redevelop the property.
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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 2020 pandemic.
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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 the theater’s fortunes.
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Ohio City hotel gets financing extension
A state panel this week extended its offer to help finance construction of a new 129-room boutique hotel in Cleveland’s Ohio City neighborhood. While that doesn’t guarantee the hotel will move forward, the developer leading the project said construction can’t start without the state’s financing.
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Bedrock buys more riverfront land
While public records show Bedrock Real Estate is buying more Downtown Cleveland land along the Cuyahoga River, so far only rumors give any indications as to why. Interestingly, the targeted property is not included in Bedrock’s $3.5 billion Riverfront development masterplan. Then again, neither is the rumored land use.
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Buyer emerges for prime TOD site
A Michigan-based self-storage company that has been expanding its property holdings in Ohio is adding another. This time it’s a property that’s been courted for decades by developers and planners as a potential site for Transit Oriented Development (TOD).
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Rafih Auto Group Development OK’d
Two luxury car dealerships that first sought to redevelop part of Great Northern Mall in North Olmsted are now heading to Avon in Lorain County instead. It’s the latest symptom of urban sprawl that’s driving high-profile Cuyahoga County businesses into the collar counties.
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