Construction Maison

Trammell Crow and Cumberland Development’s Harborview project will be positioned on the lakefront next to the inner harbor and the Rock & Roll Hall of Fame. Cleveland’s central business district (CBD) continues to make headlines as events like the Republican National Convention , the 2016 and 2017 NBA Championships and the 2016 World Series earned national attention . Within the office market, trends such as “flight to quality” and  office-to-residential conversions, which are driven by a hot apartment market , have reduced surplus supply and lowered vacancies. This has shaped metrics positively , and has put Cleveland in a position of strength for the upcoming years. The news of the year has been the purchase of Key Tower by Millennia Cos., a local real estate developer known mostly for multifamily. The company moved its headquarters from a property in Valley View to two entire floors spanning approximately 40 ,000 square feet in Cleveland’s signature office tower . Douglas Lea...

See more of the story Growing suburbs’ strategy of paying for new roads and other infrastructure by charging builders fees for development could be upended by a legal challenge before the Minnesota Court of Appeals. A developer’s lawsuit against Woodbury arguing the city’s roadway fee on new subdivisions is illegal has attracted competing court filings from the metro area homebuilders association and the League of Minnesota Cities . At issue is whether developers or taxpayers should bear the brunt of road projects that are needed to accommodate growth but are located outside of a new subdivision. “I’d say this is a landmark case,” said David Siegel, executive director of the Builders Association of the Twin Cities. “Probably one of those rare cases that comes along every decade or so that we think has really powerful ramifications across the Twin Cities.” Woodbury charges developers a “major roadway assessment” fee to help cover road improvements outside of a subdivision, such ...