Welty Development of Fairlawn bought two Prospect Avenue buildings for $2.7 million, according to Cuyahoga County property records. The company expects to spend several times that amount converting offices to apartments.
From Crain's Akron Business: A lease has yet to be signed, but those running the restaurant and the downtown development both say they're on track to have the restaurant open in a new space on Main Street in Akron next April.
During a recent tour of Cuyahoga Community College’s Manufacturing Technology Center, Governor Mike DeWine shared his concerns over the potential impact of the ongoing labor shortage when it comes to attracting new business to Ohio.
Economic development experts and downtown advocates say the city has only begun to satisfy the demand for downtown apartments, while real estate developers say they've had no trouble leasing new units and are prepared to build more.
Welty unveils new development company crainscleveland.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainscleveland.com Daily Mail and Mail on Sunday newspapers.