Trending development, economic & real estate news

Amtrak seeks $300m for Great Lakes-area stations

Cleveland and other Northern Ohio cities would gain new, larger train stations from a program proposed by passenger railroad Amtrak to improve its intercity services here. The program, a five-year, $300 million Great Lakes Stations Improvement initiative, represents the first time in Amtrak’s 53-year history that it has…
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Downtown’s new AJ Rocco’s reopening in May

If you remember AJ Rocco’s as a coffee shop in the neighboring Caxton Building in Downtown Cleveland, the new AJ Rocco’s is going to be a big change for you. Restaurant-bar owner Brendan Walton and building owner Paul Shaia spared no expense in renovating a 19th-century bank building…
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Cleveland’s Central-Fairfax: the next hot zone?

Cleveland’s Central and Fairfax neighborhoods haven’t been a hot zone for new real estate development since the Jazz Age of the 1920s and 30s. Back then, streets like Cedar, Central and Quincy were hopping with jazz clubs, speakeasies, flappers and gangsters. Aside the many night spots were factories…
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Downtown’s next crane may be MIA for a while

While the nation’s employment is high and incomes are rising, in many respects, the slowdown in new real estate construction projects is the worst the nation has seen since the credit crunch of 2008-10. Back then, everything stopped. Nothing new was getting built. Things aren’t too different now…
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New Downtown Lakewood plan, grocery store announced

Sitting dormant since Lakewood Hospital closed in 2016 and was demolished in 2019, a 6-acre city-owned site in Downtown Lakewood has a fresh strategy and a new tenant to finally reactivate it. While that strategy and a new tenant, a neighborhood grocery store, was enthusiastically received by City…
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Tower City’s Astro lifts off tomorrow

Yes, a new restaurant at Tower City Center in Downtown Cleveland really is out of this world. And The Astro Restaurant is going to lift off at 11 a.m. tomorrow, one block from the neighboring RocketMortage offices. But since the restaurant will be open only for dinner, it…
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Cleveland development: what to look for in 2024 — Downtown Three big county projects about to advance Largest Hough development in a century Downtown retail revival plan announced