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 a dynamic city center.

Recent and Upcoming Projects

  • Cleveland Clinic Global Peak Performance Center

    1st phase of Bedrock’s $3.5 billion Cuyahoga Riverfront redevelopment

    New construction Cleveland Cavaliers training facility, Cleveland Clinic care center, and riverfront boardwalk

    210,000 square feet

    Expected completion: 2027

  • The Electric Building

    $40+ million historic renovation

    124,170 square feet

    120 new apartments

    Completed in Q1 2026

  • Sherwin-Williams Global Headquarters

    $300+ million new construction 36-story tower, entrance pavilion, and parking garage

    1 million square feet

    Completed in 2025

  • Skyline 776

    $100 million ground-up construction

    304 apartments

    Completed in 2024

  • Cosm

    64,000 new construction entertainment facility

    1st phase of Bedrock’s Rock Block development

    Expected completion: 2027

  • Project Scarlet

    $120+ million Historic Renovation

    Including a boutique hotel, apartments, and retail

    Expected completion: 2027

  • Rock & Roll Hall of Fame Expansion

    $175 million investment

    50,000 square foot expansion

    Expected completion: Fall 2026

  • Fidelity Hotel

    $60 million historic redevelopment

    97 hotel rooms

    Completed in 2024

  • Cleveland Division of Police Headquarters

    $90 million historic renovation

    250,000 square feet

    Estimated completion: Q3 2026

  • Ten60 Bolivar

    $38.5 million

    184 apartments

    Mixed-use residential development

  • The Bulkley Apartments

    $44 million historic renovation

    84 apartments

    Completed in 2024

Downtown Cleveland 3D Development Model

See how downtown has changed and will change as development continues

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 Silvia Iorio, VP of Economic Development directly at siorio@downtowncleveland.com.