Trending development, economic & real estate news
GCRTA breaks ground on new E. 79th rail station
Sometimes a piece of underutilized infrastructure can be revived to be a part of not only its own rebirth, but that of its surrounding area. And in return, that rebirth helps to justify the existence of the infrastructure in the first place. In this case, the infrastructure is…
Haslams buy $25M beachfront mansion in Florida
Three days after Ohio officials approved $600 million in state funds for the Haslam Sports Group’s new stadium in suburban Cleveland, billionaires Dee and Jimmy Haslam closed on the purchase of a $25 million beachfront mansion in Florida. The two events are either a remarkable coincidence or some…
CHEERS permits drag on, Port makes interim move
With federal permitting dragging on to allow the Port of Cleveland to build on offshore island east of downtown, the Port board yesterday awarded a $4 million contract so the port could continue to deposit sediment from the Cleveland harbor and Cuyahoga River at the northeast corner of…
Cleveland developments to benefit from HB96
When sifting through the many development incentives in the state’s newly passed two-year budget, it becomes clear that a lot of Cleveland urban core projects are going to be eligible for them and potentially benefit from them. But, as we saw from a state program to aid megaprojects,…
Year-round beer garden planned for Ohio City
A long-vacant gas station and underutilized historic building at the southwest corner of Lorain Avenue and West 38th Street is proposed to become a near-west-side expansion for Noble Beast Brewing Co. But this wouldn’t be another brewpub in Cleveland’s Ohio City neighborhood. Instead, if realized, it would be…
Port OKs financing for Berea, Cleveland, Lakewood, Richmond Hts developments
The Port of Cleveland board of directors today approved bonds for five major development projects in four communities across the region — Berea, Cleveland, Lakewood and Richmond Heights. The total investment from the developments in these communities exceeds $405 million.
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