Expansion

Cleveland Amtrak routes surge; but expansion lags

According to the latest data from national passenger railroad Amtrak, America’s most heavily used passenger train passes through Cleveland each night. And it, plus the other Amtrak route through Cleveland, were the two fastest-growing long-distance routes in terms of ridership last year. But getting more ridership or better departure times at Cleveland will be difficult absent new federal policies, said a nonprofit rail advocacy coalition.

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Federal Equipment expands in Cleveland’s Kinsman

Historically, when a company outgrows its aging facilities in the urban core, they tend to move out to a larger, more modern structure in the suburbs. But not Federal Equipment Co. which is expanding its presence in Cleveland’s Kinsman neighborhood that it’s called home for more than six decades. It’s the latest real estate investment along the Opportunity Corridor and the Blue/Green light-rail transit lines in an area of the city derisively dubbed as the Forgotten Triangle, until now.

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Seeds & Sprouts XXV — Park Place Tech stays, LaSalle Theater available, Grant Thornton moving

Park Place Technologies will stay and expand in Mayfield Heights. Collinwood’s LaSalle Theater, now stabilized, is up for sale. And Grant Thornton, one of the nation’s largest accounting firms, is moving and shrinking its downtown Cleveland office.

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