Trending development, economic & real estate news
Downtown dealmaking takes time, new approaches
Although the real estate listing for Ohio Savings Plaza, 1801 E. 9th St. and its associated Park Plaza, 1111 Chester Ave., show their transaction status as “under contract,” it’s been that way for many months. It will retain that status for at least two more months. What’s going…
Stockyards nuisance is finally coming down
By the end of this month, a former box factory turned nuisance at 7275 Wentworth Ave. in Cleveland’s Stockyards neighborhood will be visited by the wrecking ball. But crews are already on site cleaning up the long-vacant building that has been used by vagrants, drug users and dealers…
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…
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