Trending development, economic & real estate news
Investors putting big money into Glenville
Denver and Cleveland investors acquired 20 Glenville apartment buildings with the intent of renovating them with affordable housing. The investors, Cardinal Housing Group and Salus Development, are committing $16.6 million to property acquisitions and rehabilitations.
Judge rules in favor of city, Little Italy development
Construction on a residential development in Little Italy could restart soon after a judge ruled against a lawsuit filed by two nearby residents.
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.
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