Lakewood hospital redevelopment site

Downtown Lakewood development to go without grocery store

Developers of the proposed Downtown Lakewood mixed-use development said it was a mix of good and bad news that a grocery store chain backed out of the project. The good news is that the developers can proceed with a previous plan to offer a larger public plaza facing Detroit Avenue. The bad news was that revising the plans to accommodate the grocer cost the developers eight months of time and inflation in delivering the $100-plus-million project.

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Downtown’s next crane may be MIA for a while

While the nation’s employment is high and incomes are rising, in many respects, the slowdown in new real estate construction projects is the worst the nation has seen since the credit crunch of 2008-10. Back then, everything stopped. Nothing new was getting built. Things aren’t too different now unless you’re building new data centers, warehouses or small housing projects.

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