Trending development, economic & real estate news
Ohio City’s north end of W. 25th to get refresh
Out goes the Hulett Hotel proposal. In comes a couple of redevelopment projects intended to reinvigorate the north end of West 25th Street in Cleveland’s Ohio City neighborhood, dubbed Hingetown. It is one of the last sections of West 25th in Ohio City whose historic buildings have yet…
Walz Library-Karam Senior Living gets city OK
It’s a $34 million project nearly six years in the making. But after a pandemic, a sharp increase in construction costs, pursuits of additional financing and working out a complicated development partnership to build essentially two buildings in one, construction is finally in sight for the new Walz…
GSA confirms Celebrezze Federal Building to be sold
The U.S. General Services Administration (GSA) today announced it will initiate a public sale of the 32-story Anthony J. Celebrezze (AJC) Federal Building, 1240 E 9th St, in Downtown Cleveland that it claims could potentially save more than $430 million in total annual operating costs.
Office leasing cools in first quarter of 2025
Greater Cleveland’s office market in the first quarter of this year saw its second-lowest amount of leasing activity, as measured in square feet, in the last 16 years since the Great Recession. Only the fourth quarter of 2021, following the pandemic and the rise of remote working, saw…
Ronayne seeks $350M to renovate lakefront stadium
Cuyahoga County Executive Chris Ronayne has submitted a request for $350 million in state bonds to fund the renovation of the existing, city-owned Huntington Bank Field on Downtown Cleveland’s lakefront. He says it is a fair, affordable request that’s on par with what Cincinnati is seeking to rebuild…
Joy Court-Old Mill Street development gets first win
There’s been lots of new housing units planned lately for the Barber-Vega-Queen (BVQ) District at the north end of Cleveland’s Clark-Fulton neighborhood. But none is as large as the project that just won approval from the city’s Near West Design Review Committee.
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