University Circle

University Circle site offered for mid-rise apartments

A small piece of land in University Circle with big possibilities is being offered for sale or redevelopment in partnership with the current owner, Rico Pietro, a well-known local real estate broker. But no construction is imminent as the current user, a contract ambulance service for Cleveland Clinic, is only halfway through a 10-year lease on the site.

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Two new Hough developments sell for $30M

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.

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UH Wolstein Center design applauded

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.

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Cleveland-area TOD projects reach high in 2024

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.

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Greater Cleveland’s population edged upward

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.

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