In a feature titled, “In Cleveland, Developer Puts Down Stakes by the Lake,” Wall Street Journal scribe Chelsey Dulaney writes about the ambitious lakefront development plans currently taking shape in downtown Cleveland.

“Cleveland's longtime dream of developing its Lake Erie waterfront took a step forward last month when its City Council approved plans for a $700 million development,” she writes.

Spurred by increasing residential demand from new residents interested in a more urban lifestyle, the project is on its way to fruition.

“The downtown's population has risen by 88% since 2000 to more than 12,500, according to a Downtown Cleveland Alliance report published in April. Restaurants, microbreweries and art galleries dot Cleveland's once-lifeless streets.”

Among the plans is a school, boutique hotel and restaurants. Apartment rents will range from $1,000 to $2,000 a month, “making them affordable to young professionals, empty-nesters and families.”

"When I left Cleveland after college, downtown wasn't the place to be," Mr. Halloran said. "Now everybody coming back to Cleveland wants to be downtown. There's life there."

Read the rest right here.