Trending development, economic & real estate news
Irishtown Bend Park design features unveiled
Tomorrow, the board of the Cleveland Metroparks is expected to authorize requesting a $10.8 million grant from the state to pay a significant portion of the construction costs of the planned Irishtown Bend Park in Cleveland’s Ohio City neighborhood. The proposed improvements and their projected costs are based…
Cleveland suburban office market ‘bloodbath’
The numbers are downright ugly. High office vacancy rates and even higher availability rates exceeding 20 percent owing to a big jump in office spaces available for sub-lease. Numerous Class A office buildings are for sale with few if any interested buyers. For those in a buying mood,…
Downtown Cleveland’s recovery accelerated in 2023
In a data-heavy report released today, Downtown Cleveland, Inc. (DCI) outlined its achievements in continuing the recovery of Cleveland’s business and hospitality center and one of Cuyahoga County’s fastest-growing residential areas. The data, contained in the 2023 Downtown Cleveland Economic Development Report, says the recovery of Cleveland’s central…
Flats On Pearl OK’d, Row On Garden tabled
A next step for developer Kostas Almiroudis went forward when the Cleveland Landmarks Commission approved plans for the mixed-use Flats On Pearl. But the commission didn’t take as many steps forward as Almiroudis wanted, in requesting the demolition of four neighboring, decayed houses and a small townhouse development…
New design for Cleveland Shoreway tower OK’d
A desire to make a proposed residential tower overlooking Cleveland’s Edgewater Park more viable produced a design that won for it more praise from a city review panel. The proposed 13-story Shoreway tower grew from 95 apartments to 112 and shrunk its floorspace from 204,400 square feet to…
Hamilton Brown, Niro to lead St. Clair-Superior CDC
A well-known name in Cleveland development circles this week has lost the “interim” prefix to her job title as executive director of the St. Clair Superior Development Corporation (SCSDC) in Cleveland. Not only did Terri Hamilton Brown become the Cleveland neighborhood’s new permanent director, Michael Niro was named…
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