Trending development, economic & real estate news
Stark confirms nuCLEus project is ‘on hold’
A Stark Enterprises executive has confirmed that the firm’s dramatic nuCLEus development planned for downtown Cleveland is on hold after seven years of planning and searching for the right public subsidy to overcome Cleveland’s high construction costs and low rents.
CSU looks to double its on-campus housing
Growing enrollment at Cleveland State University may soon cause visible changes to downtown Cleveland’s landscape. According to two sources close to the university, CSU is in negotiations to acquire two large apartment properties that would allow it to more than double its inventory of on-campus student housing.
Ohio City Carriage Works mixed-use plan announced
A wide variety of uses — residential, office/co-working, retail, restaurant, food hall, market, maker space, hotel, speakeasy — are proposed for a redevelopment of the vacant Voss Industries plant in Cleveland’s Ohio City neighborhood.
University Circle inks property deal with developer
A dense, mixed-use development in University Circle on Stokes Boulevard between Carnegie and Cedar avenues was set in motion today with the signing of a ground lease.
Lake-Detroit site bought by Rochester, NY developer
The intersection of Lake and Detroit avenues in Cleveland could see a significant development in the coming years after a major out-of-state investor acquired a strategic property here.
Cleveland & Columbus to field nearly all of the TMUDs
There appear to be seven applicant real estate projects across the state that may apply for funding from a new state intended to support megaprojects. But one notable project may sit out this application round.
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