Trending development, economic & real estate news
Downtown Lakewood project starts
At long last, construction crews are on location today to begin site preparation for the $115 million Downtown Lakewood mixed-use development called Lakewood Common. It’s a sign of progress that’s been pursued by two mayors and two different developers since the city-owned Lakewood Hospital was closed by Cleveland…
St. Clair-Superior is Mandel’s next big bet
If you’ve noticed the Jack, Joseph and Morton Mandel Foundation’s name on some recent, significant investments in Cleveland’s St. Clair-Superior neighborhood, that’s not just because applicants from that area happened to submit some compelling grant requests at roughly the same time.
New Browns’ Brook Park stadium to have among least parking in NFL
Last night, in the hours before the Green Bay Packers hosted the Washington Commanders for a football game at historic Lambeau Field, fans did what they do everywhere else. They parked their cars, maybe did a little tailgate partying before walking to the stadium and paid a handsome…
McCafferty Center redo gets warm reception
Plans for demolishing a city-owned health center in Cleveland’s Ohio City neighborhood and replacing it with 72 affordable senior apartments over offices plus community spaces got a warm reception today from the city’s Landmarks Commission.
Cleveland developments get $54M from Port
More than $54 million in bonds were awarded today by the Port of Cleveland for three Cleveland real estate developments including a luxury downtown hotel and an Ohio City apartment complex.
Cleveland Clinic sells, leases back 24 facilities
A large-scale sale-leaseback of 24 facilities in Ohio and Florida is underway, and it’s Greater Cleveland’s largest employer that’s initiating it. The sale-leaseback was sought by Cleveland Clinic, and the buyer is MedCraft HealthCare Real Estate. a suburban Minneapolis-based health care real estate company.
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