Good morning, Cuyahoga County. Downtown Youngstown is about to get a taste of Cleveland as Yonder Brunch & Vibes plants its flag in the Erie Terminal Building. While brunch enthusiasts await an official opening date, the Cleveland transplant's new signage signals fresh life for the space formerly occupied by Kitchen Post. The expansion marks another chapter in Northeast Ohio's evolving culinary landscape, where successful concepts increasingly bridge the gap between neighboring cities.
Meanwhile, Cleveland homeowners may notice fewer strangers with rolling suitcases on their blocks as officials craft regulations limiting short-term rentals to 15% of properties per block. This density-based approach aims to balance tourism opportunities with neighborhood stability. In the business realm, Cleveland-based Abeona Therapeutics is celebrating a different kind of balance sheet entirely after selling its FDA priority review voucher for a stunning $155 million—proving our biotech sector continues to punch well above its weight.
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76%☕️ What's Brewing Locally
🍳 Cleveland brunch spot expanding to downtown Youngstown. New signage for Yonder Brunch & Vibes has appeared outside the Erie Terminal Building on West Commerce Street. The restaurant will occupy space previously home to Kitchen Post restaurant. Yonder Brunch, which already operates in Cleveland, is preparing to bring its dining concept to the Youngstown area. While the signs are up, owners haven't yet announced an official opening date for the new location.
🏠 Cleveland moves to limit Airbnb properties on city blocks. The proposed policy would prevent short-term rentals from exceeding 15% of residential properties on any single block. This new regulation aims to control the proliferation of Airbnb and Vrbo listings throughout the city. Cleveland officials are finalizing the citywide rental policy that uses density limits as its primary regulatory mechanism. The proposal represents a significant step toward managing the growing short-term rental market that has impacted residential neighborhoods.
💰 Cleveland biotech firm cashes in with $155 million FDA voucher sale. Abeona Therapeutics Inc., a Cleveland-based company, has entered an agreement to sell its Rare Pediatric Disease Priority Review Voucher for $155 million. The Nasdaq-listed biotech company announced the deal on Monday, May 12. Priority Review Vouchers are valuable assets in the pharmaceutical industry as they can expedite FDA review processes for future drug applications. The sale represents a significant financial boost for the Cleveland company, though details about the buyer were not disclosed.
🏡 Real Estate Reveals
Cleveland Cape Awaits Oak Lovers: This charming Cape Cod in Cleveland Heights is listed at $189,900, featuring oak hardwood floors, a wood-paneled family room, three bedrooms, and lovely gardens with mature landscaping that provide a serene setting.
Sunny update near shopping hub: This fabulous $335,000 Richmond Heights ranch offers 3 bedrooms, vaulted ceilings, and solar panels on a cul-de-sac, with a recently waterproofed basement and modern amenities close to shopping destinations.
Affordable cape near Cleveland Clinic: This Cape Cod in Garfield Heights is listed at $148,000, offering three bedrooms, hardwood floors, a bonus room, private deck, and convenient location near I-480 and Cleveland Clinic Marymount Hospital with a one-year home warranty.🗓️ Happenings & Hoopla
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