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Title: NEOtrans – Greater Cleveland economic, real estate, development, construction news

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Even as AmTrust takes steps to divide up its Downtown Cleveland offices into suburban and downtown locations, the financial services company is about to make a major investment into its new downtown offices at the AECOM Building, 1300 E. 9th St., according to plans filed with the city this week.

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Three Cleveland developments won competitive, highly coveted tax credits that will help push each of those new housing projects toward construction. In total, the trio will add 165 affordable residential units. But one of them is actually the construction of 40 new houses that offer an opportunity at home ownership.

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Despite having 17 miles of shoreline, developments along Cleveland's Lake Erie waterfront don't happen that often due to a lack of developable land. But one got closer to construction today after financing for it was approved by the state, according to a press release.

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In March, NEOtrans announced that Cuyahoga County's first lakefront high-rise in over half a century had begun construction next to Edgewater Park. The apartment tower, branded Naia Noir, will also be the first high-rise constructed in Cleveland's Detroit-Shoreway neighborhood.

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The easternmost building of the closed Fridrich Bicycle was suddenly demolished by a city-hired contractor Wednesday evening, only hours after the city posted a building violation notice. A crowd gathered on the sidewalk across the street from 3722 Lorain Ave. to watch the 143-year-old building come down.

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