Downtown Real Estate Development

Downtown Cleveland has $1 billion in projects currently under construction and a residential population that doubled in the last 10 years. Join us as we continue to build an inclusive and dynamic city center.

Downtown Cleveland 3D Development Model

See how downtown has changed and will change as development continues

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Recent and Upcoming Projects

  • City Club Apartments

    $100 million ground-up construction

    304 apartments

    Opening 2024

  • Fidelity Hotel

    $60 million historic redevelopment

    97 hotel rooms

    Expected late 2024

  • 55 Public Square

    $50 million historic redevelopment

    202 apartments

    Opened 2023

  • Huntington Convention Center of Cleveland

    $49 million

    143,000 square foot addition

    Opening in August 2024

  • Residences at the Guardian

    $7.8 million redevelopment

    15 condominiums

    Opening 2024

Incentives + Resources

  • Tax rate freeze on 15 years of additional assessed value for residential construction or building conversion.

    [More Information]

  • Financial discounts and/or infrastructure improvements for a project.

  • Tax reductions on commercial projects.

  • Construction or renovation projects that create affordable housing units (minimum of 20% of units within the project), defined as 100% of Area Median Income (AMI) are eligible for incentives ranging from 85-100% tax reduction.

  • Helps companies that need additional working capital beyond their traditional lines of credit by promoting low interest loans currently below 3%.

    [More Information]

Contact Us

Fill out the form below and we will reach out to you with help for your Real Estate Development needs.

You can also contact Audrey Gerlach, VP of Economic Development and Chief of Staff directly at agerlach@downtowncleveland.com.