Trending development, economic & real estate news
Circle East improvements continue, more due
In a 30-acre area of targeted investment called the Circle East District, located in East Cleveland, the Cuyahoga Land Bank announced it has completed major features of its first phase to revive the neighborhood. The multi-phase $95 million effort led by the Cuyahoga Land Bank to rebuild the…
Downtown occupancy finally rings at The Bell
Despite recent bumps in opening The Bell, the team that converted the former Ohio Bell headquarters into apartments and commercial spaces has hired two Chicago firms to market and manage the property. The announcement comes as the Downtown Cleveland building has received its occupancy permit, effectively declaring the…
Hough renovation secures financing, start date
In a long-planned redevelopment, the renovation of a vacant and vandalized 10-story apartment building at the east end of Cleveland’s Hough neighborhood finally has the green light to start work. That green light came today as $47 million in financing closed for the project and construction is due…
Cleveland’s lakefront has something no other major Great Lakes city has
When looking at Chicago’s enviable lakefront, it never had it. Toronto’s did, but not anymore. Same with Milwaukee’s and Hamilton’s but due to different circumstances. Detroit, Buffalo, Toledo and smaller cities like Green Bay and Erie never did. What are we talking about here? A busy mainline freight…
Next steps for Bedrock’s riverfront development
On Friday July 12, representatives of Bedrock Real Estate will make a presentation to Cleveland’s City Planning Commission about the upcoming steps they will take to ready the site for their ambitious $3.5 billion riverfront development plan. But a majority of those early steps boil down to just…
Cleveland to make prime Ohio City site available
For years, the underutilized McCafferty Health Center at 4242 Lorain Ave. in Cleveland’s booming Ohio City neighborhood has been a topic of interest among real estate developers and community leaders. Today, Cleveland city officials announced they will soon be entertaining proposals for the site’s development.
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