Trending development, economic & real estate news
Officials urge Haslams to publicly release their Lakefront Stadium renovation plans
After the first image of a renovated Huntington Bank Field on Downtown Cleveland’s lakefront was publicly released today by Scene Magazine, local officials are asking why it and other images weren’t released sooner by the owners of the Cleveland Browns so that the public could have a more…
Hopkins Airport remake about to take flight
Mayor Justin Bibb and Port Control Director Bryant Francis unveiled plans and action steps this morning for a $1.6 billion first-phase, five-step program of improvements to Cleveland Hopkins International Airport in the next seven years, representing the start of more phases to come. The improvements come as Hopkins…
Ohio City’s north end of W. 25th to get refresh
Out goes the Hulett Hotel proposal. In comes a couple of redevelopment projects intended to reinvigorate the north end of West 25th Street in Cleveland’s Ohio City neighborhood, dubbed Hingetown. It is one of the last sections of West 25th in Ohio City whose historic buildings have yet…
Walz Library-Karam Senior Living gets city OK
It’s a $34 million project nearly six years in the making. But after a pandemic, a sharp increase in construction costs, pursuits of additional financing and working out a complicated development partnership to build essentially two buildings in one, construction is finally in sight for the new Walz…
GSA confirms Celebrezze Federal Building to be sold
The U.S. General Services Administration (GSA) today announced it will initiate a public sale of the 32-story Anthony J. Celebrezze (AJC) Federal Building, 1240 E 9th St, in Downtown Cleveland that it claims could potentially save more than $430 million in total annual operating costs.
Office leasing cools in first quarter of 2025
Greater Cleveland’s office market in the first quarter of this year saw its second-lowest amount of leasing activity, as measured in square feet, in the last 16 years since the Great Recession. Only the fourth quarter of 2021, following the pandemic and the rise of remote working, saw…
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