Trending development, economic & real estate news

Pinecrest bought by North Carolina firm

Tanger, a publicly traded owner and operator of outlet and open-air retail shopping destinations, has acquired Pinecrest, a 640,000-square-foot open-air, grocery-anchored, mixed-use center in one of the most desirable submarkets of Greater Cleveland.
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UH invests $3M in housing next to League Park

Two big actions happened in the past week to support new affordable housing next to Historic League Park in Cleveland’s Hough neighborhood. One was a $3 million investment by University Hospitals in the proposed Gateway66 apartment complex. The other was a building permit application submitted to the city…
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Great Lakes Brewing picks Scranton Peninsula

There’s still a lot we don’t know about Great Lakes Brewing Company’s (GLBC) vision for Scranton Peninsula in Cleveland. But NEOtrans has learned that there are once again plans for the independent craft brewery to make a big investment in Cleveland Flats rather than relocate to an exurban…
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University Circle tower goes back to drawing board

Design review of East Stokes, what would be University Circle’s tallest building, was moving along at a rapid clip last fall. Things were moving so quickly that the development team, led by PCP Voyager, anticipated that if City Planning Commission could approve the final plans by Thanksgiving, a…
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Commission OKs Bedrock’s riverfront masterplan

A design review panel of Cleveland’s Planning Commission today approved Bedrock’s final masterplan for its multi-phase, $3.5 billion riverfront development. But while the vote was unanimous, commission members asked some pointed questions about how all of its components would successfully come together.
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Greater Cleveland economic, real estate, development, construction news