Economic trends – Page 8

Greater Cleveland’s population edged upward

Ken Prendergast / May 9, 2025

New estimates from the U.S. Census Bureau show that, while population in Greater Cleveland edged up a bit for the second straight year, the metro area is still down overall for the decade so far. And the city of Cleveland saw its population shift at the same it enjoys strong increases in income tax revenues from young professionals and retired empty nesters replacing lower-income families.

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Ohio City boutique hotel plan gets Landmarks nod

Ken Prendergast / May 8, 2025

A proposed boutique hotel for Cleveland’s Ohio City neighborhood was significantly redesigned after conceptual plans were first presented to the city’s Landmarks Commission six months ago. Members of that same commission praised those changes and the additional design and material details that were presented today by the hotel’s development team.

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GCRTA seeks more railcars; program over budget

Ken Prendergast / May 8, 2025

There’s good news and bad news when it comes to the Greater Cleveland Regional Transit Authority’s (GCRTA) new railcar program. And the good news is the result of trying to keep the bad news from getting worse.

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Hopkins Airport remake about to take flight

Ken Prendergast / May 6, 2025

Mayor Justin Bibb and Port Control Director Bryant Francis unveiled plans and action steps this morning for a $1.6 billion first-phase, five-step program of improvements to Cleveland Hopkins International Airport in the next seven years, representing the start of more phases to come. The improvements come as Hopkins celebrates its 100th birthday.

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Walz Library-Karam Senior Living gets city OK

Ken Prendergast / May 2, 2025

It’s a $34 million project nearly six years in the making. But after a pandemic, a sharp increase in construction costs, pursuits of additional financing and working out a complicated development partnership to build essentially two buildings in one, construction is finally in sight for the new Walz Branch Library topped by Karam Senior Living apartments.

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GSA confirms Celebrezze Federal Building to be sold

Ken Prendergast / May 1, 2025

The U.S. General Services Administration (GSA) today announced it will initiate a public sale of the 32-story Anthony J. Celebrezze (AJC) Federal Building, 1240 E 9th St, in Downtown Cleveland that it claims could potentially save more than $430 million in total annual operating costs.

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Office leasing cools in first quarter of 2025

Ken Prendergast / May 1, 2025

Greater Cleveland’s office market in the first quarter of this year saw its second-lowest amount of leasing activity, as measured in square feet, in the last 16 years since the Great Recession. Only the fourth quarter of 2021, following the pandemic and the rise of remote working, saw less leasing activity locally since 2009.

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Haslam chides state memos on Brook Park stadium

Ken Prendergast / April 28, 2025

Two memos dropped today from two branches of state government, both urging caution when considering the Haslam Sports Group’s (HSG) economic impact projections from its proposed enclosed stadium and supportive development in suburban Brook Park. But HSG shot back, calling the reports “questionable” and “inaccurate.”

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Chick-fil-A opening first storefront in Cleveland

Ken Prendergast / April 24, 2025

Amid all of the big development news happening around town, there’s lots of smaller commercial projects that can have a big impact on individual neighborhoods. And nearly all of these are new or expanded commercial offerings that are due to pop up on the landscape in the coming months.

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Agave Social restaurant to open in Flats

Ken Prendergast / April 17, 2025

It didn’t take long to land a new tenant for a highly visible restaurant location at Cleveland’s Flats East Bank. Just four months after Beerhead Bar and Eatery closed at 1156 W. 11th St., noted local restaurateurs Alex and Arturo Mendez Martinez have executed a lease for the ground-floor space at the corner of West 11th and Main Avenue.

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