Trending development, economic & real estate news
Welleon gets an ‘A’ in testing Cleveland’s market
It used to be rare to see a newly constructed Cleveland apartment building filling out at rents of more than $2 per square foot and leasing out in less than two years. But those were the old days — “way back” in the 2010s. Today, it’s common to…
EPA gives Greater Cleveland $129.4M for five solar arrays, reforestation
The U.S. Environmental Protection Agency (USEPA) today awarded $129.4 million in federal funding to the Greater Cleveland area to produce cheaper, more competitive, cleaner electricity locally. The funded work includes constructing five solar arrays in four communities, closing a coal-fired power plant in Painesville and supporting reforestation efforts…
Biotech biz plans $12M investment in East Cleveland
One week after the Cuyahoga Land Bank completed a $3.5 million renovation of the Mickey’s building, 12550 Euclid Ave., in East Cleveland, it announced the sale of the building to Verdynt Bio, a Boston-based science facility developer with strong ties to Ohio. Verdynt Bio’s operations partner, SKYLIIT Labs,…
West 73rd Apartments site on the market
In a move that came as a surprise to some members of its development team, a New York-based developer has decided to sell one of the last-remaining open development sites in Cleveland’s hot Gordon Square neighborhood near Lake Erie. The offering of 1321-1357 W. 73rd St. comes after…
Slavic Village site chosen by a growing business
A new and growing business is seeking to move from its rented space in Cleveland’s Old Brooklyn neighborhood to put down stakes somewhere. And it found that somewhere in a faded brick building at 5363 Broadway Ave. in Slavic Village.
Downtown Cleveland’s glimmers of hope
While it seems like foot traffic is up in Downtown Cleveland since the pandemic four years ago, different organizations that measure the city’s central business district’s economic performance have numbers backing up that perception. And that’s also reflective of increased numbers of workers returning to their offices and…
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