Construction started today on the Group Plan Commission’s Superior Crossing Project with a ceremonial farewell to the unpopular and infamous concrete barriers that have stood on Public Square since its major reconstruction eight years ago. But for the next three months, that means some traffic reroutes, bus detours and transit stop relocations to learn.
Read MoreCleveland Public Square’s continuing transformation Read More »
On May 19, 2021, shortly after the Northeast Ohio Neighborhood Health Services Inc.’s (NEON) Hough Health Center, 8300 Hough Ave., closed for the night and employees went home, an apparent electrical fire sparked. The resulting flames spread throughout the building, causing millions of dollars in damage.
Read MoreHough health center ready for $19.5M rebuild Read More »
Over the decades, one of the biggest barriers to developing Downtown Cleveland’s lakefront with public and private amenities was the lack of a staff dedicated to that purpose. That barrier began to come down today with the hiring of the first staff-person to lead the new North Coast Waterfront Development Corporation (NCWDC).
Read MoreNorth Coast Waterfront Development Corp. names its first executive director Read More »
The owners of the Cleveland Browns football team have reached a purchase agreement to acquire a large piece of land in the Cleveland suburb of Brook Park, leading to speculation that the Browns could leave the city of Cleveland for the second time in its 78-year history.
Read MoreBrowns owners buying 176 acres in Brook Park Read More »
Cleveland’s biggest source of tax base is its downtown which supports services and infrastructure in the rest of the city. City officials are seeking to leverage investments in its urban core to create a feedback loop to support downtown and other neighborhoods. But not everyone is convinced this is a good thing for the rest of the city and cynics are seeking more information and research before deciding.
Read MoreCleveland seeks urban core tax-increment financing district Read More »
For many in the real estate investment community, 2023 was the year when few new big projects were financed. The projects that were already financed under better, prior market conditions saw their construction advance, making the real estate landscape appear rosier than it really was. Now, however, as we enter 2024, there is a light at the end of the tunnel with developers already reviving or making new plans.
Read MoreCleveland development: what to look for in 2024 — Downtown Read More »
Fifteen years ago, when the Great Recession could let someone go bowling down East 9th Street without hitting anyone, three major construction projects were about to get started and provide the city of Cleveland with much-needed economic stimulus. Back then, construction of the new Huntington Convention Center, the Flats East Bank redevelopment, and the new Inner Belt highway bridges represented a total public works investment of nearly $1.5 billion.
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Joined by Cleveland airport officials, Frontier Airlines today announced that it will be starting nonstop flights to Montego Bay, Jamaica in March with an introductory low fare. The new, direct flight is the first new international flight from Cleveland Hopkins International Airport resulting from its new crew base there. But it may not be the last.
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With updated plans for redeveloping downtown Cleveland’s lakefront steadily rolling in like Lake Erie’s waves, the nonprofit development corporation charged with funding and implementing those plans also is coming together. Today, Cleveland Mayor Justin Bibb announced the initial board of directors for the new North Coast Waterfront Development Corp. (NCWDC) and its chair, David Gilbert, CEO of Destination Cleveland and the Greater Cleveland Sports Commission.
Read MoreNorth Coast development authority launched Read More »
Yesterday, at its regular weekly meeting, Cleveland City Council voted to approve an updated and expanded Master Development Agreement (MDA) between Bedrock Real Estate and the city of Cleveland that serves as a guiding framework for Bedrock’s planned $3.5 billion riverfront development project. As one might expect, with such a large, multi-phase development, the project and its legal and fiscal frameworks are very complex. But the new frameworks helps spell out what is expected of each party.
Read MoreCleveland, Bedrock OK roles in $3.5B project Read More »
