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Title: NEOtrans – Greater Cleveland economic, real estate, development, construction news

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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.

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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.

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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 also appears that it is also seeking to close on financing to undertake a redevelopment of the property per its city-approved plans.

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In Cleveland Heights, new residential construction is helping to accommodate job growth in nearby University Circle. Along with it, a wave of infrastructure improvements, park upgrades, and preservation efforts are underway.

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Five years ago, Rocket Mortgage looked to be growing into a major presence in Downtown Cleveland's office market. The company was growing so fast here it seemed plausible that it might even anchor a new tower for local offices of Rock Ventures' companies, such as the one Bedrock proposed in its riverfront development.

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