Greater Cleveland economic, real estate, development, construction news
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It’s not everyday that new light-rail stations are built from scratch in Greater Cleveland. But when a $3.6 billion mixed-use entertainment district appears along Ohio's most-used passenger rail line, a new station is hard to pass up.
In the next few weeks, demolition work to take down five structures could get underway to avail land for the Cleveland Clinic's expanding Emergency Department, 9105 Cedar Ave., at its Main Campus in Cleveland's Fairfax neighborhood.
Work is due to start in a couple of weeks on preparing the vacated, historic Downtown Cleveland Greyhound station, 1465 Chester Ave., for its next role. That role is to become a leading actor in the future of the Playhouse Square district's experiential economy.
Possibly by the end of this year, major changes are coming to MetroHealth's Emergency Department (ED) at its main campus in Cleveland's Clark-Fulton neighborhood, 2500 Metrohealth Dr. A renovation project costing up to $9 million will get underway amid the goings-on of a busy Level I trauma center.
In a recent one-hour interview with Greater Cleveland Regional Transit Authority (GCRTA) General Manager India Birdsong Terry, she revealed to NEOtrans one of her biggest fears with the transit agency's upcoming sales tax levy vote -- its first in more than five decades.
Ask anyone two years ago which Ohio city had the strongest labor market and the answer was simple: Columbus. Years of economic investment bolstered by a rapid influx of residents has produced one of the nation's fastest-evolving cities, located in Central Ohio. Ask that same question today, and there is a new answer: Cleveland.
It appears that Millennia Companies is doing more than assembling financing to redeem a foreclosed loan on 925 Euclid Ave. and remove the Downtown Cleveland property from a court-ordered receivership. It appears that it is also seeking to close on financing to undertake a redevelopment of the property per its city-approved plans.
