Trending development, economic & real estate news

McCafferty Center site to be senior housing

Affordable housing developer Pennrose, LLC. is looking to build on the success of its other Cleveland-area projects with its next venture, this time on the city’s west side. The national developer is partnering with Ohio City Incorporated (OCI) to construct a 72-unit apartment building geared towards seniors and…
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Sherwin-Williams HQ grand opening set, tower isn’t

Although the grand-opening ceremony for the new Sherwin-Williams headquarters tower has been set, repairs to already finished areas are pushing occupancy of the tower months farther into the future. Some employees told NEOtrans they don’t expect to migrate over to the new tower until next fall.
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City seeks future TIF funds for Riverfront work now

Mayor Justin Bibb’s administration is requesting an important amendment to the city’s riverfront tax increment financing (TIF) district that would do three things. One spells out exactly what infrastructure work would be done. A second would extend the 30-year TIF to 42 years. And the third and perhaps…
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Little Italy’s Singer Steel has new owner

Singer Steel on Random Road in Cleveland’s Little Italy has a new owner — a local real estate developer. But the property, used as covered parking, has a steady revenue stream even if it isn’t developed (Google). CLICK IMAGES TO ENLARGE THEM. Developer has no immediate plans for…

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Metroparks seeks funds to demolish Flats mill

Since the 1930s, the massive Grain Craft silos have been a familiar sight along the Cuyahoga River, on the Flats’ Columbus Road peninsula. But they may not be around much longer if a planned application for demolition and clean-up funds by the Cleveland Metroparks is successful.
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