Latest Northeast Ohio business, economic, real estate, development, construction and transportation news

  • Guardians buy land, but no ballpark village yet
    An affiliate of the Cleveland Guardians baseball team has exercised one of two property acquisition options that were offered when the team extended its lease on Jan. 1 to play at Progressive Field for at least another 15 years. The property acquired is a half-acre parcel next to the ballpark and located at the southwest corner of East 9th Street and Bolivar Road.
  • NOACA seeks Cleveland Amtrak hub
    The director of the Northeast Ohio Areawide Coordinating Agency (NOACA), a metropolitan planning organization, today said she intends to submit to the Federal Railroad Administration (FRA) multiple proposed passenger rail routes through Cleveland for inclusion in the Biden Administration’s multi-billion-dollar rail development program.
  • Cleveland Clinic formally announces expansion
    Citing tremendous growth in the number of patients seeking health care, the Cleveland Clinic Foundation (CCF) today formally announced plans for $1.3 billion worth of facilities expansion worldwide. But most of the new construction is planned for its main campus near University Circle in Cleveland.
  • Megaprojects program gears up for next round
    This week, the Ohio Department of Development announced that it is opening round two of its new and popular Transformational Mixed Use Development (TMUD) tax credits program on May 18. Authorized for four years with up to $100 million in tax credits available each year, the deadline for submitting TMUD applications for Fiscal Year 2023 is 4 p.m. July 8.
  • New Bridgeworks design wins support
    Plans for building an apartment-hotel tower called Bridgeworks at the west end of the Detroit-Superior Bridge appear to be back on track after the development team made some design changes. Those changes allowed the project to win unanimous support yesterday from the Ohio City Design-Review Committee. The same committee last month sent the project back to the drawing board.
  • Cleveland Heights, Lakewood projects win OKs
    Two major development projects in Cleveland’s inner ring suburbs won thumbs up last night but in two different ways. In Lakewood, City Council gave its unanimous approval to the framework for an agreement with a Columbus-based real estate firm for a proposed $90 million development at the former downtown hospital site.
  • Eden offers a rooftop garden respite
    Geis Companies announced this week that it plans to open a new sky-club and lounge called Eden May 20 at The Metropolitan at The 9 hotel in downtown Cleveland. Located on the roof of the 1010 Euclid Building, the address is actually accessed through the 12th floor of The 9 complex’s 29-story tower, 2017 E. 9th St., that contains the Autograph Collection-flag hotel and the Residences at The 9 apartments.
  • Food biz feasts on East Side expansion
    A food service business that’s barely two years old has nearly outgrown its 120,000-square-foot building in Cleveland’s Central neighborhood and is already making plans for expansion.
  • Old Play House gets May 16 curtain call
    The Cleveland Clinic Foundation and Fairfax Renaissance Development Corp. will host a public meeting to gather community input on what to do with the vacant former home of the Cleveland Play House (CPH), 8500 Euclid Ave.