Trending development, economic & real estate news

Severance Center remake in the works

Severance Town Center is considered by Cleveland Heights Mayor Kahlil Seren as his community’s greatest development opportunity and challenge. That challenge has been taken on by MPACT Collective of Long Island, NY by signing a master developer agreement with Namdar Realty Group which owns much of Severance Center’s…
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Ohio Capital Budget’s Cuyahoga County projects

Ohio Gov. Mike DeWine said he is eager to sign the largest capital budget in the state’s history. This $4.2 billion goody bag of Senators’ and Representatives’ gifts to their constituents was passed yesterday, resulting from a strong economy and robust tax revenues that fed a record budget…
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Cleveland, NE Ohio projects win historic tax credits

From Downtown Cleveland to the suburbs to outlying cities in Northeast Ohio, nearly a dozen planned redevelopments of aging buildings were blessed with historic tax credits from the state. They were among 35 awards totaling more than $68 million to preserve dozens of historic buildings in 12 communities…
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Cleveland Metroparks wins $19.5M for East Side trails

Cleveland Metroparks announced it has been awarded a $19.5 million federal grant, the largest ever to be received by organization to construct 4 miles of all-purpose trails on the city’s southeast side into Downtown Cleveland. Construction work on the trail segments is planned to begin in 2026.
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Downtown’s Rose Building to be hotel, apartments

In a strategic collaboration that allows Cleveland’s urban gems to shine in a new light, Spark GHC and Cleveland Construction today announce a groundbreaking joint venture. Project Scarlet represents a significant commitment of $100+ million to transform a 400,000-square-foot office space, formerly Medical Mutual’s headquarters, into a dynamic…
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Cleveland-Akron-Canton train route a puzzle

Last week, a bipartisan group of Ohio Congresspersons wrote to Ohio Department of Transportation (ODOT) Director Jack Marchbanks asking his department to include an Akron-Canton-area station stop in its upcoming passenger rail development plans. Those plans for Northeast Ohio include potential new Amtrak services from Cleveland to Toledo…
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