Trending development, economic & real estate news

Asiatown mixed-use development plan revived

Three years after a development team planned a mixed-use project at the closed Dave’s Market, 3301 Payne Ave., in Cleveland’s Asiatown, some members of that development team are back to invest in that site again. This time, a $42.3 million development is proposed with a more focused approach…
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Metroparks, GCRTA to aid soccer stadium project

In two different ways, two Greater Cleveland public-sector organizations are stepping up to support the Cleveland Soccer Group’s (CSG) effort to build a $150 million, 12,500-seat soccer stadium just southeast of Downtown Cleveland. Tomorrow, the Cleveland Metroparks’ board will vote on whether to acquire land for the stadium…
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New skyscraper planned for University Circle

The development team for Circle Square, a district bringing more than one million square feet of mixed-use development to market in Cleveland’s booming University Circle, is about to introduce its latest addition to this booming district. And that addition, at the southeast corner of Chester Avenue and Stokes…
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Two apartment buildings in Hub 27’s first phase

A revised plan is moving forward to fill in more of the development gap along West 25th Street between Cleveland’s booming Ohio City neighborhood to the north and the growing La Villa Hispana community to the south. In between is where the latest development, Hub 27, is poised…
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Burke Airport closure studies released by city

Two reports laying out the steps for potentially closing Burke Lakefront Airport in Downtown Cleveland were released today by Cleveland Mayor Justin Bibb’s Administration. While Bibb said the reports show there are more benefits to closing Burke than costs, he and other city officials caution that no decision…
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Slavic Village redevelopment plans progress

A Cleveland-New York development partnership is seeking financing for a significant remake of the heart of Cleveland’s Slavic Village at Broadway Avenue and East 55th Street. And an application for Low Income House Tax Credits (LIHTC) is bringing more clarity to the partnership’s redevelopment plans that were first…
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