Greater Cleveland

Browns’ Berea ‘District 46’ development revealed

Today, the Haslam Sports Group announced it was teaming up with the Berea City Schools, city of Berea, DiGeronimo Companies and University Hospitals to pursue a long-planned mixed-use district next to the Cleveland Browns headquarters in suburban Berea. Recent estimates are that the new development could cost about $221 million to build.

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BofA: they’re coming to Cleveland

Another leading indicator of potential population growth in Greater Cleveland was published this week by Bank of America (BofA), one of the nation’s Big Four banking institutions, serving more than 10 percent of all bank deposits of the United States. In a BofA June report, it put Greater Cleveland among the top metro areas benefitting from pandemic-instigated domestic migration trends, with its positive inflow-over-outflow rate ranking up there with the likes of Austin, Tampa, Orlando and Dallas.

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Mayfield Station Apartments next to Little Italy-University Circle Red Line

Circle Square, Ohio City, Van Aken District, Woodhill Station show what’s possible

Putting more residents, jobs and services next to existing rapid transit boosts Greater Cleveland’s quality of life. More real estate developers are recognizing the value to them from investing next to transit, as well as the growing number of public incentives to make those investments. In 2019, Mayfield Station Apartments was rising next to the new Little Italy-University Circle Red Line rail station. More developments like this are happening at more stations in Greater Cleveland

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Lots of good long-term economic news for Greater Cleveland

As jobs start to come back following the pandemic-related economic shutdown, there are also new jobs coming online for Greater Cleveland. These aren’t restored jobs; they are jobs resulting from economic growth in sectors that were either unaffected by the shutdown or they are structural changes from employers seeking lower-cost ways of doing business.

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