Residential Real Estate News

A brief summary of the most relevant and major residential real estate news in Greater Cleveland

Cleveland owns its lakefront opportunities

One year ago, the City Planning Commission “hired” Cleveland State University’s 17th Street Studios for a Masters of Urban Planning and Development (MUPD) capstone project to look at how to enhance the underutilized light-rail Waterfront Line. One of the findings was that the city of Cleveland literally owned its own ability to boost the rail line and the lakefront overall.

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Greater Cleveland’s population edged upward

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’s north end of W. 25th to get refresh

Out goes the Hulett Hotel proposal. In comes a couple of redevelopment projects intended to reinvigorate the north end of West 25th Street in Cleveland’s Ohio City neighborhood, dubbed Hingetown. It is one of the last sections of West 25th in Ohio City whose historic buildings have yet to be renovated and redeveloped. All it took was a $110 million hillside-public park project across the street to help seal the deal.

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Construction starts on Shoreway Tower

Nope, it’s not an April Fool’s Joke. Construction work is getting underway this week for Cleveland’s next new high-rise residential building. But it’s not rising downtown or in the University Circle area. Instead, crews are assembling equipment, materials, portable toilets, utility relocations and more on a bluff overlooking the Shoreway boulevard and Edgewater Park.

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