Trending development, economic & real estate news
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…
Ronayne seeks $350M to renovate lakefront stadium
Cuyahoga County Executive Chris Ronayne has submitted a request for $350 million in state bonds to fund the renovation of the existing, city-owned Huntington Bank Field on Downtown Cleveland’s lakefront. He says it is a fair, affordable request that’s on par with what Cincinnati is seeking to rebuild…
Joy Court-Old Mill Street development gets first win
There’s been lots of new housing units planned lately for the Barber-Vega-Queen (BVQ) District at the north end of Cleveland’s Clark-Fulton neighborhood. But none is as large as the project that just won approval from the city’s Near West Design Review Committee.
Haslam chides state memos on Brook Park stadium
Two memos dropped today from two branches of state government, both urging caution when considering the Haslam Sports Group’s (HSG) economic impact projections from its proposed enclosed stadium and supportive development in suburban Brook Park. But HSG shot back, calling the reports “questionable” and “inaccurate.”
Harvard-MIT design for power plant redo wins
A redevelopment plan by a team of Harvard University and Massachusetts Institute of Technology (MIT) students for the site of a former coal-fired power plant on Cleveland’s lakefront won the top prize in the 23rd annual Urban Land Institute(ULI)/Gerald D. Hines Student Urban Design Competition.
Federal Building renovations halted
NEOtrans has learned that, not only does the Trump Administration intend to close the Anthony J. Celebrezze (AJC) Federal Building in Downtown Cleveland, the agency responsible for federal real estate has reportedly suspended building renovations in-progress. That also means federal taxpayers may have to eat millions of dollars…
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