Trending development, economic & real estate news
Chipotle expanding to Ohio City
When the chains start replacing mom-n-pop businesses in a growing neighborhood, some welcome them as a validation of its success. Others reject them as a weakening of a neighborhood’s uniqueness that created that success in the first place. So the replacement next year of the popular Soho Chicken…
Is DeWine’s stadium tax idea a good bet?
Everything from helping to finance a new stadium for the Cleveland Browns to funding sports programs for low-income families could be supported by a new sports facility and education fund sought by Ohio Gov. Mike DeWine in his proposed state budget. But the proposed fund doesn’t pick a…
Canon Healthcare USA picks Cleveland for HQ
Over the past several years, Canon Healthcare USA was considering multiple locations inside and out of Greater Cleveland for its new headquarters. While most real estate insiders believed it would land at the former IBM Explorys headquarters, 10500 Cedar Ave., in Cleveland’s University Circle, it was not a…
Receiver appointed for Downtown office complex
On Friday, Judge Christopher Boyko at the U.S. District Court for the Northern District of Ohio ordered the North Point office complex in Downtown Cleveland be placed in the hands of a receiver to manage the property and, more specifically, to pay its creditors. The request was made…
Downtown hotel to have new operator
After 26 years in business, Downtown Cleveland’s Holiday Inn Express, 629 Euclid Ave., will close. But its already got a replacement lined up in the form of an AC Hotel by Marriott, according to a developer leading the transformation.
Ohio City apartment building planned
A 109-unit market-rate apartment building planned along West 26th Street in Cleveland’s Ohio City neighborhood recently passed its first hurdle. But it has more to come, including a rezoning, vacating an alley, design-review approvals and winning over urban neighbors who expressed fears of the multi-family development.
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