Trending development, economic & real estate news
Cleveland Metroparks wins $19.5M for East Side trails
Cleveland Metroparks announced it has been awarded a $19.5 million federal grant, the largest ever to be received by organization to construct 4 miles of all-purpose trails on the city’s southeast side into Downtown Cleveland. Construction work on the trail segments is planned to begin in 2026.
Downtown’s Rose Building to be hotel, apartments
In a strategic collaboration that allows Cleveland’s urban gems to shine in a new light, Spark GHC and Cleveland Construction today announce a groundbreaking joint venture. Project Scarlet represents a significant commitment of $100+ million to transform a 400,000-square-foot office space, formerly Medical Mutual’s headquarters, into a dynamic…
Cleveland-Akron-Canton train route a puzzle
Last week, a bipartisan group of Ohio Congresspersons wrote to Ohio Department of Transportation (ODOT) Director Jack Marchbanks asking his department to include an Akron-Canton-area station stop in its upcoming passenger rail development plans. Those plans for Northeast Ohio include potential new Amtrak services from Cleveland to Toledo…
Big developer moving HQ to Chester in Midtown
For more than 20 years, or roughly half of its organizational life, CHN Housing Partners’ headquarters has been in the same location at Cleveland’s Asia Plaza. But with a growing staff and a desire for more growth to increase the supply of affordable housing, it’s taking steps to…
Ownership stake in The Bell to be auctioned off
With a certificate of occupancy in hand and leasing to start in two weeks, The Bell, 45 E. 9th St. in Downtown Cleveland, will be the subject of an online auction scheduled for next month. The auction is intended to make available a portion of the interest in…
Ferry Cap & Set Screw razed for new development
Another big, old vacant factory in Cleveland has been knocked down. But this five-story factory, the former Ferry Cap & Set Screw Co., 2151 Scranton Rd. in Tremont, was recently the subject of a redevelopment plan. Its demolition by the owner/developer and the lack of a submitted plan…
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