In a recent letter, a downtown Cleveland community development corporation (CDC) urged the Greater Cleveland Regional Transit Authority (GCRTA) to revisit its 2000 Waterfront Line Phase II study that found extending the light-rail line as a Downtown Loop to be feasible.
Read MoreCampus District asks GCRTA for Downtown Loop study Read More »
UPDATED DEC. 16, 2020
One of the last surviving Euclid Avenue mansions is facing possible demolition to make way for a significant mixed-use real estate development by a national developer. It is one of several real estate developments popping up in the area.
Read MoreEuclid Avenue mansion may be razed for new development Read More »
This is the Thirteenth edition of Seeds & Sprouts – Early intelligence on Cleveland-area real estate projects. Because these projects are very early in their process of development or just a long-range plan, a lot can and probably will change their final shape, use and outcome. Two office buildings seen in this view, North Point
Read MoreSeeds & Sprouts XIII – Early intel on real estate projects Read More »
A 10,000-seat soccer stadium proposed to be built in downtown Cleveland is on hold until pandemic-hurt finances improve among backers of the project so they can acquire a site for it.
Last spring, the Ohio Department of Transportation began soliciting responses from prospective real estate brokers or auctioneers to help it dispose of at least 30 acres of land it owns immediately south of the Inner Belt section of Interstate 90 next to Ontario Street. The goal was to put the land on the market in November.
Read MoreDowntown soccer stadium project takes a time-out Read More »
The real estate market is divided into four basic end-users — residential, hospitality, retail and office. Although the retail market has been shrinking for years, it is basically on hold during the pandemic with some exceptions. The hospitality market is pretty much in a coma but it will probably return healthy once it regains consciousness. Only the residential market has shown a great deal of resiliency throughout the pandemic.
Read MoreCleveland-area offices shrinking, growing, moving and uncertain Read More »
UPDATED AUG. 21, 2020
If you missed seeing construction cranes over downtown Cleveland, you may not have to wait long for their return. With the city’s approval of final designs tomorrow for the City Club Apartments, the first of several cranes likely in 2021 could sprout in the spring.
Read MoreCity Club Apartments tower may rise in November Read More »
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.
Read MoreLots of good long-term economic news for Greater Cleveland Read More »
This is the fourth edition of Seeds & Sprouts – Early intelligence on Cleveland-area real estate projects. Because these projects are very early in their process of development or just a long-range plan, a lot can and probably will change their final shape, use and outcome.
Read MoreSeeds & Sprouts IV – Early intel on real estate projects Read More »
This week I took a tour of the completed portion of the Opportunity Corridor, a project whose side mission is to change land use and turn dirt in a part of the city where the dirt hasn’t been turned in a very long time.
Read MoreSeeking opportunity in the Opportunity Corridor Read More »
Presidential candidate Ross Perot in 1992 famously referred to a “huge sucking sound” when it came to jobs leaving the USA. When money starts pouring into a city like Cleveland, it ought to make a sound, too. It is, and people are noticing.
Read MoreCleveland’s profile soars among out-of-state investors Read More »
