Trending development, economic & real estate news

Development near Edgewater Park revived

Three years ago, a team led by Beachwood-based Property Advisors Group (PAG) planned to build a large residential development at 8400 Lake Ave., overlooking Edgewater Park in Cleveland’s Detroit-Shoreway neighborhood. But with construction costs and interest rates rising, the timing wasn’t right. While costs are still high, the…
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Fenn Tower leads historic tax credit winners

Northeast Ohio did well in the latest round of Ohio Historic Preservation Tax Credit Program awards, garnering nearly half of all awards in terms of dollar amount and total number of projects aided today. By contrast, only one project in fast-growing Central Ohio was awarded historic tax credits…
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Cleveland Clinic to nearly double Avon Hospital’s size

To meet the growing demand for patient care on Cleveland’s west side, a growing Cleveland Clinic announced plans to significantly expand both Avon Hospital and Richard E. Jacobs Family Health Center. The $340 million project would nearly double the size of the campus, which is located just north…
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Ports of Cleveland, Shannon Foynes to link USA, EU

Officials from the Port of Cleveland have signed a strategic agreement with those of Shannon Foynes Port Company (SFPC), Ireland’s second-largest port operator, to strengthen trade ties and unlock new business and economic opportunities between the Great Lakes region and Europe.
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Sinito walks away from running Millennia

Frank Sinito Sr., founder of Millennia Companies, has stepped away from managing the day-to-day business of one of the nation’s largest owners and managers of affordable housing properties. In announcing this and other leadership changes, the company said it will be selling off parts of its affordable housing…
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Downtown Cleveland won’t miss the Browns

A downtown is a horrible place for a National Football League (NFL) stadium. It’s why half of the 32 NFL teams don’t play their home games at downtown-based venues. And when the Cleveland Browns leave downtown for suburban Brook Park, it will be Downtown Cleveland that gains the…
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