Trending development, economic & real estate news

County Courthouse project gets seven proposals

While the specific proposals for a new or renovated Cuyahoga County courthouse haven’t been publicly released yet by the county, a list of who submitted the proposals was provided to NEOtrans as a result of a public records request. And the list of seven respondents provides some insight…
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Gordon Square: more apartments, townhomes

Less than a year after acquiring the Premium Metals property, 5901-6001 Breakwater Ave., in Cleveland’s Gordon Square neighborhood, Beachwood-based developer TurnDev has released conceptual plans for developing the site with a mix of multifamily apartments and townhomes. Tentatively called Breakwater Residences, its 193 housing units and a long,…
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Local projects may benefit from federal incentives

Having too much office space, not enough housing inventory and tight private financing to address those conditions isn’t just a Greater Cleveland phenomenon. It’s a nationwide problem. So the federal government on Friday announced incentives to encourage the conversion of high-vacancy commercial buildings to residential use and develop…
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North Coast development authority launched

With updated plans for redeveloping downtown Cleveland’s lakefront steadily rolling in like Lake Erie’s waves, the nonprofit development corporation charged with funding and implementing those plans also is coming together. Today, Cleveland Mayor Justin Bibb announced the initial board of directors for the new North Coast Waterfront Development…
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Old Aquarium razed for South Gordon Park plan

After sitting empty and rotting away for nearly four decades, the old Cleveland Aquarium at South Gordon Park was finally demolished yesterday by contractors for the Cleveland Metroparks. The regional park system, whose long-term lease of this city-owned site took effect earlier this month, wasted no time in…
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Ohio City finance firm moving to the Flats

Another significant office tenant with naming rights to their building is on the move — and shrinking. This time, it’s Cleveland-based financial planning firm Skylight Financial Group which is a general agency of Massachusetts Mutual Life Insurance Co. (MassMutual) in multiple Ohio cities. But unlike Ernst & Young…
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