Trending development, economic & real estate news
Greyhound station may leave downtown
Cleveland may soon join the list of medium- and large-sized cities whose central business districts have lost their Greyhound bus stations to less-accessible locations. And that’s of concern to low-income travelers, college students and others trying to save money or avoid the stress of driving while traveling to…
Addressing the shortage of for-sale housing
Despite the rise in interest rates, there continues to be strong demand for new housing in Greater Cleveland, especially in hot sub-markets like where Cleveland’s Detroit-Shoreway neighborhood meets Ohio City. In areas like that, homes sell for about 2 percent above the list price and get an accepted…
Cleveland has designs on its waterfronts
For much of the city’s 227-year history, public officials have been accused of ignoring Cleveland’s waterfronts and especially its lakefront. But there’s now a flurry of activity to turn conceptual ideas into blueprints which will not only help city officials apply for construction funding but to actually build…
GCRTA wins $130m for new trains
In 2021, as chair of the U.S. Senate Banking, Housing and Urban Affairs Committee, which has jurisdiction over public transportation, U.S. Senator Sherrod Brown (D-Ohio) championed the creation of a new federal program to fund the replacement of aging rail transit cars. Today, he shared the news that…
Stokes West redesigned
It seems every real estate developer is having similar problems — supply constraints, rising construction materials costs and rising interest rates. Only those projects that are charging top-of-the-market rents, have investors with low expectations for returns on investment, or received a ton of subsidies are getting built. So…
North Coast Connector: ready for its close-up
The North Coast Connector — a project that’s considered by many city and community development officials as the key to unlocking the potential of downtown Cleveland’s lakefront — is starting to come together. The state is moving forward on a big piece of funding for its construction. The…
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