Trending development, economic & real estate news

University Circle site offered for mid-rise apartments

A small piece of land in University Circle with big possibilities is being offered for sale or redevelopment in partnership with the current owner, Rico Pietro, a well-known local real estate broker. But no construction is imminent as the current user, a contract ambulance service for Cleveland Clinic,…
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Warner & Swasey faces $2M gap, needs help

Perhaps as early as Monday, affordable housing developer Pennrose LLC of Philadelphia will get a deed and the keys to the hulking mass of brick. concrete, steel and memories that is the Warner & Swasey Co. factory, 5701 Carnegie Ave. The hope since 2018 has been to turn…
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Bedrock to prep Downtown’s ‘Rock Block’

Site preparations for a significant new development called the “Rock Block” are sought in the Gateway District of Downtown Cleveland. But the permit application outlining the proposed preparations offers more questions than it provides answers as to what may rise here and when. There are some answers and,…
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Midtown Lofts advances with support, concerns

Asiatown was a neighborhood that was on the upswing 20 years ago. There were new restaurants, shopping venues like Asia Plaza, Tyler Village and other commercial developments, multiple new housing offerings such as the Asian Evergreen and Body Block Arcade apartments, plus several longstanding grocers including Dave’s Market,…
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Capitol Theatre may need a new plot written

It’s a tough time for the film industry, and an even tougher time for historic theaters like the Capitol Theatre, 1390 W. 65th St., trying to pay its bills. The 104-year-old venue in Cleveland’s Gordon Square Arts District has an uncertain future regardless of its owner trying to…
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