Trending development, economic & real estate news
Rafih Auto Group Development OK’d
Two luxury car dealerships that first sought to redevelop part of Great Northern Mall in North Olmsted are now heading to Avon in Lorain County instead. It’s the latest symptom of urban sprawl that’s driving high-profile Cuyahoga County businesses into the collar counties.
Sherwin-Williams HQ boosts office market
Although the occupancy of Sherwin-Williams’ new 1-million-square-foot headquarters downtown has caused a brief boost to Greater Cleveland’s office market, a new report showed that longer-term, structural changes to the market are causing it to return to more pre-pandemic conditions.
Bedrock Riverfront development evolves
According to sources and a recent presentation by Rock Entertainment Group CEO Nic Barlage, Bedrock Real Estate’s Downtown Cleveland Riverfront plans are flowing like the Cuyahoga River, below the ice and out of sight. But the revisions reveal the desire of Rock Ventures owner Dan Gilbert to deliver…
West 25th bus lanes to move forward
Greater Cleveland Regional Transit Authority (GCRTA) officials today said they intend to move forward with plans to build bus-only lanes on West 25th Street through Ohio City’s Market District as part of its MetroHealth Line Bus Rapid Transit (BRT) from Detroit Avenue south to Old Brooklyn.
Five affordable senior housing developments emerge across Cleveland
As the new year opens to a snowy start, a flurry of local construction activity is bringing four ongoing senior apartment projects totaling over 200 units closer to completion. A fifth, the 55-unit Hough Senior Living, has started site preparation after closing on financing.
Two buyers getting nine apartment buildings
Ownerships of a total of 177 apartments spread among nine buildings clustered together in two locations on the east and west sides of Cleveland are about to transfer to out-of-state buyers, public records show. While it’s too early to say what that may mean for the futures of…
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