Trending development, economic & real estate news
Tariffs may cut GCRTA railcar order by 10%
For the first time in more than four decades, the Greater Cleveland Regional Transit Authority is replacing its rapid transit trains — the oldest fleet of railcars used by any U.S. transit agency. But that rare $450 million opportunity to modernize its rail system could end up 10…
Two more big Lakewood developments
Detroit Avenue in Lakewood is becoming a hot zone of multifamily developments. One project at the Steve Barry Buick site is well underway. Another, Lakewood Common, is just getting started. And two new developments are planned at sites where other, similar buildings were sought before.
CWRU-led effort a finalist for $160M advanced manufacturing program
Northeast Ohio’s ambitious goal of becoming a national epicenter for advanced materials and industrial innovation over the next decade, with the goal of creating 20,000 manufacturing jobs, has advanced to the next stage.
The Park opens its doors in Tremont
It’s like a secret hidden behind a 19th century Cleveland neighborhood, found only by wandering the back streets of Tremont’s Lincoln Heights section. And just when you’re wondering if you made a wrong turn, The Park jumps out at you like a surprise.
ODOT-Aviation reverses course, OKs permit for new Browns stadium
After initially denying approval, the Ohio Department of Transportation (ODOT) today reversed course and approved a permit for construction of the new, enclosed Huntington Bank Field in Brook Park near Cleveland Hopkins International Airport.
Another Cleveland-area shopping center sold
For the sixth time this year, another large, multitenant retail center in Greater Cleveland has sold. JLL Capital Markets announced today that it arranged the $13.8 million sale of Fairview Centre, a 147,602-square-foot, grocery-anchored shopping center in Fairview Park.
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