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NE Ohio real estate news by location

Downtown Cleveland apartment conversions may drive demand for constructing a big office tower — or two

Many older office buildings in downtown Cleveland are getting converted to apartments and other uses. So many that ALL of the vacant office space may soon be gone — and then some. So many that the time for constructing one or more major new office towers in the central business district is fast approaching.

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It’s time to stop ducking Duck Island

If it looks like a big real estate development and sounds like a big real estate development, it probably will be a big real estate development.
That’s what a spate of real estate transactions in recent months suggest for an urban enclave close to downtown that’s neither an island or named after ducks. (Some claim it’s named for criminals who used to duck and hide here from the law).

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America’s first Interstate to be abandoned – when and where?

Sometime in the next 5-15 years, a remarkable event could occur. The first section of Interstate or interstate-quality highway will be abandoned somewhere in this country due to a lack of funds.
It will probably be a short, lightly used section of road with a decaying, expensive bridge in the middle of it. The highway department responsible for closing that section of road will try to minimize the significance of the event by calling it a temporary closure.

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