Trending development, economic & real estate news

Hotel planned for historic grain mill in Flats

Roughly $10.3 million in federal historic tax credits were awarded to a proposed $61.6 million redevelopment of an abandoned 19th-century riverfront flour mill in Cleveland’s Flats into a hotel and supportive uses. And up to $5 million in state historic tax credits may be added by the end…
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Cleveland Council OKs Browns settlement

With a 13-2 vote tonight, Cleveland City Council authorized a proposed settlement agreement between Mayor Justin Bibb’s administration and the Haslam Sports Group (HSG), owners of the Cleveland Browns football team. The deal involved some last-minute negotiations as it wasn’t even on council’s agenda earlier today.
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Heights developments reach new heights

This snowy edition of Progress Pics highlights the multiple developments under construction around the eastern suburbs. In total, several hundred residential units are set to open next year in Cleveland Heights, University Heights, Shaker Heights and Richmond Heights alone.
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Cleveland among fastest warming cities in USA

Despite the snowy Thanksgiving holiday, Cleveland’s status as a climate refuge got a warm review thanks to new data from the National Oceanic and Atmospheric Administration (NOAA). In the last decade, only three U.S. cities’ climates warmed faster than Cleveland’s, according to the new data.
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Haslam-Cleveland lakefront deal delayed

One deadline has passed. Another is about to. And a third is coming up. But by the end of the year, Cleveland Mayor Justin Bibb’s administration hopes to have a much more coherent vision of Downtown Cleveland lakefront development whose private-sector investment could exceed $1 billion — with…
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