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


  • CSX makes CVSR downtown extension infeasible
    Except for one brief instruction, property-owning freight railroad CSX Transportation didn’t participate in a feasibility study for extending the Cuyahoga Valley Scenic Railroad’s (CVSR) passenger trains into Downtown Cleveland. But that instruction, described as “a gold-plated” request, forced the study team to conclude that the CVSR extension would not be feasible — for now.
  • McCafferty Center site to be senior housing
    Affordable housing developer Pennrose, LLC. is looking to build on the success of its other Cleveland-area projects with its next venture, this time on the city’s west side. The national developer is partnering with Ohio City Incorporated (OCI) to construct a 72-unit apartment building geared towards seniors and charging rents between 30 percent and 70 percent of the area’s median income.
  • Sherwin-Williams HQ grand opening set, tower isn’t
    Although the grand-opening ceremony for the new Sherwin-Williams headquarters tower has been set, repairs to already finished areas are pushing occupancy of the tower months farther into the future. Some employees told NEOtrans they don’t expect to migrate over to the new tower until next fall.
  • City seeks future TIF funds for Riverfront work now
    Mayor Justin Bibb’s administration is requesting an important amendment to the city’s riverfront tax increment financing (TIF) district that would do three things. One spells out exactly what infrastructure work would be done. A second would extend the 30-year TIF to 42 years. And the third and perhaps most controversial is that it would pledge undefined future TIF revenues to start infrastructure work now.
  • Little Italy’s Singer Steel has new owner
    Developer has no immediate plans for site Passersby took note of a new sign that has gone up this week on the old Singer Steel building, 2100 Random… Read more: Little Italy’s Singer Steel has new owner
  • Downtown Flagstar Bank closing; What does it mean?
    Customers who have accounts at Flagstar Bank’s Downtown Cleveland branch received letters this week saying that the branch will be closing at the end of March and that all accounts will be moving to Flagstar’s Ohio City branch. But the $2.6 billion question is: why?
  • Metroparks seeks funds to demolish Flats mill
    Since the 1930s, the massive Grain Craft silos have been a familiar sight along the Cuyahoga River, on the Flats’ Columbus Road peninsula. But they may not be around much longer if a planned application for demolition and clean-up funds by the Cleveland Metroparks is successful.
  • Goncalves: a Cliffs-USS HQ would be in Pittsburgh
    The headquarters of steelmaker Cleveland-Cliffs could move from its namesake city to Pittsburgh if Cliffs is successful in acquiring US Steel, Cliffs CEO Lourenco Goncalves said. But a Cleveland City Hall source today said Mayor Justin Bibb spoke with Goncalves who reportedly reassured him that relocating Cliffs 1,000-plus staffpersons from Cleveland at this stage is just speculation.
  • Ohio City building doesn’t survive the weekend
    An historic building on Detroit Avenue in Cleveland’s Ohio City neighborhood was there when commuters on the adjacent West Shoreway went home on Friday evening for the weekend. When they went past the site this morning during their return to work, the building was gone.
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