In a $30.6M deal, a national real estate investment firm added 119 newly constructed apartments in Cleveland’s Hough neighborhood to its growing portfolio. New Jersey-based Reynolds Asset Management acquired Park Lamont, 9606 Lamont Ave., and The Lumos, 1866 E. 93rd St. Both are located a short walk or bike ride from jobs and classrooms in booming University Circle.
Read MoreTwo new Hough developments sell for $30M Read More »
Cuyahoga Land Bank and First National Bank (FNB) have announced a new partnership to accelerate development in the Circle East District in East Cleveland by supporting homeownership. Since 2022, the land bank has been busily rebuilding this neighborhood next to University Circle from the sewers up.
Read MoreBanking on a large East Cleveland development Read More »
Detailed plans for a proposed conference and classroom facility at University Hospitals’ (UH) Cleveland Medical Center were unveiled today and won preliminary approval from the City Planning Commission. But considering the commission’s compliments about the project, it would be a surprise if the commission didn’t give the project final approval in the coming weeks.
Read MoreUH Wolstein Center design applauded Read More »
An annual report by the Cuyahoga County Planning Commission released this week showed that Transit Oriented Development in the county reached an all-time high in 2024. But 92 percent of countywide TOD activity is occurring in the city of Cleveland. And only four of 26 communities along high-frequency transit routes and walksheds, called TOD corridors, had a TOD project in the past six years indicating a lack of suburban activity.
Read MoreCleveland-area TOD projects reach high in 2024 Read More »
New estimates from the U.S. Census Bureau show that, while population in Greater Cleveland edged up a bit for the second straight year, the metro area is still down overall for the decade so far. And the city of Cleveland saw its population shift at the same it enjoys strong increases in income tax revenues from young professionals and retired empty nesters replacing lower-income families.
Read MoreGreater Cleveland’s population edged upward Read More »
Greater Cleveland’s office market in the first quarter of this year saw its second-lowest amount of leasing activity, as measured in square feet, in the last 16 years since the Great Recession. Only the fourth quarter of 2021, following the pandemic and the rise of remote working, saw less leasing activity locally since 2009.
Read MoreOffice leasing cools in first quarter of 2025 Read More »
Amid all of the big development news happening around town, there’s lots of smaller commercial projects that can have a big impact on individual neighborhoods. And nearly all of these are new or expanded commercial offerings that are due to pop up on the landscape in the coming months.
Read MoreChick-fil-A opening first storefront in Cleveland Read More »
When a church has been around for a long time, its name can often change. But for the 97-year-old Church In The Circle, 1919 E. 107th St., its appearance-based nickname has not changed — the “Holy Oil Can.” Nor has its ownership — until now.
Read MoreUniversity Circle’s ‘Holy Oil Can’ is up for sale Read More »
A Central Ohio developer is proposing a senior affordable housing complex across the street from the long-vacant Hough Bakery plant, which appears to be a part of renewed interest in redeveloping this area. The site, in Cleveland’s Glenville neighborhood is also across the street from East Cleveland’s Circle East District.
Read MoreHough Bakery plant site gets renewed interest Read More »
The Greater Cleveland Regional Transit Authority (GCRTA) has exercised an option to order an additional 18 new Light Rail Vehicles (LRVs) from Siemens Mobility to replace their aging fleet of trains, according to GCRTA and Siemens today. This adds to previous orders, allowing GCRTA to, at minimum, provide a base-level of service on all three of its rail transit lines by 2028.
Read MoreGCRTA orders trains for Shaker-Waterfront lines Read More »
