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| Two high rises were under construction in Downtown Cleveland through 2023. It is unlikely we'll see a new one start construction in 2024, but we may learn of official plans for one or more high rises by the end of this year (Adam Greene). CLICK IMAGES TO ENLARGE THEM. |
For many in the real estate investment community, 2023 was the year when few new big projects were financed. The projects that were already financed under better, prior market conditions saw their construction advance, making the real estate landscape appear rosier than it really was. Now, however, as we enter 2024, there is a light at the end of the tunnel with developers already reviving or making new plans.
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