Trending development, economic & real estate news
Big developer moving HQ to Chester in Midtown
For more than 20 years, or roughly half of its organizational life, CHN Housing Partners’ headquarters has been in the same location at Cleveland’s Asia Plaza. But with a growing staff and a desire for more growth to increase the supply of affordable housing, it’s taking steps to…
Ownership stake in The Bell to be auctioned off
With a certificate of occupancy in hand and leasing to start in two weeks, The Bell, 45 E. 9th St. in Downtown Cleveland, will be the subject of an online auction scheduled for next month. The auction is intended to make available a portion of the interest in…
Ferry Cap & Set Screw razed for new development
Another big, old vacant factory in Cleveland has been knocked down. But this five-story factory, the former Ferry Cap & Set Screw Co., 2151 Scranton Rd. in Tremont, was recently the subject of a redevelopment plan. Its demolition by the owner/developer and the lack of a submitted plan…
Port finances Cleveland, Mayfield apartments & more
Two major, multi-family residential projects, one in Cleveland and the other in Mayfield Heights, got their financing packages approved today by the Cleveland-Cuyahoga County Port Authority. About $47 million in revenue bonds were approved for the two projects which represent a combined investment of $65 million.
Mortgage spat puts downtown building on market
In a weak office market, another office property has been listed for sale. But this time, a Downtown Cleveland property is hitting the market because Cuyahoga County Common Pleas Court Judge Cassandra Collier-Williams ordered it to, so as to resolve a foreclosure complaint.
Medical warehouse wins pitch competition
An ambitious and innovative plan to construct a high-tech cold storage facility for medical and pharmaceutical uses along the Opportunity Corridor Boulevard has secured the top prize in the first Cleveland Equitable Development Initiative (CLE-EDI) real estate developer pitch competition. The competition was spearheaded by Cleveland Development Advisors…
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