Trending development, economic & real estate news
Downtown’s historic Chancery Building to be renewed
One of Downtown Cleveland’s oldest surviving buildings is about to see a structural renewal that also offer a more uplifting place for hundreds of people to work and visit. The Chancery Building, 1027 Superior Ave., was built in 1888 as a school but later was converted to offices….
Downtown steam plant to be razed, redeveloped
Eight redevelopment project sites won a total of nearly $18 million from the Ohio Department of Development’s Brownfield Program so the sites can be cleaned up and, in some cases, their existing structures are to be demolished. One of those where demolition is planned is the former Cleveland…
Two new Hough developments sell for $30M
In a $30.6M deal, a national real estate investment firm added 119 newly constructed apartments in Cleveland’s Hough neighborhood to its growing portfolio. New Jersey-based Reynolds Asset Management acquired Park Lamont, 9606 Lamont Ave., and The Lumos, 1866 E. 93rd St. Both are located a short walk or…
I-X Center’s new use revealed
According to two sources familiar with the matter, the International Exhibition (I-X) Center next to Cleveland Hopkins International Airport will become a data center. And, according to one of those sources, the end user is likely to be Amazon Web Services.
Glenville Job-Ready Site more than doubles in size
Too much is never enough. When you’re marketing land to new end-users, you can’t have enough clean, developable land in the urban core. And one of the largest, if not the largest in the city of Cleveland has just been assembled by the Cuyahoga Land Bank. The site…
Walz Library-Karam Senior Living groundbreaking set
Following up on a story first reported by NEOtrans a month ago, the long-planned Walz Branch of the Cleveland Public Library (CPL) and Karam Senior Living apartments will indeed see construction start in June. In fact, a groundbreaking ceremony is scheduled at 10 a.m. this Friday at the…
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