Mayor Justin Bibb’s administration filed a legal action this week in federal court to intervene in a foreclosure lawsuit involving the Reserve Square property in Downtown Cleveland. City Law Director Mark Griffin said the intervention was necessary to protect downtown and to make sure that Reserve Square’s residents have safe accommodations.
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Before the end of 2027 when its lease expires at Reserve Square, 1717 E. 12th St., Gray Media Group will leave Downtown Cleveland for a new spot in suburban Independence. That’s according to four sources — three of whom spoke to NEOtrans on the condition of anonymity.
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Two large Downtown Cleveland employers may be reversing course regarding their future office locations. One was bound and determined to leave for the suburbs but now its plans are up in the air. And despite the grist coming from the real estate rumor mill, the other employer says it’s not going anywhere — yet.
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