Trending development, economic & real estate news

Haslams acquire Brook Park land for stadium

Although the deed transfer was signed June 24, the document transferring 179 acres of land to an affiliate of the Haslam Sports Group for a new stadium in Brook Park didn’t become public until today. Nonetheless, this is the deal that helps set the stage for the construction…
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Hough senior housing tests first new zoning in 96 years

Cleveland City Planning Commission today approved designs for a 55-unit affordable senior housing development in Cleveland’s Hough neighborhood. While that isn’t such a big story anymore, given the heightened pace of investment in this former poster child enclave of urban decay, it is when you consider the plans…
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Development near Edgewater Park revived

Three years ago, a team led by Beachwood-based Property Advisors Group (PAG) planned to build a large residential development at 8400 Lake Ave., overlooking Edgewater Park in Cleveland’s Detroit-Shoreway neighborhood. But with construction costs and interest rates rising, the timing wasn’t right. While costs are still high, the…
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Fenn Tower leads historic tax credit winners

Northeast Ohio did well in the latest round of Ohio Historic Preservation Tax Credit Program awards, garnering nearly half of all awards in terms of dollar amount and total number of projects aided today. By contrast, only one project in fast-growing Central Ohio was awarded historic tax credits…
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Cleveland Clinic to nearly double Avon Hospital’s size

To meet the growing demand for patient care on Cleveland’s west side, a growing Cleveland Clinic announced plans to significantly expand both Avon Hospital and Richard E. Jacobs Family Health Center. The $340 million project would nearly double the size of the campus, which is located just north…
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Ports of Cleveland, Shannon Foynes to link USA, EU

Officials from the Port of Cleveland have signed a strategic agreement with those of Shannon Foynes Port Company (SFPC), Ireland’s second-largest port operator, to strengthen trade ties and unlock new business and economic opportunities between the Great Lakes region and Europe.
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