Trending development, economic & real estate news

Cleveland skyscraper’s new owner plans upgrades

Purchase of Downtown Cleveland’s third-tallest skyscraper last week was officially confirmed today by the skyscraper’s new owner. A partnership of Namdar Realty Group and Mason Asset Management, both of Long Island, NY, also said they have a formed a five-year capital plan to improve 200 Public Square and…
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County courthouse to have new address?

A Cuyahoga County committee has reportedly rejected all but one of the proposals that could have kept a Consolidated Courthouse at the current site of Downtown Cleveland’s existing Justice Center. NEOtrans has learned that, of the four surviving proposals, one involves a complicated, time-consuming double-move of courthouse functions…
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Playhouse Square arrives at Greyhound Station

Playhouse Square Foundation this week closed a deal to acquire the Greyhound station in Downtown Cleveland to expand the theater district northward and convert the station into an entertainment/dining venue, according to a source familiar with the transaction. While Playhouse Square officials were mum on their plans, a…
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Cleveland planners OK 150-foot-tall billboard in Flats

Cleveland City Planning Commission today approved placing a 150-foot-tall pole-mounted billboard at a Flats East Bank property owned by an affiliate of controversial local businessman Tony George. It is the second of three billboards that George has received city permission to build in order to fulfill a court-approved…
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Ohio City retail defies recent trends

This spring, the flowers aren’t the only things blooming in Cleveland’s Ohio City neighborhood. So are the new stores and plans for more, including restaurants and cafes. While many new and renovated buildings have opened elsewhere in the city, their ground-floor retail spaces tend to fill with a…
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Lorain Road corridor wins transit planning grant

In a continuing effort to create more affordable housing and transportation choices for Americans, the Biden-Harris Administration and the U.S. Department of Transportation’s Federal Transit Administration (FTA) yesterday announced $17.6 million in grants going to 20 communities in 16 states to support equitable Transit-Oriented Development (TOD). Greater Cleveland…
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Cleveland development: what to look for in 2024 — Downtown Three big county projects about to advance Largest Hough development in a century Downtown retail revival plan announced