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A developer has proposed building up to 71 townhouses and restoring an unmaintained stormwater retention basin off of Bacon Road in Painesville Township, Trustee Chuck Hillier recently said. The proposed “Reserves at McKinley Creek” would be on a 10.55-acre property that is located on the east side of Bacon Road, north of Kirtstone Terrace and […]
A park-like 3-acre site in the heavily developed, trendy neighborhood on the near West Side has been acquired for the development of townhouses and apartments.
Multimillion-dollar land developments will test Northeast Ohio home-building market crainscleveland.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainscleveland.com Daily Mail and Mail on Sunday newspapers.
From Westlake to Painesville Township and Fairlawn, along with Chagrin Falls, Lakewood and Bay Village, more for-sale multifamily products are in the works for a wide range of prospective buyers.
Homebuilders in Greater Cleveland were busy in 2020, and 2021 looks even better Michelle Jarboe Knez Homes expects to complete the first of 60-plus planned homes in Cleveland's Fairfax neighborhood in mid-March. The homes are rising on scattered sites just south of the Cleveland Clinic's main campus. For homebuilders in Greater Cleveland, 2020 was a blockbuster year. The outlook for 2021 is even better. "It has been absolutely crazy for the last month," said Mike Kandra, president of the Home Builders Association of Greater Cleveland. "New construction is kind of what people are heading toward, simply because there's no supply of existing homes." Scant listings and ferocious buyer demand are promising to buoy new construction into 2022 and beyond. Local builders say they're barely able to keep up in an industry that's still a fraction of what it was before the Great Recession of 2007 to 2009.