Trending development, economic & real estate news
The Arch at St. Michael gets underway
Renovation work for The Arch at St. Michael is a day old. The funding program to pay for the renovations is 50 years old. And the Gothic Revival beauty located in Cleveland’s South Tremont neighborhood that will gain new life from the work is 118 years old. Combined,…
Stella Maris buys Flats site to expand
After nearly eight years on the market, a small parcel at 2208-2210 Superior Viaduct at the west edge of Cleveland’s Flats District has sold to a growing stakeholder in the neighborhood. Addiction treatment center Stella Maris Inc. acquired the property and proposes to renovate an existing building on…
Market District Lofts in Ohio City to expand
On most other plots of land, adding 17 homes to it would be noticeable from the street. But if a proposed expansion of the Market District Lofts in Cleveland’s Ohio City neighborhood happens, it might be the most below-the-radar residential development in the urban core since The Residences…
Downtown property owner penalized for tax credit ‘double-dipping’
A U.S. Tax Court judge in Washington D.C. has agreed with the Internal Revenue Service (IRS) in disallowing a $22.6 million tax deduction claimed by Corning Place Ohio, LLC for not building a 34-story vertical addition on top of its 19th-century Garfield Building, 1965 E. 6th St., in…
A strategic perspective of the Cleveland Browns Stadium
The Cleveland Browns have long been a cornerstone of Greater Cleveland, symbolizing community pride and excitement, and contributing to the local economy and cultural identity. While the current debate around the Browns’ future stadium is heavily focused on facility location and financial issues, it is crucial to recognize…
Ohio City hotel development revealed
A successful business finds an unmet need in a market and fills it. According to Places Development founder and Managing Principal Dan Whalen, the lack of a hotel west of Downtown Cleveland to near Hopkins International Airport is just such a gap in the market. To fill that…
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