Trending development, economic & real estate news
Investors’ make next play in Old Brooklyn
Some developers focus on building homes in all-residential neighborhoods. Others focus on building and renovating commercial spaces on busy streets. It’s not often that a developer pursues both with the goal of each supporting the other. But that’s what a new development firm comprised of experienced real estate…
Buyer emerges for prime TOD site
A Michigan-based self-storage company that has been expanding its property holdings in Ohio is adding another. This time it’s a property that’s been courted for decades by developers and planners as a potential site for Transit Oriented Development (TOD).
Scranton Peninsula makes space for 1,000 residents
In 2024, Cleveland’s Scranton Peninsula was home to a single resident. Now the construction of 609 homes ranging from studio to 3-bedroom apartments creates the residential capacity for more than a thousand.
Rafih Auto Group Development OK’d
Two luxury car dealerships that first sought to redevelop part of Great Northern Mall in North Olmsted are now heading to Avon in Lorain County instead. It’s the latest symptom of urban sprawl that’s driving high-profile Cuyahoga County businesses into the collar counties.
Sherwin-Williams HQ boosts office market
Although the occupancy of Sherwin-Williams’ new 1-million-square-foot headquarters downtown has caused a brief boost to Greater Cleveland’s office market, a new report showed that longer-term, structural changes to the market are causing it to return to more pre-pandemic conditions.
Bedrock Riverfront development evolves
According to sources and a recent presentation by Rock Entertainment Group CEO Nic Barlage, Bedrock Real Estate’s Downtown Cleveland Riverfront plans are flowing like the Cuyahoga River, below the ice and out of sight. But the revisions reveal the desire of Rock Ventures owner Dan Gilbert to deliver…
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