Trending development, economic & real estate news

Park Place Tech seals HQ deal

After a year-long search for a new headquarters, Park Place Technologies has closed on its deal to acquire Progressive Direct Insurance’s Alpha Campus in Highland Heights. Consummation of the purchase agreement sets the stage for renovating the multi-building campus and ultimately relocating to it 500 headquarters employees from…
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Phase 2 awaits: Innovation Square, Fairfax Market

Two mixed-market-rate apartment developments that just opened along East 105th Street in Cleveland’s Fairfax neighborhood have phase-two projects proposed. But construction on the pair of follow-on projects may not occur for a year or more as lending remains tight and leasing activity has been uneven. But things could…
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Cleveland’s Greyhound/Barons Bus station futures

While city-to-city bus services have vacated traditional downtown stations for remote, curbside boarding locations in Ohio cities like Cincinnati, Columbus and Dayton, Cleveland travelers may be spared that treatment in a plan being worked out with the city. But city planners and advocates say the long-term station site…
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Fairview Hospital unveils North Campus options

At a community meeting this evening at Fairview Hospital, Cleveland Clinic Foundation officials showed five design options for developing a new clinical building containing the Moll Cancer Center and medical offices plus a new parking garage on Fairview Hospital’s North Campus, north of Lorain Avenue. While there were…
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Rezoning recommended for Ohio City project

In February 2023, the first of many public meetings were held for a medium-sized development called 45 West proposed by Cleveland-based My Place Group on Lorain Avenue at West 45th Street in Cleveland’s Ohio City neighborhood. More than a year later, a rezoning request was recommended by the…
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Cleveland skyscraper’s new owner plans upgrades

Purchase of Downtown Cleveland’s third-tallest skyscraper last week was officially confirmed today by the skyscraper’s new owner. A partnership of Namdar Realty Group and Mason Asset Management, both of Long Island, NY, also said they have a formed a five-year capital plan to improve 200 Public Square and…
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