Economic trends – Page 2

The 50+ acres in play next to downtown, but few are talking about it

Ken Prendergast / March 28, 2026

Mega-redevelopment sites are emerging all around Downtown Cleveland. There’s the 50-acre lakefront site that includes the to-be-demolished Huntington Bank Field. There’s the nearly 40-acre Bedrock Riverfront site. There’s the 62-acre ex-Lake Shore Power Plant site just east of downtown. And there’s the 450-acre site that now contains Burke Lakefront Airport.

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One of Cleveland’s oldest churches to close

Ken Prendergast / March 26, 2026

Immaculate Conception Church, 4129 Superior Ave, opened its doors to a young, Irish immigrant-heavy parish in 1878 on Cleveland’s near-east side. But with later generations of its parish having fled to the suburbs over the ensuing decades, services at the early English Gothic structure are due to end May 24, 2026, possibly forever.

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GCRTA outlines proposed service cuts

Ken Prendergast / March 24, 2026

Last fall, the Greater Cleveland Regional Transit Authority (GCRTA) warned that its worsening budget situation would mean some potentially significant service cuts starting this year. But at a GCRTA board meeting today, staff said they are making other budget cuts that would lessen those service reductions.

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Will TMUD’s return transform Cleveland?

Ken Prendergast / March 23, 2026

A financial incentive originally designed to spur new construction in Downtown Cleveland has instead helped other Ohio downtowns. But with the Transformational Mixed Use Development (TMUD) tax credit program renewed by the Ohio General Assembly, there is a renewed chance for the program to benefit its birthplace.

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Ironwood Flats panned, fast-tracked

Ken Prendergast / March 21, 2026

Despite Cleveland City Planning Commission calling the design for a proposed affordable senior housing development in Slavic Village as unoriginal and its location isolated from community amenities, it urged that the project be approved in an expedited manner.

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925 Euclid heads to sale offering

Ken Prendergast / March 20, 2026

When it was built in 1924, 925 Euclid was one of the largest office buildings on the planet and had the largest bank lobby in the world. Now it’s being offered for sale among the likes of auto parts stores, fast food joints and other retail properties whose owners could no longer manage or financially support them.

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Branded: Cuyahoga County’s first lakefront high-rise in 53 years

Ken Prendergast / March 17, 2026

It has a new brand, a Web site, a wait list and a place already cemented in Greater Cleveland’s history. But what Naia Noir doesn’t have are modern competitors. In fact, after scouring our Lake Erie waterfront and Cuyahoga County records, NEOtrans contends that this is the first lakefront residential high-rise built in Cuyahoga County in 53 years.

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Sterle’s site to become Living at 55

Ken Prendergast / March 16, 2026

After a brief pause, the next chapter for a block of East 55th Street, between Bonna and Prosser avenues, is proposed to begin. That block, in Cleveland’s St. Clair-Superior neighborhood, held Frank Sterle’s Slovenian Country House for 68 years — an icon in Cleveland’s Slovenian and Croatian communities.

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Port OKs $60m for Cleveland, Highland Hills redevelopments

Ken Prendergast / March 12, 2026

The Port of Cleveland Board of Directors today approved two projects designed to strengthen Northeast Ohio’s economy, create jobs, and revitalize strategic properties in the region.

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Michael Symon joins River Roots’ move to Flats

Ken Prendergast / March 7, 2026

Celebrity chef Michael Symon announced he is partnering with a local, new-start whiskey distiller in its planned move to Cleveland’s Flats. NEOtrans reported nearly a year ago that River Roots Barrel Company was making a move to the Columbus Road peninsula along the Cuyahoga River.

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