Green Harvest has purchased the Fir Hill apartments in central Akron for more than $10 million and will renovate the buildings, said firm principal Bhavin Patel.
The immediate impact might be negligible, but a big question hangs over what will become of one of Akron's largest office buildings now that FirstEnergy has decided its employees there won't return from remote work brought on by the pandemic.
From Crain's Akron Business: In the past few years, the city has come up with some creative ways to make land available to development via land acquisition, zoning changes and expanding at least one economic development district.
From Crain's Akron Business: Horrigan, who announced this week that he will not seek re-election next year, has had a challenging year but a largely successful time in office. His tenure has been marked by progress and collaboration that Akron leaders say they hope will continue under whoever succeeds him as the city's top executive.
Industrial Realty Group says it will tear down a 600,000-square-foot former Goodyear industrial site this year. The site will initially be green space, but could be developed later.