Trending development, economic & real estate news
Ohio City hotel gets financing extension
A state panel this week extended its offer to help finance construction of a new 129-room boutique hotel in Cleveland’s Ohio City neighborhood. While that doesn’t guarantee the hotel will move forward, the developer leading the project said construction can’t start without the state’s financing.
Bedrock buys more riverfront land
While public records show Bedrock Real Estate is buying more Downtown Cleveland land along the Cuyahoga River, so far only rumors give any indications as to why. Interestingly, the targeted property is not included in Bedrock’s $3.5 billion Riverfront development masterplan. Then again, neither is the rumored land…
Port wins state funds for major projects
The Cleveland–Cuyahoga County Port Authority was awarded $4.2 million for two major projects to advance them from planning into construction. The funding was awarded through the Ohio Maritime Assistance Program (MAP), a competitive Ohio Department of Transportation (ODOT) grant program supporting strategic maritime infrastructure investments across Ohio.
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.
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