Trending development, economic & real estate news
Gateway parking lots are closed – forever?
Another parking crater in Downtown Cleveland has succumbed to a new development that promises to attract hundreds of thousands of visitors per year. The latest to disappear is a windswept, 3-acre parking lot in the Gateway District, across Huron Road from Rocket Arena, home to Cleveland Cavaliers basketball…
Two Cleveland housing developments to benefit from new funding program
The local affiliate of a national nonprofit organization today announced the first of two financing commitments for the new Cleveland Housing Investment Fund (CHIF). Both commitments are long-planned affordable housing developments that will help address the city’s affordable housing crisis.
Chester 82 joins Park Synagogue in Port funding
The Port of Cleveland Board of Directors today approved $50 million in bond financing to support two significant development projects — the redevelopment of the historic Park Synagogue in Cleveland Heights and a new apartment community along Chester Avenue in Cleveland’s Hough neighborhood.
Park Synagogue redevelopment OK’d
The City of Cleveland Heights has reached an agreement with a local, experienced real estate developer to help finance the redevelopment of the former Park Synagogue and its green space as an arts campus and residential village.
West-side CDCs make changes at the top
Making a move from leading one nonprofit community development corporation for another can sometimes make inferences about the place they’re leaving. But in David Robinson’s lateral move, due to start next week, it says more about the place he’s moving to — a place called home.
Brook Park stadium public infrastructure costs rise to $122 million
Building a 67,000-seat stadium where none has existed before is proving to be a big expense for expanding road and transit systems to accommodate huge surges in traffic on a relatively small number of event days each year. And it is government funding that is being requested to…
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