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

  • Lakewood church may be razed for senior apartments
    The days may be numbered for the historic Lakewood Baptist Church, 14321 Detroit Ave., just east of Downtown Lakewood. A Cleveland-based developer has at least an option to purchase the property and has notified two tenants of the church-school complex of its pending redevelopment into senior apartments.
  • Urban Community School plans new athletic facility
    When you’re in expansion mode, it’s a pretty good indication that you’re doing something right. Urban Community School’s (UCS) latest manifestation of it doing something right could soon appear at its growing campus in Cleveland’s Detroit-Shoreway neighborhood.
  • Old treasures find new home in Tremont
    Nine months after extensive flooding forced the closure their award-winning vintage shop on Lorain Avenue in Ohio city, Tim Yanko and Dwight Kaczmarek shared their excitement in welcoming All Things For You back to the near-West Side community. The partners’ new store is opening June 1 in South Tremont.
  • Biotech startup moving HQ to Cleveland
    A partnership with the Cleveland Clinic has prompted a four-year-old biotech startup to relocate its headquarters to Cleveland from Durham, NC, one of the points of the Research Triangle. However, Lamassu Pharma, LLC, has yet to identify the location of its offices. The small firm hopefully will one day grow into a force for positive change in the pharmaceutical industry.
  • Cleveland soccer stadium backers seek $90M in public funds
    Backers of a long-proposed soccer stadium in Downtown Cleveland have issued renderings, a video and a request for $90 million in public-sector financing to help support a $150 million, 12,500-seat stadium. The request is being publicized now because backers of the project are submitting a bid for a National Women’s Soccer League (NWSL) team next month and a stadium is an essential ingredient of the application.
  • Browns acquire, razing last house for big Berea project
    Today, the Berea Planning Commission is expected to approve the demolition of a house that’s the final structure to be cleared for a $221 million mixed-use development planned by the Cleveland Browns and majority owner the Haslam Sports Group. That last house sold for a premium compared to the 43 other single-family homes plus other properties parcels that were acquired for the 38-acre development site.
  • Cleveland-Cliffs commits to skyscraper
    Cleveland-Cliffs has put to rest rumors of its headquarters leaving downtown Cleveland’s third-tallest skyscraper for new digs by expanding and extending its lease at 200 Public Square. Not only did Cliffs add more space in the tower to just over 100,000 square feet, but it extended its lease there by another 10 years, according to a spokesman for the building’s leasing agent, Colliers International Group Inc.
  • Ambassador Theatre building collapses
    Despite multiple warnings over the past month by city officials of a potential collapse of the old Ambassador Theatre building, the building partially collapsed into Superior Avenue while a demolition request was due to be heard by a design-review committee in five days. Officials had instead urged an emergency evacuation of the occupied building and an expedited demolition.
  • A ‘skinny-tall’ may rise in University Circle
    A local company with much development experience intends to deliver 52 apartments and multiple retail spaces among two buildings — an historic structure and a new building up to nine stories high at 11619 Euclid Ave. in Cleveland’s University Circle. WXZ Development Inc. of Fairview Park intends to build the new mixed-use structure on a tiny parking lot behind a renovated, landmark Monmouth Building.
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