Trending development, economic & real estate news
The downtown tower that almost was
High construction and financing costs along with a longer move-in timeline doomed an intriguing new Downtown Cleveland headquarters building for a growing tech firm relocating from Mayfield Heights. Those construction market headwinds along with the rise in remote working led to Park Place Technologies finding an existing office…
Cuyahoga Valley Scenic RR to downtown Cleveland to be studied
While it’s only 10 miles from the northern terminus of the Cuyahoga Valley Scenic Railroad (CVSR) in suburban Independence to Downtown Cleveland, it will take years to get there in the best of circumstances. But that first step in the long journey was taken today when a metropolitan…
Brooklyn Centre’s Pearls of development
For real estate investor Kostas Almiroudis, rebuilding one historic building on Pearl Road in Cleveland’s Brooklyn Centre wasn’t enough of a labor of love and pain for him. Across a side street, he’s seeking to embark on an even more ambitious project — renovate another mixed-use building, build…
Cuyahoga County nears a courthouse decision
Cuyahoga County and its real estate consultant are getting closer to making a recommendation for a Consolidated Courthouse proposal in downtown Cleveland. NEOtrans has learned that one or more proposals were eliminated from further consideration in part because the timeline for delivering a new or renovated/expanded courthouse facility…
Cleveland seeks urban core tax-increment financing district
Cleveland’s biggest source of tax base is its downtown which supports services and infrastructure in the rest of the city. City officials are seeking to leverage investments in its urban core to create a feedback loop to support downtown and other neighborhoods. But not everyone is convinced this…
Blue Abyss lands next to NASA Glenn
A Cornwall, UK-based company called Blue Abyss Diving Ltd., has acquired land in the Cleveland suburb of Brook Park for a $250 million commercial astronaut training facility and hotel, according to public records and a press release from the company. According to an economic impact study commissioned from…
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